Washington Babylon — June 12, 2008, 11:53 am

Bob Woodward’s Moonlighting

I closed my item earlier today regarding David Broder’s speaking gigs with a 1995 quote from Ben Bradlee about journalists making big bucks for public speaking:

I wish it would go away. I don’t like it. I think it’s corrupting. If the Insurance Institute of America, if there is such a thing, pays you $10,000 to make a speech, don’t tell me you haven’t been corrupted. You can say you haven’t and you can say you will attack insurance issues in the same way, but you won’t. You can’t. I would like to limit speeches to nonprofit institutions. But even that is a little phony because they’ve corrupted the nonprofit institutions out of shape. If you talk to a college, a school, a university, a charity, that’s OK.

Well, it turns out that the Post’s Bob Woodward, like Broder, has had a rewarding career speaking to corporate groups. For example, the American Council of Life Insurers, “a unified voice on issues from retirement security to taxes to international trade. We advocate the shared interests of our member companies and their policyholders before federal and state legislators, regulators, and courts.”

In October of 2005, the group met in Washington at the Omni Shoreham Hotel for ACLI’s 30th annual conference “to discuss retirement security, taxes and regulatory reform. The meeting—attended annually by more than 500 life insurance executives—is the premier conference for an industry offering financial protection and retirement security products to millions of Americans.” According to one industry account, “One of the highlights of the ACLI Annual Meeting was a presentation by famed journalist Bob Woodward. He gave a fascinating report of his 500-question interviewing sessions with President Bush.”

Woodward has given countless other speeches in recent years and has certainly received lucrative fees. He has spoken to the Group Underwriters Association of America, the American Bankruptcy Institute, the Securities Industry and Financial Markets Association (at the Boca Raton Resort and Club), the American Frozen Food Institute, and the National Association of Chain Drug Stores (at the Breakers Hotel Resort in Palm Beach, where one account relates, he cited “the need to adjust the Medicare program ‘to the realities of the 21st century,’” called for “an independent commission to study various forms of Medicare prescription drug coverage,” and said, in what was surely a crowd-pleaser, “’pharmacy is always the easiest target’”). He also delivered speeches to the Mortgage Bankers Association (in a 2006 talk sponsored by Citibank at a conference whose other sponsors included Countrywide Financial) and the National Association of Real Estate Investment Trusts.

What does he do with the money? He and his wife have a foundation (The Woodward Walsh Foundation), so maybe the money is going there—in which case he’s still getting a tax break. A review of the foundation’s records shows that a good chunk of its donations go to Sidwell Friends, a well-funded elite private school in Washington, D.C., that his children have attended.

I left a message with Woodward at the Post a short while back and will update this story if he replies.

Readers who know of other speeches by Broder or Woodward may email me at ken@harpers.org.

I’ll write more on this matter soon.

Share
Single Page

More from Ken Silverstein:

Commentary November 17, 2015, 6:41 pm

Shaky Foundations

The Clintons’ so-called charitable enterprise has served as a vehicle to launder money and to enrich family friends.

From the November 2013 issue

Dirty South

The foul legacy of Louisiana oil

Perspective October 23, 2013, 8:00 am

On Brining and Dining

How pro-oil Louisiana politicians have shaped American environmental policy

Get access to 165 years of
Harper’s for only $45.99

United States Canada

CATEGORIES

THE CURRENT ISSUE

Feburary 2017

A Grim Fairy Tale

= Subscribers only.
Sign in here.
Subscribe here.

Trump: A Resister’s Guide

= Subscribers only.
Sign in here.
Subscribe here.

Little Things

= Subscribers only.
Sign in here.
Subscribe here.

The Patient War

= Subscribers only.
Sign in here.
Subscribe here.

Remainers

= Subscribers only.
Sign in here.
Subscribe here.

JB & FD

= Subscribers only.
Sign in here.
Subscribe here.

view Table Content

FEATURED ON HARPERS.ORG

Post
Illustration (detail) by Steve Brodner
Article
The Patient War·

= Subscribers only.
Sign in here.
Subscribe here.

(1) To need his glasses and be struck by an awareness that they are not at hand, an ordinary enough circumstance for Frederick Douglass, except sometimes it’s accompanied by a flash of extraordinary dread. If not quite panic, certainly an unease disproportionate to a simple recurring situation. Dread that may be immediately extinguished if he locates his horn-rimmed, owlish-eyed spectacles exactly where he anticipated they should be. He sees them and almost sighs. Nearly feels their slightly uncomfortable weight palpable on his nose. Finding the glasses enough to reassure him that he remains here among the living in this material …
Photograph (detail) © Andrew Quilty/Oculi/Redux
Article
Little Things·

= Subscribers only.
Sign in here.
Subscribe here.

(1) To need his glasses and be struck by an awareness that they are not at hand, an ordinary enough circumstance for Frederick Douglass, except sometimes it’s accompanied by a flash of extraordinary dread. If not quite panic, certainly an unease disproportionate to a simple recurring situation. Dread that may be immediately extinguished if he locates his horn-rimmed, owlish-eyed spectacles exactly where he anticipated they should be. He sees them and almost sighs. Nearly feels their slightly uncomfortable weight palpable on his nose. Finding the glasses enough to reassure him that he remains here among the living in this material …
Photograph (detail) of miniatures by Lori DeBacker by Thomas Allen
Article
Blood and Soil·

= Subscribers only.
Sign in here.
Subscribe here.

(1) To need his glasses and be struck by an awareness that they are not at hand, an ordinary enough circumstance for Frederick Douglass, except sometimes it’s accompanied by a flash of extraordinary dread. If not quite panic, certainly an unease disproportionate to a simple recurring situation. Dread that may be immediately extinguished if he locates his horn-rimmed, owlish-eyed spectacles exactly where he anticipated they should be. He sees them and almost sighs. Nearly feels their slightly uncomfortable weight palpable on his nose. Finding the glasses enough to reassure him that he remains here among the living in this material …
Illustration (detail) by Nate Kitch
Article
JB & FD·

= Subscribers only.
Sign in here.
Subscribe here.

(1) To need his glasses and be struck by an awareness that they are not at hand, an ordinary enough circumstance for Frederick Douglass, except sometimes it’s accompanied by a flash of extraordinary dread. If not quite panic, certainly an unease disproportionate to a simple recurring situation. Dread that may be immediately extinguished if he locates his horn-rimmed, owlish-eyed spectacles exactly where he anticipated they should be. He sees them and almost sighs. Nearly feels their slightly uncomfortable weight palpable on his nose. Finding the glasses enough to reassure him that he remains here among the living in this material …
Illustration (detail) by Matthew Richardson

Amount New York City spends each year on air, bus, and train tickets to send homeless people out of town:

$500,000

The Laboratory of Neurophenomics described a possible blood test for suicide.“Suicide,” said the laboratory’s director, “is a big problem in psychiatry.”

Beijing set its air-quality target for 2017 at twice the amount deemed acceptable by the World Health Organization.

Subscribe to the Weekly Review newsletter. Don’t worry, we won’t sell your email address!

HARPER’S FINEST

Who Goes Nazi?

= Subscribers only.
Sign in here.
Subscribe here.

By

"It is an interesting and somewhat macabre parlor game to play at a large gathering of one’s acquaintances: to speculate who in a showdown would go Nazi. By now, I think I know. I have gone through the experience many times—in Germany, in Austria, and in France. I have come to know the types: the born Nazis, the Nazis whom democracy itself has created, the certain-to-be fellow-travelers. And I also know those who never, under any conceivable circumstances, would become Nazis."

Subscribe Today