4 ms·
> The rewards to attracting the right people in the corporate world can more than justify a six-figure speech. Hedge funds often invite potential clients to eve
by mrdrozdov 10y ago
> The rewards to attracting the right people in the corporate world can more than justify a six-figure speech. Hedge funds often invite potential clients to events featuring prominent speakers. As one hedge fund manager has explained, if just one client “decides to invest $10 million… the firm will snag a 2 percent management fee—which works out to $200,000” per year.
This on the other hand seems like a very legitimate explanation and parallels the logic behind paying speakers to attend large tech events (like one Salesforce might have, which is mentioned elsewhere in the article).
- netcan 10y agoI guess I think that my point still stands. The existence of legitimate reasons does not rule out or make less likely illegitimate ones. The main way I think this topic goes wrong is becoming a trial. In a trial you are looking for definite proof of unacceptable (and ideally illegal) misconduct. This is not a trial question, IMO. If you find out the girls have been in the boys room while at band camp, you can probably guess the reasons or at least the outcomes in a large enough portion of cases. The system needs to be preventative. Elected officials in particular need to have no legal way of accepting this kind of money.