No one has really addressed the issue of book payments vs. book advances. If they ‘advanced’ her $14M on predicted sales and they never materialize, she owes them the prorated difference.
If, on the other hand, they GAVE her the $14M, then it was criminal conspiracy to defraud stockholders (if it is a publicly traded company).
“If they ‘advanced’ her $14M on predicted sales and they never materialize, she owes them the prorated difference.”
I’m happy to assume, if you know about these things, that you may know lots more than I about the customs & practices of the book publishing industry. That would be easy, I know largely nothing about it, though again, I would assume they are not in business to lose money.
But if you think S&S is going to ask for their money back and even more incredulously HRC is gonna give it back, I shall be here, giggling, and not holding my breath!
Hillary won’t owe SS anything. Advance on royalties is paid regardless of whether or not the book sells. She won’t get any royalties on the book because it won’t earn back the advance but the $14 million will be hers. She’s probably already received half of it, although ti can vary how the installments of the advance are paid.
Excellent comment!