Former Federal Reserve Chairman Alan Greenspan is quickly finding out that dining out in New York can be a very rewarding experience.
On Tuesday night, Lehman Brothers paid Greenspan $250,000 to meet with 15 of its most important clients in Lehman's executive dining room in New York. Lehman paid $100,000 over Greenspan's standard speaking fee of $150,000 for the privilege of being the first Wall Street firm to book the legendary Fed chairman, according to an individual familiar with the situation.
The dinner was attended by the likes of billionaire Paul Tudor Jones of Tudor Investment Corp., long one of the most profitable hedge funds in the market. Greenspan spoke about interest rates, the Fed and the U.S. economy.
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