- Current Issue
SIGN IN to access Harper’s Magazine
Need to create a login? Want to change your email address or password? Forgot your password?
1. Sign in to Customer Care using your account number or postal address.
2. Select Email/Password Information.
3. Enter your new information and click on Save My Changes.
Subscribers can find additional help here. Not a subscriber? Subscribe today!
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 email@example.com.
I’ll write more on this matter soon.
More from Ken Silverstein:
Perspective — October 23, 2013, 8:00 am
How pro-oil Louisiana politicians have shaped American environmental policy
Postcard — October 16, 2013, 8:00 am
A trip to one of the properties at issue in Louisiana’s oil-pollution lawsuits
Average portion of its yearly household expenditures that a South African family will spend on a funeral:
Neuroscientists were hoping to use rat brain waves to find people buried by earthquakes.
Four people were arrested for using a remote-controlled hexacopter to fly two pounds of tobacco to prisoners inside the yard at Calhoun State Prison in Georgia.
Subscribe to the Weekly Review newsletter. Don’t worry, we won’t sell your email address!
Our congratulations to Alice Munro, winner of the 2013 Nobel Prize for Literature