Some News About Some 'Big' People

The Wall Street Journal reports that, according to US government disclosure material, White House economic adviser Larry Summers received $5.2m over the last 12 months for his new business and investment evaluation role over at hedge fund D.E Shaw.

He also made some $2.77m in speaking fees, making approximately 40 appearances at universities and financial markets firms like Citi, JPMorgan, and Goldman Sachs over the period. Summers also donated a $45,000 fee he received from Merrill Lynch in November to charity. He is now, of course, on the US government's payroll.

And The Daily Telegraph reports that, despite the anger of Royal Bank of Scotland (RBS) shareholders, former CEO Sir Fred Goodwin has no intention of returning any of his $1m-a-year pension. The newspaper quotes a source close to Goodwin who said that he considers the matter closed.

Finally, The Wall Street Journal's Deal Journal reports that former Lehman CEO Richard Fuld has resurfaced at Matrix Advisors in New York. At the time of writing it it is unclear what his responsibilities there will be.

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