Sunday, September 25, 2016

No chief executive at Fortune 100 has donated to Trump

No chief executives at Fortune 100 companies have donated to Donald Trump’s presidential campaign.

 In comparison, Democratic nominee Hillary Clinton has received twice as many donations from Fortune 100 execs than President Obama did in 2012, according to the Journal. Just last month, Clinton received checks for $2,700 from Apple’s Tim Cook, American Airlines’ Doug Parker, and Nike’s  Mark Parker. Individuals are capped at donating $5,400 to a candidate.

 The Journal reports that the 11 CEOs that back Clinton have donated more than $30,000 to her campaign. The financial loss for Trump’s campaign is modest, but garnering support from top executives is often a goal for Hillary Clinton, as it gives off the impression to voters that  she is competent, especially on economic issues, according to the Journal.

 According to public records, Clinton gave 92 speeches between 2013 and 2015. Her standard fee is $225,000, and she collected $21.6 million dollars in just under two years. Clinton made 8 speeches to big banks, netting $1.8 million, according to a CNN analysis.

 There is nothing illegal or unethical about former Secretaries of State earning money on the speaking circuit. The standard fee and her demands are outlined in a memo from the Harry Walker Agency in New York. According to the memo, Clinton requires travel by private jet, and even specifies that she prefers a Gulfstream 450 or larger. Her staff requires first class and business class tickets. And two members of her staff require up to three days on site to prepare, with all local transportation and meals included.

The memo states Clinton should be booked into a presidential suite with up to three separate rooms attached. Clinton also requires a flat fee of $1,000 to pay for an onsite stenographer to record everything she says. However, Clinton is not required to provide the host with a copy, according to the memo.

Costs associated with her demands are on top of her speaking fee.

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