Magazine Editor Is Chosen to Collaborate on Greenspan Memoir
After weeks of speculation, Alan Greenspan, the former chairman of the Federal Reserve, has chosen a collaborator for his memoir, to be published by Penguin Press in fall 2007. Peter Petre, a senior editor at large at Fortune magazine and co-author of best sellers by Gen. H. Norman Schwarzkopf and by Thomas J. Watson Jr., former chairman of I.B.M., will help Mr. Greenspan write his book.
Mr. Greenspan, who sold the book for an $8.5 million advance in March, has been interviewing ghostwriting candidates since then.
Robert B. Barnett, the lawyer who represented Mr. Greenspan in the negotiations, declined to comment on how much Mr. Petre would be paid. "We reached an agreement that was acceptable and equitable to both sides," he said. Mr. Barnett said that the issue of credit for Mr. Petre had not been resolved. (Mr. Petre received a reported $500,000 for his work on General Schwarzkopf's book.)
Read entire article at NYT
Mr. Greenspan, who sold the book for an $8.5 million advance in March, has been interviewing ghostwriting candidates since then.
Robert B. Barnett, the lawyer who represented Mr. Greenspan in the negotiations, declined to comment on how much Mr. Petre would be paid. "We reached an agreement that was acceptable and equitable to both sides," he said. Mr. Barnett said that the issue of credit for Mr. Petre had not been resolved. (Mr. Petre received a reported $500,000 for his work on General Schwarzkopf's book.)