Mother Hillary Clinton could not win the election and make it to the White House. Marc Mezvinsky, husband, has shut down his hedge fund. What can Chelsea Clinton do? Expedia (NASDAQ:EXPE), the American business that owns and operates many global travel brands, has extended a helping hand by giving Chelsea a position in their board. To do this, Expedia even increased the number of their directors from 13 to 14. This was revealed in the security filings made by the company.
Billionaire Barry Diller, the Expedia Chairman, has 54 percent voting share in the business, and the clout to do this. According to analysts, Diller was just reprising the role he played in appointing Clinton to the board of IAC Interactive four years back. He is still the Chairman there.
The Clintons, of course, had a better future back then. It doesn’t look that good anymore, so Diller needs to be praised for showing loyalty to the family.
Chelsea to Draw a Fat Pay From Expedia
The filing, though, did not mention what the 37-year-old Chelsea’s responsibilities will be. It just said she will be rewarded “in accordance with the company’s standard compensation policies”. This is likely to be $295,000, which includes $250,000 in trade-restricted stock, and $45,000 cash retainer. Currently, Clinton is getting $249,936 in stock, and $50,000 cash, as a board member of the IAC.
A couple of years back, Clinton was titled “a million-dollar baby” for the meetings she attended in her various gigs. Faced with a backlash, she was virtually forced to give up a few of these stints, most notably the $600,000 salary she used to receive as a special NBC correspondent.
Will Chelsea Play a Role in the Missouri Vacation Rentals Battle
According to one report, Expedia (NASDAQ:EXPE) might use Chelsea in the Missouri case where Expedia is facing legislative wrangling. In the state, many currently favor regulating the vacation rentals business. Expedia has pressed hard into the Missouri House Bill 608, which is popularly known as “The Expedia Bill”. The bill claims to protect home rentals from being banned by cities in the state. But critics are saying that in reality, this bill will open the door to regulations that will increase the cost for homeowners who rent.
Clinton, though, is yet to make a comment on this.
The Missouri Lodging Association is supporting this bill. Their business is facing a threat because of the increased popularity of vacation home rentals. Realtors in the state are opposing it.