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:

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

Postcard October 16, 2013, 8:00 am

The Most Cajun Place on Earth

A trip to one of the properties at issue in Louisiana’s oil-pollution lawsuits 

Get access to 164 years of
Harper’s for only $39.99

United States Canada

CATEGORIES

THE CURRENT ISSUE

October 2014

Cassandra Among the
Creeps

= Subscribers only.
Sign in here.
Subscribe here.

“Today Is Better Than Tomorrow”

= Subscribers only.
Sign in here.
Subscribe here.

PBS Self-Destructs

= Subscribers only.
Sign in here.
Subscribe here.

The Monkey Did It

= Subscribers only.
Sign in here.
Subscribe here.

view Table Content

FEATURED ON HARPERS.ORG

Post
 
Rebecca Solnit on silencing women, a Marine commander returns to Iraq, the decline of PBS, and more
Article
Cassandra Among the Creeps·

= Subscribers only.
Sign in here.
Subscribe here.

On silencing women
“The old framework of feminine mendacity and murky-mindedness is still routinely trotted out, and we should learn to recognize it for what it is.”
Photograph © Sallie Dean Shatz
Post
Ending College Sexual Assault·

= Subscribers only.
Sign in here.
Subscribe here.

“This is not a fable about a young woman whose dreams were dashed by a sexual predator. Maya’s narrative is one of institutional failure at a school desperately trying to adapt.”
Photograph © AP/Josh Reynolds
Post
 
"Clothes are a bit like eating: you have to dress yourself. You have to eat, and even if you eat pizza all day long, that’s still a choice."
Photograph © G Powell
Article
“Today Is Better Than Tomorrow”·

= Subscribers only.
Sign in here.
Subscribe here.

“Iraq has every disease there is; its mind is deranged with too many voices, its organs corrupted, its limbs only long enough to tear at its own body.”
Photograph by Benjamin Busch

Abortions per 1,000 live births in New York City:

852

Researchers discovered an “Obama effect”: African Americans’ performance on a verbal test improved, to equal that of white Americans, immediately after Obama’s nomination and his election.

“All I saw,” said a 12-year-old neighbor of visits to the man’s house, “was just cats in little diapers.”

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

HARPER’S FINEST

In Praise of Idleness

By

I hope that after reading the following pages the leaders of the Y. M. C. A. will start a campaign to induce good young men to do nothing. If so, I shall not have lived in vain.

Subscribe Today