“We must educate those who will lead the institutions that will serve as engines of prosperity in our economy. But we must also instill in them the importance of ensuring that these engines of prosperity are engines for all,” intoned then-President Larry Summers at a Harvard religious gathering.
But Summers’ own engine rides so high… the throttle on that thing… It’s like… here’s Larry on his prosperity engine:
Why is he riding so high?
According to the NYT, Larry Summers worked just one day a week while making $5.2 million in two years at hedge fund D.E. Shaw.
So let’s say he worked 100 days total, that’s $52,000 per day.
And assuming he worked about 12 hour days, that’s $4,333 per hour.
Ride ’em, cowboy! Hell, plenty to go around! With his common touch, Summers is just the man to ensure that America’s engines of prosperity are engines for all.
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Point of Clarification: Why only one day a week?
Because he was a full-time professor at Harvard at the same time.