Posted on 03/08/2003 1:49:31 AM PST by 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."
Although the White House had the final say, the selection of board members was mostly the work of Rossotti and then-Treasury Assistant Secretary for Management Nancy Killefer.
George Farr, a former director of McKinsey and Co. and a former vice chairman of American Express, who resigned recently to spend his time on a startup hedge fund and other business matters. Farr sees his strengths as focusing a company to provide quality customer service and strategic planning. He is also a director of three corporate boards and four nonprofit boards. Killefer was instrumental in his selection. Killefer worked with Farr when they were at McKinsey, where she was a director before coming to the Treasury Department; o Nancy Killefer nominated herself to serve on the board before leaving the Treasury Department (see "Killefer to Be Nominated to IRS Board," Tax Notes, Nov. 15, 1999, p. 848). She was the assistant secretary for management at Treasury and worked closely with Rossotti on IRS and budget issues. She is a director at McKinsey and Co.
Question 1: Estimate the number of manhole covers in New York. Divide by the number of Texans convicted of insider trading in 1987. Assess the global economic impact of the removal of the resulting number of manhole covers and their subsequent transfer to emerging markets with significant levels of interest rate volatility. Bonus points for solving Fermat's last theorem.
Question 2: Are you willing to die/trade your grandmother/spend an extended period of time in minimum security prison for McKinsey? (If yes, ignore question 1. Automatic offer.)
Question 3: Is your father a former U.S. President? (If yes, ignore question 1. Automatic offer.)
Question 4: Does at least 90% of your work wardrobe (if female) consist of Blass and Manolos? (If no, please explain.)
Question 5: With how many CEOs of potential client companies does your father play racquetball? (If none, please explain.)
'Business architect’ who helped build Stewart’s empire is — reluctantly — being thrust into the spotlight
October 7, 2002
Sharon Patrick first met Martha Stewart during a hiking trip to Tanzania that was organized by a mutual friend.
Patrick learned of the Lincoln Cottage through her 1998 appointment to the Committee to Save America's Treasures, a division of the National Trust for Historic Preservation. Her name was put forward by then-first lady Hillary Rodham Clinton, who knew Patrick from fund-raising events for the Democratic Party.
Federal Election Commission records show that Patrick has contributed $222,283 since 1996 to various candidates and political action committees, most linked to Democrats. (President Bill Clinton also named her to a committee charged with improving the nation's air traffic control system, a subject she had tackled before as a McKinsey & Co. consultant.)
Gramlich is a former acting director of the Congressional Budget Office and worked at the Federal Reserve. Ferguson, a partner and director of research and information systems at McKinsey & Co. in New York, holds three degrees from Harvard University.
"It's very secretive," the former recruiter said.
Sounds more like a secret society than an employer.
Didn't XXX42 and Crusty belong to some secret society when he was president? I think they went to some retreat on the Georgia coast his first year in the White House.
McKinsey & Co bears careful watching.
Neither is believable in Chelsea's case.
Notice there is no mention of her numbers, only the average, which I agree with you, she probably brings down.
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