It’s good to be Chelsea Clinton. The crowned princess of the Clinton Clan just has to show up a few times and get handed buckets of money.
This participation-trophy career has recently netted the only daughter of Bill and Hillary Clinton a staggering $300,000 for attending six meetings while a board member of “leading media and Internet company” IAC. The Daily Mail reported Thursday on records it had obtained showing Clinton was paid a little more than $600,000 in 2018 as director for IAC and Expedia’s boards.
“The IAC board met just six times in 2018, while some members of the Expedia board were only obligated to attend two meetings last year,” the Mail reported.
In addition to the lavish compensation, Clinton “will soon own just over $400,000 of Expedia stock and shares in IAC that add up to an astonishing $6.3 million, based on those companies trading prices when the market opened Friday,” the Mail reported.
The $302,880 amount Clinton received from Expedia was the result of a $52,953 cash fee and $249,927 from stocks, which the Mail reports is the amount each member of the board was awarded. Clinton, as the Mail noted, is the youngest member of the board and unlike the next youngest member, 43-year-old Courtnee Chun, she really has no business experience warranting her position. Chun was previously the Chief Financial Officer at New Global Telecom, Inc. and worked for J.P. Morgan’s mergers and acquisitions department, the Mail reported.
IAC and Expedia are both led by Clinton family friend Barry Diller.
While each board member received the same stock awards, Chun was paid less in cash fees ($45,000) than Clinton. Clinton was named to the board when she was just 31 years old.
This is not the first time Clinton has received an egregious amount of money for very little work. In 2014, Politico reported that the Clinton daughter was paid $600,000 for a few appearances on NBC as a “special correspondent.” She lacked any experience or talent for being an on-air personality, yet she was still paid as though she was top talent. Clinton left that job a few months after the report came out to work for her parents’ foundation.
In 2015, after the University of Missouri at Kansas City decided not to pay Hillary Clinton $275,000 to speak, Chelsea was brought in at the “bargain” rate of $65,000. For those wondering, that’s more than Tina Brown or Gloria Steinem are paid to speak to colleges.
That $65,000 was for a 10-minute speech, a 20-minute question-and-answer session, and an additional 30 minutes of posing for pictures with “VIPs.”
As the Mail further reported, Clinton’s combined stock from IAC and Expedia totals about $6.7 million in stock. This plum appointment, and the stock that comes with it, has been Clinton’s “most profitable endeavor,” the Mail reported.
Must be nice to have a famous family and famous family friends that can put you in positions to make thousands of times more than the average American with no qualifications or experience.