• Chelsea Clinton Makes $900,000 for Doing Almost Nothing

    July 8, 2014

    Tags: , , , ,
    Posted in: #99Percent, Democracy, Post-Constitution America




    A feature of oligarchy is the dynastic ascension of new leaders, children who rise to positions of power and wealth simply by the luck of birth. We welcome Chelsea Clinton to the club.

    Earning $445 Per Second at NBC

    Unlike most well-to-do young people who, after a decent education, take a series of unpaid internships and entry-level positions to begin working their way up some corporate ladder, Chelsea jumped more than a few rungs. Despite never having attended journalism school or otherwise having worked in the field, Chelsea was hired by NBC News to do feel-good stories as part of their “Making a Difference” series. Though the starting salary for such positions is already a chunky $100,000-200,000, Chelsea is being paid $600,000 a year for the same work.

    Or less work. Here is a list of Chelsea’s recent NBC stories:

    — June 10, NBC Nightly News, on diabetes.
    — June 10, Today show, on a car accident in New Jersey.
    — June 5, NBC Nightly News, General Motors safety scandal.
    — June 4, Today show, missing Malaysia Airlines Flight 370.
    — June 4, NBC Nightly News, about people pointing lasers at aircraft.
    — June 3, NBC Nightly News, food-borne illnesses.
    — June 2, Interviewed the Geico gecko, an animated character who sells insurance.

    All told, in her almost three-year tenure at NBC, Chelsea has worked on all of 14 stories.

    Business Insider calculated since starting work in November 2011, Chelsea earned about $26,724 for each minute she appeared on air, or $445 per second. As in one-two-three = $1335, there’s your month’s rent.

    NBC has an eye for talent, at least the talent of children of important politicians. In 2009, it hired George W. Bush’s daughter Jenna to serve as a correspondent on the Today” show. In 2011, it hired Senator John McCain’s daughter Meghan as a contributor on MSNBC.

    More Chelsea $$$$$$$$

    But back to Chelsea. She told the New York Times in 2011 when hired by NBC she intended to donate most of the money she earned to the Clinton Foundation. In addition to her gig at NBC, Chelsea also serves Vice Chair of the recently renamed “Bill, Hillary and Chelsea Clinton Foundation,” where she was “a major force in steering her parents’ charitable work” in the final years of her mother’s time at the State Department.

    Chelsea also benefits from a job as a board member for Barry Diller’s IAC/InteractiveCorp. Salary for Chelsea: $300,000. The board position also pays an annual retainer of $50,000 and a $250,000 grant of restricted stock.

    Chelsea, though she only graduated with a master’s degree in 2010, started teaching graduate level classes two years later at Columbia University’s School of Public Health. Her exact salary is unknown. However, the average salary for a Columbia lecturer is $51,671.

    Chelsea holds another academic post, salary unknown, as assistant vice provost for the Global Network University at New York University.

    Chelsea has also presented an award to her mother at Diane Von Furstenberg’s International Women’s Day event and hosted her father’s 65th birthday at a Hollywood benefit for the Bill, Hillary and Chelsea Clinton Foundation with guests Lady Gaga and Bono.

    Chelsea’s personal fortune is estimated at $15 million, most earned as a consultant at McKinsey & Company and by working for Avenue Capital Investment Group as a hedge fund manager. Chelsea and her husband live in a $10.5 million condominium in Manhattan.


    Chelsea is only 34 years old and has already accomplished so much. What a bright future lies ahead! America is still a country where any child can grow up to someday become president.




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  • Recent Comments

    • pitchfork said...

      1

      hmmm, tried to post a comment 2 times…disappeared into the aether… ?????

      07/8/14 2:47 PM | Comment Link

    • pitchfork said...

      2

      WTF???? one minute my comment appears..and your blog says there are “0” comments..and the next the comments disappear and there is no field saying how many comments there are disappears too. WTF???

      ummm…I think you “may” have an NSA ghost in your server Peter.

      07/8/14 2:55 PM | Comment Link

    • pitchfork said...

      3

      Wow,..now two of my comments appear. Let me try my original comment…
      ———-
      Notwithstanding it’s not a matter of if, but when Piketty’s prophetic warning erupts across the U.S.landscape, I have no doubt the 100 heads Life Insurance Co. indemnity clause won’t protect Chelsea from ensuing 4th Gen warfare…

      http://3.bp.blogspot.com/-_RncdHHdbig/U7lqLpJe1xI/AAAAAAAAbwQ/UbLHnx-tuv0/s1600/get-attachment+(6).jpg

      Neither will her $10k rose colored glasses. Of course, I’m 100% sure she thinks the same as her peers..

      http://www.newyorker.com/talk/financial/2014/07/07/140707ta_talk_surowiecki

      Meanwhile, her mother is downplaying her own display of absurdity.

      But wait… I see..the fee is donated to “charity”.

      quote”All of the fees have been donated to the Clinton Foundation for it to continue its life-changing and life-saving work,’ says Clinton.”unquote

      Charity=the Clinton Foundation.

      BAHAHAHAHAHAHAHAHA! Shades of pulling wool over your eyes…whudda thunk.

      When the SHTF, I’m 100% positive she’ll offer to change the recipient to the 100 Heads Life Insurance Co..you know..for “life saving” purposes.

      sheeeezusHchrist..when the 99% finally pull their collective head out of their ass and actually DECLARE war on these bastards, they might not starve to death.

      07/8/14 2:56 PM | Comment Link

    • pitchfork said...

      4

      Holy mother of Ripleys. WTF is going on????

      07/8/14 2:57 PM | Comment Link

    • Rich Bauer said...

      5

      The $900K is hush money so she doesn’t write a tell-all about Slick Willie’s wondering weenie.

      Don’t be too harsh on her; Ryan Howard gets $25 million for doing nothing.

      07/9/14 4:31 PM | Comment Link

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