Posted on 10/09/2018 12:02:15 PM PDT by simpson96
She persisted—and it paid off.
Chelsea Clinton, the daughter of former President Bill Clinton and former Secretary of State Hillary Clinton, joined the board of IAC/InterActiveCorp ,the owner of a portfolio of internet brands, in September 2011. Her personal stake in IAC has swelled to more than $6.6 million as the stock has more than tripled in value in the past two years.
Since she joined the board of IAC (ticker: IAC), Clinton, the vice chair of the Clinton Foundation, has never purchased any IAC shares on the open market, according to regulatory filings with the Securities and Exchange Commission. As a director, each calendar year Clinton receives a $50,000 retainer and $250,000 in restricted stock units, or RSUs, which vest in installments and convert into shares. In her shortened first year, she received only a $12,500 retainer along with the full award of $250,000 in RSUs, according to an IAC filing.
She took the $12,500 retainer in cash, but since then Clinton has opted for a yearly retainer in $50,000 in share units, which represent the number of IAC shares that could have been purchased on the relevant date. When directors leave the board, they receive the shares represented by the share units.
As of Sept. 30, Clinton owned the equivalent of 31,182 IAC shares, which includes 25,964 actual shares and 5,218 share units, according to an Securities and Exchange Commission filing. Those shares are worth a total of $6.62 million, using Wednesday’s closing price of $212.31. In addition, Clinton also owns at least 1,641 RSUs.
The Clinton Foundation didn’t return a phone call seeking comment from Clinton.
(Excerpt) Read more at barrons.com ...
Her "real job" is as the vice chair of the Clinton Foundation. I'm sure she's worried about her productivity on that job and faces some searing annual reviews where she has to justify her position.
In addition to a generous salary from the non-profit, the Clinton Foundation job also allows her to use Foundation funds to pay for all her travel, hotels, restaurants, parties, office rent, health care, utilities - every single bill she has, I'm sure.
My new investment strategy: Invest in what the Clintons invest in; it’ll rigged for a big win.
Hey, that is WAY better than cattle futures so lovingly nourished and grown by her mother, all those years ago....
In October 1978, when Bill Clinton was Attorney General and on the verge of being elected Governor, Clinton opened a trading account, although James Blair, a friend, lawyer, and outside counsel to Tyson Foods made most of the trades.
By January 1979, Clinton was up $26,000; but later, she would lose $16,000 in a single trade. At one point she owed in excess of $100,000 to Robert L. “Red” Bone of Refco, a former Tyson executive and professional poker player, as part of covering losses, but no margin calls were made by Refco against her. Near the end of her trading, Blair correctly predicted a market downturn and sold short, giving her a $40,000 gain in one afternoon. In July 1979, once she became pregnant with Chelsea Clinton, “I lost my nerve for gambling [and] walked away from the table $100,000 ahead.”
Finagle and easy money. Is there ANY magic that the Clinton Crime Family cannot turn to their advantage?
This wealthy putz criminal should be in prison for being a Director of the clintoon criminal “foundation”.
Chelsea’s main contribution to date has been her role as the cure for priapism. Really, we should honor her for this.
LOL
Once Bill is gone so is his magic charisma. Chealsea will not fair well.
Once Bill is gone so is his magic charisma. Chealsea will not fair well.
Chelsea Who ?
My, what an accomplished young woman!! She’s a real example of girl power achievement!! She came out of college and got a job making $600,000 per year. Now she has a $6 million portfolio due to shrewd investment (she must get her investment insight from her mother!). Is there anything she can’t do???
$6 million sounds like a lot to me here in flyover country, but she will need a lot more than that to maintain her Manhattan apartment and lifestyle.
she could have done better had she invested in cattle futures, like her mom
Beat me to it. I was about to ask “Who”?
The "value" in the enterprise does not exist.
The investors are there simply to inflate the value of her shares.
She didn’t earn that cash...
Can you say insider trading? I just wonder how that happened. Probably the same way that Hillary made a bundle with her cattle futures or whatever.
On Sept 15, in a telephone call with then-Egyptian Foreign Minister Mohamed Amr, then-Secy Clinton emphatically portrayed the “stupid, very offensive film” as the root cause of the Benghazi violence.
“I have repeatedly, as has the President and other and murder of four Americans officials in our government, deplored not only the content of this stupid, very offensive film… But we have to exercise more self-discipline… otherwise we’ll be in a vicious downward circle against everyone who has ever felt offended, particularly on the internet….”
After referring to Benghazi, Secy Clinton’s telephone call with then-Egyptian Foreign Minister Mohamed Amr also contained a curious reference to what the former secretary referred to as a “very successful investment visit led by my deputy Tom Nides,and on the very day they left, this series of incidents began to unfold.”
According to the Washington Post, Nides, who was deputy secretary for management and resources at the State Department, was at the same time responsible for “communications with donors” to the Clinton Foundation.
Nides was also involved in the earlier scandal involving Clinton’s efforts to provide special access to State Department officials for hedge fund clients of her son-in-law, Marc Mezvinsky. (Excerpt) Read more at judicialwatch.org ...
By KENNETH P. VOGEL, Politico staff, 11/06/2016
Chelsea Clinton’s husband Marc Mezvinsky extended invitations to a Clinton Foundation poker event to rich Clinton supporters he was courting as investors in his hedge fund, and he also relied on a billionaire foundation donor to raise money for the fund, according to the WikiLeaks documents. They also assert that he had his wife Chelsea Clinton make calls to set up meetings with potential investors who support her family’s political and charitable endeavors.
The documents — a memo and an email — were written in late 2011 and early 2012, respectively, by ex-Clinton aide Doug Band. They were sent to family confidants including John Podesta, who is now serving as Hillary Clinton’s presidential campaign chairman, and Cheryl Mills, who was Clinton’s State Department chief of staff. They were hacked from Podesta’s Gmail account and made public Sunday in the latest batch of Podesta emails released by WikiLeaks.
At the time Band wrote them, Mezvinsky, who had been an investment banker at Goldman Sachs, was working with two partners to raise capital to launch a hedge fund of their own called Eaglevale Partners. The word among rich Clinton backers on Wall Street was that the family would look favorably on investments in Eaglevale, a major Manhattan investor told POLITICO. That sentiment seems to be corroborated by the newly released WikiLeaks, which could provide fodder for critics, including Clinton’s Republican rival Donald Trump, who argue that the Clintons have used their charitable foundation to try to enrich themselves. Band did not respond to requests for comment Sunday, nor did representatives for Chelsea Clinton or the Clinton Foundation, while an Eaglevale spokesman declined to comment or to make Mezvinsky available for comment.
THE PODESTA EMAILS----In a Jan. 2012 email to Podesta, Mills and current Virginia Gov. Terry McAuliffe, Band wrote that Mezvinsky invited “several potential investors” for his hedge fund “and a few current business ones” to a foundation poker night fundraiser he had been planning. “I assume all are contributing to the foundation, which of course isn't the point,” Band wrote. “The entire plan of his has been to use this for his business.” In the same email, Band — referring to Chelsea Clinton by her initials — wrote that Mezvinsky “has CVC making some calls for him to get mtgs with some clinton people.” And, in a Nov. 2011 memo released Sunday, Band wrote that major Clinton Foundation donor Marc Lasry was “assisting Marc Mezvinsky – Chelsea Clinton Mezvinsky’s husband – in raising money for his new fund.”
Lasry, who also employed Chelsea Clinton as a chemical industry analyst at his own hedge fund Avenue Capital Group from late 2006 until 2008, declined to comment. But Band, in his Jan. 2012 email, suggested that Mezvinsky needed to lean on his wealthy and well-connected in-laws because he wasn’t having much luck generating investor interest in his hedge fund on his own. “His raising money for his own fund hasn't been going well,” wrote Band, who at the time was engaged in something of a turf war with Chelsea Clinton. She had accused Band, who had worked closely for years with Bill Clinton at the foundation and on for-profit ventures, of using his foundation role to supplement his money-making ventures.
--SNIP--
SOURCE https://www.politico.com/story/2016/11/chelsea-clinton-foundation-marc-husband-230859
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