The Ruling Class takes care of its progeny. Chelsea Clinton, whose job experience includes a number of short-lived gigs at prestigious and lucrative employers (NBC News, McKinsey & Co, for example) has found yet another very, very part-time...
Chelsea gets one-percenter income for a few board meetings a year
Mama Hillary Clinton didn’t make it to the White House, and hubby Marc Mezvinsky has just shuttered his hedge fund.What’s a girl to do?Expedia answered that question for Chelsea Clinton Friday by appointing her to its board.The online travel giant had to increase the number of its directors from 13 to 14 in order to accommodate Clinton, according to securities filings.But with 54 percent of its voting shares, Expedia’s chairman — billionaire Barry Diller — has the clout to do it.
"This offers cold comfort to millions of college students saddled with massive debt and workers confronting the prospect of dead-end, low-wage and part-time jobs. The economic legacy of the Obama administration has been a bonanza for Wall Street, with huge income gains for the top 1 percent and falling and stagnating wages for the vast majority. The main beneficiaries have been wealthy individuals like Chelsea Clinton herself, who is married to a hedge fund manager."