Greenspan Expected to Get Over $8.5 Million for His Memoir
Yes, it’ll sell. But will it sell that much?
Assuming a cover price of about $30, the publisher would have to sell nearly 600,000 copies of the book to recover just the cost of the advance, and Mr. Greenspan would not receive any additional royalties until it sells nearly 1.9 million copies.
Penguin bought the world rights to the book, meaning that it could recoup some of its costs by selling the right to publish translated editions of the book in foreign countries.
Mr. Greenspan’s advance ranks second only to the more than $10 million paid to former President Bill Clinton for his memoir, “My Life,” which was published in June 2004. Pope John Paul II received an advance of $8.5 million in 1994 for his book, “Crossing the Threshold of Hope,” and Senator Hillary Rodham Clinton received an $8 million advance for her memoir, “Living History,” published in 2003.
Mr. Greenspan, in the 10-page proposal for the book that was circulated among publishing houses interested in bidding on it, said that he would write about the presidents he worked with, the relevance, or lack thereof, of his testimony before Congress, as well as others at all levels of government.
“I do not intend to dwell on personality aberrations, except as they affect policy decision-making — which, of course, always involves personalities,” he wrote […] “I will also describe what it’s like to be a prop at a Congressional hearing, which is too often the role of witnesses.”
This is an old, 2003 article from the Telegraph I happened to run across today while googling other things, and I think it’s a nice little bit of commentary—a personal response to some revered writers, as well as a statement on “great” novels—that’s what drew me in.
Says Mailer,
Name any great novel that didn’t weary you first time through. A great novel has a consciousness that is new to us. We have to become imbued with this new consciousness before we can enjoy the work. I’ve been bored in part by Moby-Dick, The Red and the Black, Anna Karenina, The Scarlet Letter, Remembrance of Things Past, Ulysses, The Magic Mountain. Hell, even The Sun Also Rises. Of course, I was a Freshman then.
BAGNEUX, France, March 3 — Two strips of red-and-white police tape bar the entrance to the low-ceilinged pump room where a young Jewish man, Ilan Halimi, spent the last weeks of his life, tormented and tortured by his captors and eventually splashed with acid in an attempt to erase any traces of their DNA.
The floor of the concrete room, in the cellar of 4, rue Serge-Prokofiev, is bare except for a few packets of rat poison, a slowly drying wet mark and a dozen small circles drawn and numbered in white chalk, presumably marking the spots where the police retrieved evidence of Mr. Halimi’s ordeal.
Mr. Halimi, 23, died Feb. 13, shortly after he was found near a train station 15 miles away by passers-by, after crawling out of the wooded area where he was dumped. He was naked and bleeding from at least four stab wounds to his throat, his hands bound and adhesive tape covering his mouth and eyes. According to the initial autopsy report, burns, apparently from the acid, covered 60 percent of his body.
“I knew they had someone down there,” said a young French-Arab man, loitering in the doorway of a building adjacent to the one where Mr. Halimi was held. He claimed to live upstairs from the makeshift dungeon but would not give his name or say whether he knew then that the man was a Jew. “I didn’t know they were torturing him,” he said. “Otherwise, I would have called the police.”
But it is clear that plenty of people did know, both that Mr. Halimi was being tortured and that he was Jewish. The police, according to lawyers with access to the investigation files, think at least 20 people participated in his abduction and the subsequent, amateurish negotiations for ransom. His captors told his family that if they did not have the money, they should “go and get it from your synagogue,” and later contacted a rabbi, telling him, “We have a Jew.”
Tonight I’m booked to do a reading here in town, and for once the prospect doesn’t terrify me. See, it’s a monthly open-mic set-up called The Bardroom, and that means that I’m not going to be the center of attention. Although they’ve mentioned me on the bill that’s been emailed around, they’ve also mentioned some other locals, and have invited any and all to just get out of their seats, climb onstage, and do their bit.
But the real question is: Why am I terrified of readings? In high school I did the drama bit, doing Shakespeare and Thornton Wilder, but those involved mouthing someone else’s words. And no, I was never particularly good at that either.
It helps to be published, of course. But I remember my first terrified reading back in grad school, where I read a couple poems I’d published in the Emerson literary magazine. My face was beet red as I sweated through the few lines of those short pieces, reading (I was later told) at manic speed, so that unless you had the poems in front of you, you’d have no idea what I’d said.
Years passed, and I foolishly didn’t read again until my first book was published. And that was a poorly arranged thing, set up by friends, in my wonderful local Budapest watering hole. We took over a corner and I read some passage, frightened out of my mind, even though all 9 spectators (with the exception of two girls who’d come because of the notice in the paper) were good friends. It ended up being a bit silly, because the rest of the bar was filled with drinkers making lots of noise, and my listeners could hardly hear a thing. The drinks did help me, but only a little.
Mr Nadler has let roll his solo blog project, Special Forces Then and Now,
devoted to the origins of the special forces, particularly the First Special Service Force (FSSF), a WWII Canadian-American commando unit that along with the OSS’s Jedburghs and Darby’s Rangers pioneered special warfare.
This solidly researched and smartly written volume is a fitting tribute to a unique group of warriors.
I’ve been out of the picture lately due to a mix of trying to get work done and trying to deal with a pesky cold. But today I was glancing at the Yahoo! search page’s headlines and followed a few links, and began to feel rather apocalyptic.
1) Three killed at Indian anti-Bush protests. That’s not good.
2) Ex-official: Iraq abuses growing worse. Hmm.
3) Al-Quaida figure sets rules for oil war. This looked interesting, so I read about some 2003 rules for engagement set by Al-Quaida—namely, blow up pipelines and tankers, but don’t burn oil fields; we’ll need them when the Islamic Republic is established. And now, via Western news, all us jihadists have this detail straight.
3) Video shows Blanco’s assirances on levees. The Katrina (seemingly named after my sister) melee, proving utter incompetence in centers of power.
I don’t really care about Wendy’s selling their Baja Fresh chain, and though it was interesting, the Nazi code-breakers isn’t really that pleasing to hear about. But get this:
4) Antarctic ice sheet in “significant decline”. The apocalypse is coming at us from all sides.
But then I saw the last bit about:
5) Filmmaker wraps movie in just over two hours.
Well, that’s cool, right? So I follow the link and find out it’s an Indian right-to-die movie filmed around a hospital bed.
Maybe it’s the illness or some other personal fact pulling me in the wrong direction, but geez, the world really is going to shit, isn’t it? And that’s not even taking into account smiling Gary Glitter.
But yesterday, the news had the opposite effect. It actually excited me. Why? This story about the assessment that the Soviet Union did in fact order the assassination of the pope back in 1981.
As part of my endless narcissistic Googling project, today I typed “contemporary nomad” and was pleasantly surprised to find this mention at Slate. Now, who could’ve brought our little blogspot to the attention of that North Star of online commentary?
Unsurprisingly, it was none other than our very own Mr Nadler, quoted with gusto by Michael Weiss:
John Nadler at Contemporary Nomad, who believes Mladic is under the care and protection of “Serbian spooks” (state security), asks, “What do we make of last night’s drama? It is likely the same tired charade the Serbian and Republika Srpska governments conduct every few years to prove to the nagging prosecutors at The Hague that they are doing their best: ‘We got him … oh damn, he slipped through our fingers.’”
As a companion piece to Kevin’s earlier post, there’s a (to me pretty questionable) report on a Vietnamese man who, after suffering fevers in 1973, has since been unable to sleep—at all—in the past 33 years.
“I don’t know whether the insomnia has impacted my health or not. But I’m still healthy and can farm normally like others,” [Thai] Ngoc said.
Proving his health, the elderly resident of Que Trung commune, Que Son district said he can carry two 50kg bags of fertilizer down 4km of road to return home every day.
His wife said, “My husband used to sleep well, but these days, even liquor cannot put him down.”
She said when Ngoc went to Da Nang for a medical examination, doctors gave him a clean bill of health, except a minor decline in liver function.
Among the provcative and always well-worth-your-time discussions going on at Mystery Circus’s Peanut Gallery, the ever-evil Jim Winter asked a question about writing series:
…I look at Doolittle and Gischler and notice they’re writing standalones. And every agent, writer, and editor tells me I need a series.
The book I’m currently shopping is pitched as “a standalone with series potential.” And yet I’m so bored with the idea of doing another series or even my current one that I’m seriously considering scrapping Kepler #3 and starting its replacement off with Kepler already dead.
So why is it they keep saying you have to have a series when so many authors clearly are not writing them?
I used to rail against the idea of a series—I thought it was too much rehashing of a single idea—but I’ve grown more comfortable with the idea recently. Maybe because my own series is reaching its finale and I’m getting nervous. Now I find myself mapping out a new trilogy that my agent finds exciting partly because the same person reappears in each. The only way I can make myself happy with the idea is to see it as a 3-part novel (like Len Deighton’s Bernard Samson 9-book series) that happens to be divided into multiple covers. More advances for me & my agent, more time to build an audience for it.