Ever wonder what a $3.2 Million speech looks like.
Courtesy of Barack Obama at the Milan Global Food Security Summit…
The former President, who has already earned hundreds of thousands of dollars for private speeches since leaving the White House, will make his highest-paying appearance yet at the Global Food Innovation Summit today.
President Obama flew into Italy’s business capital yesterday, and according to local media headed straight for the extravagant Park Hyatt hotel, which can cost up to £7,100 (€8,400) a night.
After bringing the city to a standstill with a convoy of 14 cars, a helicopter and a 300-strong police escort, President Obama’s entourage reportedly took over two floors of the hotel.
The former Commander-in-Chief also took a private tour of the Pinacoteca Ambrosiana museum, and the city’s cathedral.
In a move that was highly criticised even by former colleagues, he picked up £310,0000 ($400,000) last week for a speech to Wall Street bankers – which he accepted in September while he was still President.
President Obama will give his speech in Milan at Seeds and Chips, a conference on the impact that technology, innovation and climate change will have on food availability and production worldwide.
After the address, he will take part in a conversation with Sam Kass, the Obamas’ White House chef who also helped run Michelle Obama’s public health campaign.
Dilbert creator Scott Adams describes the post-presidency speaking circuit as a “Pre-bribe”:
It is illegal to bribe a president. But it is totally legal to pre-bribe one.
Here’s how a pre-bribe works.
When a president leaves office, you offer the ex-president an enormous speaking fee. Let’s say $400,000. The ex-president does the speech and banks the money. The ex-president has no power at that point, so the speaking fee can’t be seen as a bribe because there is no quid pro quo.
But what about the president that is in office while this happens? Do you think the current president notices when the the prior president gets a $400,000 payday for an hour of work?
It would be hard to miss.
So let’s say the company that hired the ex-president asks for a meeting with the current president. Do you think the company gets that meeting? And do you think the current president bends over backwards to get them whatever they need?
He does if he wants a $400,000 payday after leaving office. That’s a pre-bribe.