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  • Obama adviser Summers earned millions from hedge fund

    04/04/2009 12:25:27 PM PDT · by freespirited · 10 replies · 705+ views
    Reuters UK ^ | 04/04/09 | Roberta Rampton
    Lawrence Summers, a top economic adviser to U.S. President Barack Obama, was paid about $5.2 million by hedge fund D.E. Shaw in the past year, disclosure forms released by the White House showed on Friday. Summers was also paid $2.7 million in speaking fees by a range of organizations and companies, including several troubled Wall Street financial firms. The disclosure documents on Summers and other White House officials advising Obama on the global financial crisis covered 2008 and the first few months of this year. Summers became an official adviser on January 20 when Obama took office. Summers, who was...