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 ...
"It is frustrating, because who wants to grow up and follow their parents? Clinton said of her work at the foundation. "I've tried really hard to care about things that were very different from my parents. I was curious if I could care about [money] on some fundamental level, and I couldn't. That wasn't the metric of success I wanted in my life. I've talked about this to my friends who are doctors and whose parents are doctors, or who are lawyers and their parents are lawyers. It's a funny thing to realise I feel called to this work both as a daughter and also as someone who believes I have contributions to make." Chelsea Clinton
And now she’s worth $6 Million she doesn’t have to worry about money.
What a coincidence.
Politicians and their children never ever get rich....after demonstrating absolutely no talent in the fields of business or science.
Wonder how that happened?
“I’ve talked about this to my friends who are doctors and whose parents are doctors, or who are lawyers and their parents are lawyers.”
—
She sounds like a 12 year old.
.
She can now well afford that plastic surgery so she doesn’t resemble Daddy Webb
she has her mother’s pension for insider trading...
but i believe she is clueless as to the inappropriateness to which she has made money... she just thinks this is what happens, and if you are a clinton, it does.
Chelsea tried to care about money. She just couldn’t.
I shake my head at those who still believe in the Clinton gang.
I would make a put against IAC. It’s going down.
Its a backdoor bribe to her parents.
Boy oh boy...don’t the clinton women have great “luck” on the Stock Market”?
It’s amazing.
/s
Let’s be honest here. Has Chelsea Clinton ever had, you know, a real job?
I mean a job that was handed to her because of the connection to her parents? You know, a job she actually had to interview and compete for based upon her experience, value, and talent? Has Chelsea Clinton ever, in her young life, worked a minimum wage job, or even an entry level job?
The old adage that Chelsea was born on third base and thinks she hit a triple applies here. Chelsea is a product of the swamp and doesn’t possess the self awareness to understand this.
Just two words for you, Chelsea: CATTLE FUTURES.
Crime pays.
I bought 500 shares back on 4/18/2016, at $46.68, as part of a portfolio buy, and have done quite nicely with it.
I wonder if the NYTimes will do a story about how her parents gave her more money than she was admitting and used fraud and access to powerful people to increase her wealth
Chelsea Clinton, the daughter of convicted Arkansas lawyer Webster Hubbell and former Secretary of State Hillary Clinton ...
There, fixed it for you.
Talk about white privileges. The elite political privilege bears that.
How strange and wonderful that money somehow travels at warp speed into the Clintons’ bank accounts.
Did her husband use the money he lost for other people to invest in the stock for her?
Partner, there’s somethings that even money can’t fix.
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