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Does anybody know what the rationale is behind companies paying these crazy sums to speakers? At first look it looks like a bribe to get better connections and
by spaetzleesser 6y ago
Does anybody know what the rationale is behind companies paying these crazy sums to speakers? At first look it looks like a bribe to get better connections and treatment from people in or close to political power but is there a more charitable explanation? Does such a speech give deep insight that's worth the money?
My company sometimes has reasonably famous keynote speakers and I find these speeches either entertaining or boring but they never seem to produce much value. But I am just an engineer. Maybe business guys get more out of it?
- rStar 6y ago<$25,000 cost of getting the speaker in to talk to your audience. 25,000<x<100,000 -> case by case >$100,000 -> legalized bribery, pay for play etc.
- MarkMc 6y agoI read that by having such notable speakers, hedge funds can invite and impress wealthy clients to what is essentially a big sales pitch. If you're trying to get 20 people to each give you $50 million, then speaker fees of $2 million is just part of the marketing budget.