For Immediate Release
Sam Husseini, (202) 347-0020; or David Zupan, (541) 484-9167
The Clintons’ Paid-Speech Bonanza
WASHINGTON - ConsortiumNews.com reports: “With primary voting set to start next month, one of Hillary Clinton’s remaining hurdles is convincing Democratic voters that she is not beholden to Wall Street and other wealthy interests that have fattened her family’s bank account with tens of millions of dollars for paid speeches.” The news site features an exclusive investigation based on disclosure records.
ROBERT McCHESNEY, rwmcchesney at gmail.com
McChesney is professor in the department of communication at the University of Illinois. His most recent books are Dollarocracy: How the Money and Media Election Complex is Destroying America (with John Nichols) and Digital Disconnect: How Capitalism is Turning the Internet Against Democracy.
CHELSEA GILMOUR, cgilmour03 at gmail.com, @Consortiumnews
Gilmour is assistant editor at ConsortiumNews.com and just wrote the piece “The Clintons’ Paid-Speech Bonanza,” which states: “Clinton has left herself open to that charge by profiting off her government experience, racking up $11.8 million in 51 speaking fees in the 14-month period from January 2014 to May 2015 before she became an official candidate for President, according to disclosure records.
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“For speeches usually lasting between 30 minutes and one hour, Clinton was paid from $100,000 to $335,000, an average around $230,000. Many of her paid speeches were delivered to Wall Street, Big Pharma, Tech and other industries with interests in influencing government policies.
“Payments crossing the $300,000 mark came from Qualcomm Inc. ($335,000), the Biotechnology Industry Organization ($335,000), the National Automobile Dealers Association ($325,500), Cisco ($325,000), eBay ($315,000) and Nexenta Systems, Inc. ($300,000). Those amounts are each roughly equivalent to six times the typical American middle-class earnings in an entire year. …
“That nearly 38 percent of Hillary Clinton’s current personal wealth of approximately $31.3 million was accumulated during the brief period between her departure from the State Department and her run for the presidency underscores the extent to which she is a beneficiary of big-business’ financial largesse.”
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