Wednesday, July 9, 2014

In the family way

If your family is named Clinton, it's all about the talk;
There is a new Clinton paid to deliver speeches — Chelsea, the former first daughter — and she is commanding as much as $75,000 per appearance.
Aides stressed that .... unlike her parents’ talks, Ms. Clinton’s speeches “are on behalf of the Clinton Foundation, and 100 percent of the fees are remitted directly to the foundation,” said her spokesman, Kamyl Bazbaz, adding that “the majority of Chelsea’s speeches are unpaid.” The Harry Walker Agency, the firm that represents her parents’ engagements, handles Ms. Clinton’s talks on behalf of the family foundation.
Which exempt from taxation.
The family speechmaking business is a lucrative one and has generated more than $100 million for her parents over the past decade as they hopscotched the globe. Their fees range from $200,000 to $700,000 per appearance, and Mr. Clinton alone earned $17 million last year giving speeches.
Thomas Piketty could not be reached for comment.

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