Chelsea's new job is high-power

New York Daily News ^ | 3/08/03 | LEO STANDORA

[kattracks]

Chelsea Clinton joined her father in helping reduce the nation's unemployment rolls by getting a job, it was reported yesterday.

Former President Bill Clinton announced Thursday that he had signed on with CBS to do a regular debate segment with Bob Dole on "60 Minutes."

Daughter Chelsea is filling out her W-2 forms at the Manhattan offices of McKinsey & Co., high-powered international consultants to an array of large corporations, Newsweek magazine said on its Web site.

The former First Daughter, who is wrapping up studies at Oxford's University College, had been working with McKinsey's London office.

McKinsey confirmed Chelsea Clinton was on board in New York, but declined to comment on her salary, the magazine said.

But a former recruiter for the firm told Newsweek that most new associates earn between $115,000 and $120,000 a year, plus a signing bonus of $10,000.

Average applicants have to be in the 99th percentile on all of their standardized test scores and have straight A's in college. The firm even looks at SAT scores, Newsweek said.

As one of 5,000 consultants worldwide, Clinton will look forward to long hours, lots of travel and no bragging about the job.

"It's very secretive," the former recruiter said.

After three years, Chelsea Clinton can specialize in anything from health care to consumer goods to corporate finance.

The downside, said the former recruiter, is that "she'll have no personal life whatsoever."

[Highest Authority]

How can "the ugliest teenager in America" get all "A"s, when she hardly ever went to classes, both in England AND in Stanford????????

[Trickyguy]

It's easy. Her instructors just give her "A"s.

[kcvl]

The firm

Chelsea Clinton has been offered a job at McKinsey management consultants, starting on £40,000 a year. Clients include 100 of the world's top 150 companies and those who work there are an elite club. Stuart Jeffries investigates the McKinsey legend

Friday February 21, 2003
The Guardian

When Chelsea Clinton was headhunted for a £40,000 first job at management consultants McKinsey & Company earlier this week, there were a few raised eyebrows and rather more snarlingly envious comments. What does that gawky brat have that others don't? How could a 22-year-old woman with no business experience justify such a lavish per annum wedge? Would her masters degree in international relations from Oxford and a history BA from Stanford really help one of McKinsey's current clients, say, the steel group Corus, which is poised to undertake a strategic review after a 20% share plummet that followed a planned merger with a Brazilian outfit? Are you sure? Did she only get the job on the back of daddy's old job and mommy's highly regarded intellectual capabilities?

More...

[kcvl]

Susan Rice (91-93, NYO, TOR), former assistant secretary of State for African affairs and former special assistant to the president and senior director for African affairs with the National Security Council in the Clinton administration

Rice was a management consultant at McKinsey & Company.

[Bad~Rodeo]

Former President Bill Clinton announced Thursday that he had signed on with CBS to do a regular debate segment with Bob Dole on "60 Minutes."

Name it the PIMP and LIMP SHOW...L~

[kcvl]

"An internal voice memo sent early last week to McKinsey & Co. employees specifically stated that Ms. Clinton was being hired as an 'Associate,' a position only open to MBAs, Ph.Ds and MDs. This would be a blatant violation of McKinsey policy."

Clinton will graduate from Oxford University this spring with a master's in philosophy in international relations.

A McKinsey spokesman said the company - which has offices all over the world, including New York - would not comment on hirings. He also declined to confirm whether the voice-mail report was accurate.

[kattracks]

I wonder if Chelsee will even have to show up to collect a paycheck.

[GilesB]

"The downside, said the former recruiter, is that "she'll have no personal life whatsoever.""

Weeeelllllllll - she has the face for it!

[kcvl]

April 5, 2001

Remember Bill Clinton's visit to India after the earthquake?

State officials said that private groups — not including the foundation — had entered agreements with the government to rehabilitate 286 villages. "A huge number of villages are still waiting to be adopted," said Palani Panneervel, the state's commissioner of relief. "Bill Clinton's visit will be a big boost to us."

Dozens of Indian-American business people and professionals accompanied Mr. Clinton today on a grueling five-hour tour. Many of the millionaires were packed into unairconditioned minivans without so much as a cold drink on a sweltering day when temperatures surpassed 105 degrees.

Rajat Gupta, managing director of McKinsey & Co., the management consulting firm. "It's a fact-finding and experiencing mission."

Mr. Gupta and Victor J. Menezes, president and chief executive officer of Citibank, who are the foundation's vice chairmen, were among those who met with Mr. Clinton in early February to discuss what to do in response to the earthquake.

Bill Clinton went to quake-ridden Gujarat State in western India Wednesday, and the crowds were enthralled. Above, Clinton with a child who had survived the quake.

---------------------------------------------------------------

1990

Ken Lay protege Jeffrey K. Skilling leaves his job as consultant with McKinsey & Co to run Enron Finance Corp, a division the company created just for him.

[sarcasm]

Daughter Chelsea is filling out her W-2 forms

Huh?

[kcvl]

Reed Hundt Senior Adviser, McKinsey & Co. ... Appointed by President Clinton (who he met at Yale Law School), Hundt served as Federal Communications

[kcvl]

Vin Gupta, Chairman and CEO of infoUSA and a major contributor to Clinton's election campaigns, Rajat Gupta, Managing Director of McKinsey & Co.

[kcvl]

Orin Kramer is General Partner of Kramer Speilman, L.P. managing private investment partnerships. Kramer was appointed by President Clinton to serve on the Commission to Study Capital Budgeting. He was also on the Advisory Commission on Financial Services and a coordinator of President-elect Clinton’s transition team on financial services issues.

He was a member of the financial institutions group at McKinsey & Co., associate director of the White House Domestic Policy Staff

[kcvl]

SATURDAY, AUGUST 7, 1999

President Clinton on Friday nominated Roger W. Ferguson, a Harvard-trained economist and lawyer, to be vice chairman of the Federal Reserve.

A former partner at the consulting firm of McKinsey & Co., Ferguson joined the board in November 1997. At McKinsey, Ferguson specialized in management of information-technology systems

[Fresh Wind]

So, Chelsea starts out on her career in the great tradition of the Clinton family. She is now an influence peddler.

[Miss Marple]

We need a chart. I daresay there were far more McKinsey people in the administration than oil people in BOTH Bush administrations!

[kcvl]

Using as his centerpiece the 1996 act's provisions to wire schools to the Internet, Reed Hundt, who is now a senior advisor for McKinsey & Co., recounts his FCC tenure as a battle against the Newt Gingrich-led Republicans to popularize the Clinton administration's telecommunications agenda while bringing educational technology to U.S. schools.

The result is an openly partisan book that accurately captures the politically polarized environment of the 1990s FCC. Likening the 1994 Republican takeover to a "Gingrich Death Star [that] filled the sky," Hundt writes that partisan political warfare "would prove to define the nature of my public service."

[leadpenny]

That caught my eye too. I wish I could fill out my own W-2 Form. I'd pay no taxes.

[kcvl]

I wonder why we NEVER heard of them?!