Obama begins lucrative turn as Wall Street speaker

NEW YORK: Barack Obama has begun cashing in on his time in the White House with paid Wall Street speeches less than a year after leaving office, a practice which drew stinging rebukes for Hillary Clinton during last year's presidential campaign, reports AFP.

The former US president will appear Monday before a who's who of the US health care industry at a conference to be held next week by the New York trading firm Cantor Fitzgerald, according to two sources with knowledge of the matter.

He will deliver remarks before answering questions from the audience, they said on condition of anonymity. Obama will discuss his signature 2010 health care reform legislation, known as Obamacare, which Republican lawmakers are still working to dismantle after several failed attempts.

According to a person briefed on Obama's planned appearance, he will be paid about $400,000.

In August, Obama addressed a New York gathering held by the Chicago private banking and wealth management firm Northern Trust.

Panelists at that event, according to the firm's website, included billionaire former New York mayor Michael Bloomberg, chief Microsoft cybersecurity advisor Jonathan Trull and IBM general manager for "blockchain" technology Marie Wieck.

Obama received $400,000 for his Northern Trust appearance, according to Bloomberg News, which also reported Monday that the former president had made a similar appearance this month at the private equity behemoth Carlyle Group.

Carlye Group and Northern Trust both declined to comment when contacted by AFP.

Obama begins lucrative turn as Wall Street speaker

NEW YORK: Barack Obama has begun cashing in on his time in the White House with paid Wall Street speeches less than a year after leaving office, a practice which drew stinging rebukes for Hillary Clinton during last years presidential campaign, reports AFP. The former US president will appear Monday before a whos who of the US health care industry at a conference to be held next week by the New York trading firm Cantor Fitzgerald, according to two sources with knowledge of the matter. He will deliver remarks before answering questions from the audience, they said on condition of anonymity. Obama will discuss his signature 2010 health care reform legislation, known as Obamacare, which Republican lawmakers are still working to dismantle after several failed attempts. According to a person briefed on Obamas planned appearance, he will be paid about $400,000. In August, Obama addressed a New York gathering held by the Chicago private banking and wealth management firm Northern Trust. Panelists at that event, according to the firms website, included billionaire former New York mayor Michael Bloomberg, chief Microsoft cybersecurity advisor Jonathan Trull and IBM general manager for blockchain technology Marie Wieck. Obama received $400,000 for his Northern Trust appearance, according to Bloomberg News, which also reported Monday that the former president had made a similar appearance this month at the private equity behemoth Carlyle Group. Carlye Group and Northern Trust both declined to comment when contacted by AFP.