Greenspan trumps pope in book advance

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Former Federal Reserve Chairman Alan Greenspan has nudged out the late Pope John Paul II for the second biggest advance ever for a book of nonfiction. (The all-time biggest advance remains the $12 million former President Clinton got for his memoir “My Story.”) Penguin Inc. has reportedly agreed to pay Greenspan in the $8.5 million to $9 million range for his memoir. The pope got $8.5 million in 1994. more [Post]