Chelsea Clinton reaps $9 million from corporate board position

Chelsea Clinton reaps $9 million from corporate board position. By Alexander Bolton.

Barron’s reported Sunday that Clinton has profited handsomely as a board member for IAC/InterActiveCorp, a media and internet investment company that has an ownership stake in 150 well-known brands, such as Vimeo, Tinder, Angie’s List and Home Advisor.

Clinton, the only child of former President Bill Clinton and former Secretary of State Hillary Clinton, has served on IAC’s board since 2011 and receives an annual $50,000 retainer and $250,000 worth of restricted IAC stock units, Barron’s reports.

She reported owning $8.95 million worth of IAC stock to the Securities and Exchange Commission at the end of December. …

She earned an annual salary of $600,000 working as a special correspondent for NBC News in 2013 and part of 2014.

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.

Clinton privilege, selling influence.

It’s waning fast, however, according to Government Accountability Institute President Peter Schweizer, who said in November:

This past year, the Clinton Foundation literally raised 10% of what it did in 2009, the first year that Hillary was secretary of state, and the international numbers were even worse. …

The Clinton Foundation has had a hard time raising money because they don’t have the influence to sell. They don’t have power access to sell, and that, I think, is the primary evidence for what the Clinton enterprise was all about.

How did the Clintons, who never earned more than half a million a year from any government position they held, come to have $100m+ in net worth? The Obamas are going the same way, by the way. Politics can be a lucrative game.

People tend to do what their paymasters want, but the Clinton’s real paymasters were obviously not the public.