Alan Greenspan just can’t stop working. The 81-year-old former head of the Federal Reserve has signed a consulting contract with PIMCO, the Newport Beach, Calif.-based bond behemoth, according to The New York Times. .
The contract calls for Greenspan to have closed-door meetings with executives at the firm quarterly. He will also hold conference calls and videoconferences, the Times quoted “an associate with knowledge of the deal” as saying.
Greenspan’s work doesn’t stop there. He has said he will enter consultancy contracts with other firms as well—although none that compete directly with PIMCO—and commands up to $150,000 for speaking engagements. For his upcoming book, which will be published in September, he received an $8.5 million advance.
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.