It sure is good to be Chelsea Clinton these days. With zero experience she was named to a lucrative corporate board seat by one of Hillary’s good friends and major donors in 2011.
And she has been ringing the cash register every year since. Chelsea has been a director at IAC since 2011 and her total haul (with a roaring stock market) for showing up to a few meetings a year is a staggering $9million smackers.
Believe me, you could never get one of these deals.
Chelsea’s deal was even better than Hunter Biden’s as she made an annual $50,000 retainer and $250,000 in restricted IAC stock units, or RSUs.
Surging IAC/InterActiveCorp stock has left the S&P 500 in the dust in recent years, benefiting its shareholders, including board member Chelsea Clinton.
Shares of IAC (ticker: IACI), which owns investments in a number of internet brands, have rocketed in the past three years. IAC stock’s rise of 89%, 50%, and 36% in 2017, 2018, and 2019, respectively, far outstrip the S&P 500’s 19% rise, 6% drop, and 29% gain in those respective years.
Clinton, who has been an IAC director since 2011, receives an annual $50,000 retainer and $250,000 in restricted IAC stock units, or RSUs. As of Dec. 31, she owned the equivalent of 35,242 IAC shares, consisting of 29,843 shares and 5,399 share units under a deferred-compensation plan, according to a form she filed with the Securities and Exchange Commission. Share units convert to stock when an IAC director leaves the board.
The value of Clinton’s stake has surged along with the stock. Her IAC shares were valued at $8.95 million as of Friday’s close at $253.91. That is up from $7.2 million in June, and up from $6.6 million in October 2018.
The Clinton Foundation, of which Clinton is vice chairwoman, didn’t respond to a request to make her available for comment.
Barry Diller and Diane von Furstenberg own IAC and they are huge Hillary donors giving over $816K the last time Hillary ran for office.
From The Daily Wire:
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.