Barack Obama criticised for whopping pay check

400K for Clintons protege Obama Affair of the year

The fee is also almost double that received by Hillary Clinton, who had hoped to replace him as president, for speeches at Goldman Sachs and indicates the scale of the potential earnings of the former USA president.

Harris Faulkner said this also raises questions about the former president's current role in the Democratic Party.

He condemned high rewards paid to bank officials, and said Wall Street shared fault for the 2008 monetary emergency.

Former US President Barack Obama is being criticised for reportedly agreeing a $400,000 (£310,000) fee for a speech to a Wall Street bank.

In an interview in 2009, Obama said: "I did not run for office to be helping out a bunch of fat cat bankers on Wall Street". Although Obama has already signed the contract, the early reports indicate that Cantor Fitzgerald is still in the process of coordinating the details with the former president.

Akzo Nobel purchase would add to earnings in first year: PPG CEO
In an attempt to address Akzo concerns over regulation, the latest PPG offer includes a break fee for if the deal is blocked. PPG said it had sweetened the offer to €96.75 per share, which is an increase of €6.75 per share.

Despite goals and win, Ronaldo still wanted more
The last time Real failed to score was last April, in a 0-0 draw at Manchester City in the Champions League semi-finals. The pivotal moment of the game was Arturo Vidal's missed penalty according to Ronaldo.

The iPhone of cars? Apple enters self-driving car race
The permit allows Apple to test drive three different vehicles with six different "drivers" sitting behind the wheel. Now it appears that Apple are shortly to reveal what it has been up to in relation to automotive-related projects.

Topping the list is the current USA president Donald Trump who was paid $1.5 million per speech at The Learning Annex's "real estate wealth expos" in 2006 and 2007, according to Forbes. According to the Washington Post, her husband and former president Bill Clinton "earned more than $16.3 million for 72 speeches" in 2012 - averaging around $226,000 per speech.

The event's announcement came after Obama spoke to college students at the University of Chicago on Monday about the importance of public service and community organizing.

Joining her parents, Chelsea Clinton commands a speaking fee of $75,000 according to the New York Times.

However, Mr Obama isn't the only former politician cashing in as keynote speakers, as the world's biggest political names regularly draw in six-figure fees for public appearances. Also on the yacht were stars including musician Bruce Springsteen and actor Tom Hanks.

Two months back the previous president acknowledged an offer from Penguin Random House for two books to be composed independently by him and Michelle.

Related News:

  • Amber Heard finally CONFIRMS her relationship with new boyfriend

    Amber Heard finally CONFIRMS her relationship with new boyfriend

    More radiant than ever, actress Amber Heard has made her relationship with business magnate Elon Musk "Instagram official". Now, the actor has turned all the rumours into truth with a picture that she had posted on her Instagram account recently.
    Labour to lose out to Tories in Wales

    Labour to lose out to Tories in Wales

    But the difference is less significant in the Welsh Assembly, where the UKIP or Labour vote hasn't fallen as much. YouGov has released its first snapshot of voter intention in Wales, amid dire national poll ratings for Labour.

    Inside Paisley Park on the anniversary of Prince's death

    The Purple One's jams were notoriously hard to clear, but Rhimes gained her green light in just days, she told Rolling Stone . However, the exact details of the sad circumstances leading to Prince's death a year ago are still unclear.
  • Anthony Joshua surprises his first boxing coach with a brand new auto

    Anthony Joshua surprises his first boxing coach with a brand new auto

    If it were just exclusively up to me then I'd be 1,000 percent confident, but it's not just me. Anthony Joshua's bout against Wladimir Klitschko is the biggest fight of his career so far.

    Final French results show Macron on 24.01%, Le Pen 21.30%

    Of the two choices in the second round, the veritable "detonator" of dynamite isn't necessarily the one we might imagine. Unlike Fillon, who immediately backed Macron, Dupont-Aignan has not said how he would steer his voters.

    Canadian and French Leaders Pay Homage to Fallen Soldiers at Vimy Ridge

    It was a singular victory for Canada, and forever changed the perception of the country and former colony in its allies' eyes. The prime minister and his family are heading to France to commemorate the 100th anniversary of the Battle of Vimy Ridge .
  • Scientists leave labs, take to streets to defend research

    According to the March's website, the event is meant to support publicly funded research as part of a diverse, non-partisan community.

    Senate set to confirm Sonny Perdue as agriculture secretary

    He also visited Cuba, China and South America as part of several trade missions aimed at growing exports for Peach State farmers. He became the first Republican Governor in over 135 years in our state of Georgia, just 15 years ago.He served two terms.
    More advertisers say they have ditched Fox's O'Reilly show

    More advertisers say they have ditched Fox's O'Reilly show

    During the USA election campaign, Trump had defended then Fox News chief Roger Ailes, who also was accused of sexual harassment. The figures were O'Reilly's biggest ever, buoyed by its coverage of the Trump White House, The Reporter said .
  • Yahoo CEO Marissa Mayer's Stake Worth $186 Million Ahead of Verizon Sale

    Yahoo CEO Marissa Mayer's Stake Worth $186 Million Ahead of Verizon Sale

    Yahoo has suffered missteps, including fallout from hackers who previous year compromised a billion of its user accounts. Most of Mayer's payout is based on the 208 percent increase in Yahoo's stock price since she joined the company in 2012.
    Chelsea win so now Spurs have to beat Palace tomorrow

    Chelsea win so now Spurs have to beat Palace tomorrow

    Cahill called the win a "massive step", adding: "It's the first time for a long time we've played before Tottenham". Costa is raw aggression and Hazard has dancing feet. "The best players in the world don't exist without the team.
    Obama's net neutrality rules likely target of new FCC boss

    Obama's net neutrality rules likely target of new FCC boss

    John Oliver also dedicated a show segment to the topic, which raised awareness of an otherwise jargon-y, abstract issue. As such, the net neutrality rules favor the consumers but not the big businesses involved in the internet industry.


Most liked

Google Introduces New Search Tools to Combat Fake News
These signals have been adjusted to help surface more authoritative pages and demote low-quality content. The fact that Google's algorithm keeps throwing up misleading or fake content is deeply concerning.

US Congress investigates links between Trump and Russian Federation
To do its job effectively, the White House needs to comply with appropriate requests for information about potential wrongdoing. Cummings then added that the White House has refused to provide information to the committee during their investigation.

AT&T revenue misses estimates as customers keep phones longer
AT&T said it ended the period with 4.6 million AT&T Fiber "customer locations" and plans to add 2 million to that total in 2017. The company noted it had 2.7 million wireless net adds for the quarter.

Celtic tops Rangers 2-0, into Scottish Cup final vs Aberdeen
But the striker fronted up and spoke with Rangers TV after the game in a bid to sum up the 2-0 thrashing that had just gone by. They can only grow from the experience. "So I think that made it a lot easier than it should have been".

Paul George Could Demand Trade After Cavaliers Sweep Pacers
The last time Indianapolis hosted was 1985, a game was held at the Hoosier Dome (later renamed the RCA Dome). Boston Celtics, New York Knicks and Los Angeles Clippers are just a few of them.

Runoff in Georgia House race could test Trump
Republicans would respond that a win is a win, and if $8 million doesn't get you a single House seat, nothing will. Jason Chaffetz by a whopping $400,000 in the heavily conservative part of the state southeast of Salt Lake City.

Stephen Belafonte wants to see kids
She adds that Mel took advantage of her when she was just 18 and had recently arrived in the United States from Germany. In her response to these claims, Miss Gilles says she was wrongly branded a "homewrecker, prostitute and extortionist".

When will Nokia 3310, Nokia 6 and others launch in India?
Nokia 3310, which some would call the world's favourite phone, will be available later this month in some European markets. There's a 1200 mAh battery under the hood, which is ready to give 22 hours of talk time and 30 days of standby time.

Ankara Slams Trump's Statement on Armenian Genocide as 'Misinformation'
It would eventually lead to the genocide of roughly 1.5 million Armenian Christians. He adds that remembering will "prevent them from occurring again".

Dinakaran hints at quitting party post
To a query if he would resign from the deputy general secretary post, he said "The post was given to me by the general secretary". The Election Commission had frozen the "two leaves" symbol of AIADMK due to competing claims from Sasikala and Panneerselvam.

North Korean official says will continue missile tests
But he warned: "They are doing a lot of bluster and a lot of threats, and they might misplay that hand and blunder into a war". Arizona Republican Senator John McCain recently said "China is the key" to stopping North Korea.

It's over. April's giraffe cam ends
In a post on the Animal Adventure Park web site, officials there said that the giraffe cam is set to end it's broadcast today. Funds raised will be split between the Giraffe Conservation Foundation , Ava's Little Heroes and Animal Adventure Park .

Chappell leads by one stroke after 3 rounds of Texas Open
The top-10 finish is Palmer's third in a row at the Texas Open after placing tied for sixth in 2015 and tied for fourth in 2015. Second-round co-leader Tony Finau got in a position to tie Koepka when he birdied four of five holes on the back nine.

NASA Photo Reveals How Earth Looks From Saturn
During the dives, Cassini will measure how much ice and other materials are in the rings and determine their chemical composition. Cassini's Magnetometer (MAG) instrument will take advantage of the close flyby to study the northern part of Titan's magnetotail.

Cavs waive Sanders, sign 2 players for postseason
Cleveland went just 23-23 after January 10 and the Cavs have been ranked in the bottom third statistically on defense all season. The Cavaliers' Iman Shumpert drives past the Raptors' DeMarre Carroll (5) in the first half on April 12 at Quicken Loans Arena.