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Thursday, August 30, 2012

Nicolas Sarkozy Offered £200,000 Per Hour Job with Morgan Stanley - International Business Times UK

Nicolas Sarkozy Offered £200,000 Per Hour Job with Morgan Stanley - International Business Times UK: Former French president Nicolas Sarkozy has been offered the chance to earn £200,000 for just a single hour of work with Morgan Stanley.

If Sarkozy takes the bank's offer, revealed in French investigative weekly Le Canard Enchaine, he will receive the bumper sum for giving a 45-minute speech and posing for pictures for a further 15 minutes.

The scale of the payment reveals the lucrative avenues open to former world leaders after they leave office.

Should Sarkozy accept the job, he will be following a path well trod by former prime minister Tony Blair, who makes £2.5m a year from his role as an adviser to investment bank JP Morgan.

Sarkozy was president of France for five years, bringing in a monthly salary of £17,000, before he was defeated by socialist Francois Hollande.

French management agent Nicolas Teil of Confanim said: "[The fee] is very expensive compared to the rest of the market, but we shouldn't forget that he once directed the fifth biggest power in the world.

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