Former President Obama Gives First Major Speech

This week, former President Obama is set to deliver his first official speech since leaving the White House. He and wife Michelle have just returned from a one-month vacation in French Polynesia, and it’s back to work for the Obamas.

The speech will be given May 3 at Chicago’s Civic Committee of the Commercial Club.

Obama will reminisce about his 8 years in office and talk about the building of his presidential library, the Obama Presidential Center. Obama has made other recent trips to Chicago to host fundraising dinners for his Obama Presidential Foundation.

Obama is also expected to reflect on his early years in Chicago and his work as a community organizer. He moved to the city at age 25, fresh out of college and “absolutely certain that somehow I was going to change the world.” He was right.

Obama is also working on his memoirs, after recently finalizing a $65 million deal with publisher Penguin Random House.

The deal also includes a book by former First Lady Michelle Obama. The deal is the highest amount ever paid for a presidential memoir, and gives the publisher global rights to the two books. In comparison, publisher Knopf paid Bill Clinton $15 million for his 2004 presidential memoir, and Crown Publishing paid George W. Bush $10 million. Penguin Random House has published books previously written by both Obamas, and the company is reportedly thrilled to continue its publishing relationship with the power couple.

“With their words and their leadership, they changed the world, and every day, with the books we publish at Penguin Random House, we strive to do the same. Now, we are very much looking forward to working together with President and Mrs. Obama to make each of their books global publishing events of unprecedented scope and significance.”