Alexander Bolton over at The Hill reported that Chelsea Clinton "reaped" $9,000,000 since 2011 just for being on the board of a company, and that clearly proves we are all in the wrong business. Well, those of us earning, or "reaping" anything less than $9 million - we're all in the wrong business together.
You see folks, we need to jump in our hot tub time machine, travel back to 1980, be born to Hillary Clinton, grow up with a silver spoon, watch our father ruin an interns blue dress, see mommy lose two elections, and get a job on the board of some random internet investment company, and profit like crazy.
Let's look at Bolton's piece and see what we can learn, besides the fact that if your father was president, then you'll be well off.
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Clinton has served on the board of IAC/InterActiveCorp, but I have no idea what she does. Maybe she just sits there or throws investment money at them. Where does that money come from? Don't know and I don't plan to ask.
Who is IAC/InterActiveCorp? They have "ownership stake in 150 well-known brands, such as Vimeo, Tinder, Angie’s List and Home Advisor."
How does she get paid? Well, according to Bolton's article, she gets $50,000 per year as a retainer and has $250,000 of restricted IAC stock units, and this is info Bolton retrieved from the publication known as Barron's.
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She reported owning $8.95 million worth of IAC stock to the Securities and Exchange Commission at the end of December.
Barron’s notes that IAC’s stock has risen 89 percent, 50 percent and 36 percent in 2017, 2018 and 2019, respectively, a far steeper rise than the broader stock market.
Clinton’s public profile has proved a valuable commodity.
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She earned an annual salary of $600,000 working as a special correspondent for NBC News in 2013 and part of 2014.
OHHHHHHHH there it is!
NBC News was paying her $600,000 just to be a special correspondent? I would've done it for $3.50 and a diet ginger ale.
But wait, there's more!
Clinton was named to the board of Expedia Group in March of 2017, a position that typically earned $250,000 in 2015, according to a report at the time by The Guardian.
Both IAC and Expedia are controlled by Barry Diller, the business and television mogul, who is a friend of Hillary Clinton.
Wow! He's a friend of Hillary Clinton! Here I thought Chelsea Clinton was wildly talented and really big into tech investment. Turns out, her mommy is a friend and I guess friends pull strings for each other.
So basically, what happened is that Chelsea Clinton got whatever job she has now out of sheer luck of being born to someone who would end up being president and another trying twice and not quite winning.
Or, when friends end up in prison like Jeffrey Epstein, strings get pulled on them, allegedly and speculatively of course.
Here we are wondering how we can go back in time, get lucky and be born to someone with rich dicey connections, be born to Bill and Hillary Clinton, take Chelsea's job, and make myself an easy $9 million.
Which makes me wonder, would you be Chelsea Clinton for $9,000,000, paid in cash, tax free?
Here's my answer.