Peter Osnos was Obamas first publisher at Times
Books, for Dreams From My Father. He writes:
Now comes the part in which Obama showed a steely side and
displayed an element of character which, while completely legal and entirely
within his rights as a writer, makes me uneasy
After his victory, Obama, on the advice of friends I have
been told, decided to replace Dystel as his agent with Robert Barnett, the
formidable Washington lawyer who has represented the Clintons and a host of
other major Washington political figures and writers. Whereas agents take a
flat percentage of all the clients earningsusually 15 percent these
daysBarnett charges by the hour, which means that the bill is substantially
smaller as a portion of the proceeds on big deals. Dystel, a feisty sort, was
furious. I have no idea about the details of interaction between Barnett,
Dystel, and Obama, but I would bet it was not warm and fuzzy.
Between Election Day 2004 and his swearing in as a Senator,
Obama signed a two-book deal with Crown for seven figures (probably somewhere
in the vicinity of $1.5$2.0 million). By signing the contract before taking
office, which Hillary Clinton also did on her book deal, Obama does not fall
under various requirements for disclosure and reporting that applies to members
of Congress.
'
I just
wish that this virtuous symbol of Americas aspirational class did not move
quite so smoothly into a system of riches as a reward for service, especially
before it has actually been rendered.
OMG. When a
publisher thinks youre unethical, youre not just smokin, youre on fire!