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Chelsea Clinton gets Board seat with Expedia

This is the grooming of Chelsea (her resume at least) for her future political aspirations.
 
At least she is not getting a security clearance and an office at the WH
That is because Hillary would not be able to get a security clearance after her home server situation. Since Chelsea is just like mommy, she can't be trusted.
 
The best part about this is that the people who go after Ivanka and Melania are the first ones to scream sexist and off limits when Chelsea is criticized.
 
The best part about this is that the people who go after Ivanka and Melania are the first ones to scream sexist and off limits when Chelsea is criticized.
Or my favorite is to go over to democratic underground and read how Chelsea is derserving because she has a phd from Oxford in international relations. I read one post where some idiot said if a CEO can make that much, why not board members. They have no clue.
 
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So long as these people go away forever, she can have any unwarranted job she wants.
 
The best part about this is that the people who go after Ivanka and Melania are the first ones to scream sexist and off limits when Chelsea is criticized.
Chelsea was off-limits when she was a minor (same with Bush's and Obama's daughters). Trump's youngest is off-limits but the other 3 are fair game
 
Chelsea was off-limits when she was a minor (same with Bush's and Obama's daughters). Trump's youngest is off-limits but the other 3 are fair game
Yet they go after the Trump children still today no other reason than being Trump. I've read so many things about how they are so rich and part of the nasty 1%. All the while they work for a living and as we saw, actually fly commercial. Meanwhile Chelsea is making over $600,000 a year while never really working and the left celebrates her. It just shows you how two faced most liberals are.
 
No one goes after Trump's kids. Just stop and stfu. All we've ever asked for are a couple of nudies of Ivanka or a celebrity sex tape. That alone would make Don's first term a success.
 
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Amazingly qualified Chelsea has now gotten her second board seat giving her a whopping $600,000 a year annual benefits for eight meetings a year. Not bad considering she has never had a real job and is not qualified for either seat.

http://www.washingtontimes.com/news/2017/mar/20/chelsea-clinton-gets-250k-year-expedia-board-seat/
You don't add so good.

In her newly named position, Mrs. Clinton will get $45,000 a year in cash, plus $250,000 a year in stock vesting over three years.

That's only $295K/year. It's still outrageous, but as you pointed out, it's a political nepotism position.

Expedia’s chairman, billionaire Barry Diller, is a longtime Clinton ally and prolific fundraiser for the political family. During the 2016 presidential campaign, Mr. Diller and his wife Diane von Furstenberg hosted a “Conversation and Dinner with Hillary Clinton,” with tickets priced at $100,000 per couple.

Mr. Diller has collected 54 percent of Expedia’s voting shares, so he’s single-handedly able to alter its board from 13 to 14 people to accommodate the younger Clinton. And he’s done it before.

Mr. Diller is also chairman of IAC Interactive, and invited Chelsea to sit on its board four years ago. In that position, Mrs. Clinton earns $50,000 in cash a year, and $249,936 in stock.

Chelsea started her career working for management consulting firm McKinsey & Company and investment firm Avenue Capital Group. She ditched those jobs for a cozy $600,000 a year gig reporting for NBC News, where she conducted hard-hitting interviews with the likes of Geico’s gecko.

That last part is hilarious.
 
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You don't add so good.

That's only $265K/year. It's still outrageous, but as you pointed out, it's a political nepotism position.

That last part is hilarious.
I think he was referring to the total of two board seats.

From your quote:
IAC interactive - $299k per year ($50k cash, $249k stock)
Expedia - $295k per year ($45k cash, $250k stock)
Total - $594k per year
 
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Meh, good for her. If that is what the company wants to do, that is fine with me.
Only issue is the company had nothing to do with it. The guy that owns 54% of the stock decided to add an additional board seat, expanding from 13 to 14 and added her. Oh by the way he was also one of hillary's biggest donors. First, its unusual to have an even number of board seats and also, same guy put Chelsea on another board.
 
Only issue is the company had nothing to do with it. The guy that owns 54% of the stock decided to add an additional board seat, expanding from 13 to 14 and added her. Oh by the way he was also one of hillary's biggest donors. First, its unusual to have an even number of board seats and also, same guy put Chelsea on another board.
If he owns 54% of the stock, he's essentially the company. Not much any other shareholders can say about it, except to dump the stock.
 
If he owns 54% of the stock, he's essentially the company. Not much any other shareholders can say about it, except to dump the stock.
Yes I understand that but if I were a shareholder I would not be pleased that the guy that owns 54% of the Company just cost the company $300,000 direct off of profits. How much in sales do they have to do to make $300,000? He did it as a favor, not because it was good business.
 
Yes I understand that but if I were a shareholder I would not be pleased that the guy that owns 54% of the Company just cost the company $300,000 direct off of profits. How much in sales do they have to do to make $300,000? He did it as a favor, not because it was good business.
We are saying the same thing.
 
Yes I understand that but if I were a shareholder I would not be pleased that the guy that owns 54% of the Company just cost the company $300,000 direct off of profits. How much in sales do they have to do to make $300,000? He did it as a favor, not because it was good business.
Well, the guy owns 54% so $162,000 out of his pocket. The real number is probably $0 because they'll just use the accounting department to make it disappear (or cut somebody's bonus)
 
No one goes after Trump's kids. Just stop and stfu. All we've ever asked for are a couple of nudies of Ivanka or a celebrity sex tape. That alone would make Don's first term a success.
+1
BTW, wasn't there a Chelsea counter to her 21st birthday? or was it the Olsen twins?

To be clear, anybody over 21 is fair game: Bush's twins, Chelsea, Trump's kids
 
Well, the guy owns 54% so $162,000 out of his pocket. The real number is probably $0 because they'll just use the accounting department to make it disappear (or cut somebody's bonus)
Do you think the accounting department is a black hole? You sure don't know much about business.
 
Do you think the accounting department is a black hole? You sure don't know much about business.
I know enough to know it won't come out "direct off of profits"
The $300K will be taken from revenue and the accounting department will go to work to get the profit as close as possible to the previous number as possible (taxes, reduce bonuses, who knows?). Impact on profits will be minimal, probably a rounding error for Expedia
 
Well the Board of Directors and CEO have a fiduciary responsibility to the Shareholders. He's supposed to act in the best interest of the shareholders and place the shareholders interests above his own. This hire reeks of conflict of interest due to his political activities and if I was a shareholder, I'd be requesting an explanation on how the hire benefits the company.
 
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I know enough to know it won't come out "direct off of profits"
The $300K will be taken from revenue and the accounting department will go to work to get the profit as close as possible to the previous number as possible (taxes, reduce bonuses, who knows?). Impact on profits will be minimal, probably a rounding error for Expedia
Than you don't know crap about boards or accounting.
 
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I know enough to know it won't come out "direct off of profits"
The $300K will be taken from revenue and the accounting department will go to work to get the profit as close as possible to the previous number as possible (taxes, reduce bonuses, who knows?). Impact on profits will be minimal, probably a rounding error for Expedia

That's not at all how it works

ffs

mein eyes, its so bad

facepalm.gif
 
I will never forget her talking about not understanding those who are money hungry. She said she never thought much about it.
 
I know enough to know it won't come out "direct off of profits"
The $300K will be taken from revenue and the accounting department will go to work to get the profit as close as possible to the previous number as possible (taxes, reduce bonuses, who knows?). Impact on profits will be minimal, probably a rounding error for Expedia
The problem with this logic is that you assume there is fat that can be trimmed to offset the salary. Any well functioning organization is already operating lean because otherwise that is 300k per year lost due to inefficiencies.
 
The problem with this logic is that you assume there is fat that can be trimmed to offset the salary. Any well functioning organization is already operating lean because otherwise that is 300k per year lost due to inefficiencies.
How many FFE's do they have to cut to GIVE $300,000 away and not get anything in return?
 
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