Friday, December 21, 2012

Columbia's Business School Dean and the Prostitute

From Naked Keynsianism:
So how much does it take to get Glenn Hubbard's consulting expertise. Matt Taibbi has the scoop.
"So how much does it cost to get the Dean of Columbia Business School to say that Countrywide customers weren't injured by fraud? Well, MBIA's lawyer, David Freeburg, asked Hubbard that very question:
Q. How are you being compensated?
A. I'm being compensated at an hourly rate for my work.
Q. Do you know your hourly rate?
A. Yes, it's $1200 an hour.
For comparison's sake, $1200 an hour is about what Natalia, the woman New York Magazine called "America's #1 escort" in a famous profile many years ago, made early on in her career working for Jason Itzler, the self-described 'King of All Pimps.'"
So the same that a high end, but not top of the line prostitute, according to Taibbi. Seems about right. A must read. The rest here.
Follow the Taibbi link for a Masters class in depositions.
Here's the 2005 New York Magazine story: