#Robert Schmidt-Mnuchin Joins Speech Circuit at $250,000 for Live Address

Author : jimmyn
Publish Date : 2021-02-18 09:35:25


#Robert Schmidt-Mnuchin Joins Speech Circuit at $250,000 for Live Address

(Bloomberg) - Steven Munchin likes Prince Harry and Meghan Markle, Bono, Henry Kissinger and Barack Obama, who offer to speak for thousands of dollars.

Munchin, who is Donald Trump's Treasury Secretary, has hired a Harry Walker agency to manage such engagements. Munchin said he takes about $ 2,000,000 to speak for himself. An ad obtained by Bloomberg News charged $ 1,000,000 for a virtual address, while Munchin said the number could be closer to ०० 10,000,000.

Harry Walker's website urges customers to inquire about fees. Mnuchin's profile on the site identifies him as a philanthropist - after his other career. 

Biden said he had "good talks" with Israeli Prime Minister Benjamin Netanyahu. He spoke in support of the US Alliance, but said that maintaining some independence was not the answer.

The two leaders spoke for an hour and discussed policy towards Iran and Israel's growing diplomatic ties with other Arab countries in the region, Mr Netanyahu's office said.

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Mr Biden told reporters at the Oval Office that the couple had had a "good conversation" but declined to say anything.

In recent weeks, Israeli diplomats have raised concerns about the White House's delay in negotiating with Netanyahu.

Mr Biden has spoken to about a dozen other world leaders since taking office on January 20.

According to a former agency official, Timothy Geithner, Obama's first Treasury chief, was paid between 1,000 and २०० 200,000 for a speech after leaving government.

Payment is often highly adjusted if the speech is abroad or at another distant destination.

Munchin confirmed that he had joined Harry Walker but did not expect to go on a speaking tour.

(Updates with additional speaking fee details, from paragraph 2)

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His profile reads, "As a person helping to transcend economic policy, he seeks to talk about where our economic and financial policies are, given the current climate."

Signing up with the Speaker's Bureau has become the standard practice for high-ranking officials since they left the government. And arrangements can be very attractive, especially for those who work for the Treasury or the US Federal Reserve. New Treasury Secretary Janet Yellen said in a recent financial disclosure form that she had earned more than million 1 million in two-year speaking fees from large corporations, hedge funds and Wall Street banks.

Rich Treasury Secretary

Former filmmaker and financier Munchin was one of the richest treasury secretaries in modern history with a net worth of more than करोड 400 million. He has not announced what his career move will be, although Munchin said he does not expect to give many speeches.

Cabinet secretaries are often held as a draw at conferences for their clients as sovereign asset funds and other large investors seek a combination of behind-the-scenes stories on market insights and policy-making. Large corporate trade unions often present ex-government officials at their conferences. Meals in lodging and often grassy places, as well as first class airfare, are often part of the package.



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