3,921
edits
Changes
SW: →During the Bush Administration: add link
According to financial disclosure forms filed in 2009 for the 2008 calendar year, "Sperling was paid $116,653 by the Council on Foreign Relations for work related to education in developing countries."<ref>Robert Schmidt, "Geithner Aides Reaped Millions Working for Banks, Hedge Funds" Bloomberg News (Oct. 14, 2009), accessed on Jan. 6, 2010 via http://www.bloomberg.com/apps/news?pid=newsarchive&sid=abo3Zo0ifzJg </ref> He "supplemented" this salary "through a variety of consulting jobs, board seats, speaking fees and fellowships, to bring his total income to more than $2.2 million in the 13 months ending in January. For example, he was paid $480,051 as a director of the Philadelphia Stock Exchange and $250,000 for providing quarterly economic briefings to two hedge fund firms, Brevan Howard Asset Management LLP and Sterling Stamos Capital Management....Sperling also drew a $137,500 salary from Bloomberg News for writing a monthly column and appearing on television, according to his disclosure. [[Goldman Sachs]] paid Sperling the $887,727 for advice on its charitable giving. That made the bank his highest-paying employer."<ref>Id.</ref>
Sperling told Bloomberg, "My sole work for Goldman Sachs was as lead consultant on the creation, design, and initial implementation of ‘10,000 Women,’ their $100 million philanthropic effort to give business and leadership education to poor women around the world...." The [[Center for Media and Democracy ]] has called such philanthropic work that does some good while trying to wash away misdeeds by Wall Street firms and Goldman Sachs in particular "[[greedwashing]]."
Among other paid speeches, "Sperling spoke at a Washington event hosted by the Houston- based Stanford Group Co. in November 2008, three months before its chairman was sued by the Securities and Exchange Commission for allegedly bilking investors of $7 billion. He also spoke at a Washington event in October 2007 that was sponsored by Citigroup, which has received $45 billion in government assistance."<ref>Id.</ref>