Bill Clinton | Bill Clinton's daughter pockets $300k for 6 Board meetings

The Daily Mail has revealed that Chelsea Clinton, daughter of ex-President Bill Clinton and politician Hillary Clinton, received $300,000 (£230,725.50) for attending only six Board meetings of the InterActiveCorp (IAC). On top of that, she now holds $6.3million (around £4million) worth of stock in the holding company which is run by family friend Barry Diller.

She was required to attend less than 10 meetings a year as one of the directors of IAC and has been to even fewer meetings of the Expedia Board, of which she is also a Director and received a total compensation of $302,880 (£232,987.41). Both companies are headed by Diller, a family friend and Senior Executive in the businesses, as well as Diane von Furstenberg, who is often seen with the Clinton family.

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Hillary Clinton ran for President in 2016 and often referred to her belief in breaking the glass ceiling for the girls of America, something which hasn’t been very hard for Chelsea, who has a combined stock portfolio of $6.7million (around £4.5million) in just those two companies. She is the by far the youngest board member, with nearly half a decade between her and Courtnee Chun, another director and ex-CFO of New Global Telecom.

It’s evident that nepotism is involved in the running of the two companies, with insane profits for family friends of Diller and von Furstenberg. They’ve gone on snorkelling and boating holidays with the Clintons, as well as to Broadway and several expensive dinners.