Tag Archives: salary

Trump Donates His Presidential Salary to the Park Service While Pushing Cuts That Would Harm It

by Kurt25M364900224 Posted on April 3, 2017

Mother Jones

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Donald Trump is donating the first three months of his presidential salary to the National Park Service, White House Press Secretary Sean Spicer announced on Monday. “The Park Service has cared for our parks since 1916,” Spicer said in handing over a check for $78,333 to Secretary of the Interior Ryan Zinke, “and the president is personally proud to contribute the first quarter of his salary to the important mission of the Park Service, which is preserving our country’s national security.”

It was unclear if Spicer misspoke by mentioning national security, and Zinke emphasized the donation would help cover $229 million of deferred maintenance on the nation’s 25 national battlefields. “As a veteran myself, I want to say I am thrilled at the President’s decision to donate the check he did today,” he said. “We’re excited about that opportunity.”

Last month, Trump proposed slashing spending at the Department of Interior by $1.5 billion, 12 percent of the budget at the Park Service’s parent agency. Advocates have warned that the cuts would harm acquisition and preservation programs. The check presented today would make up just .005 percent of the cuts.

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Trump Donates His Presidential Salary to the Park Service While Pushing Cuts That Would Harm It

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Here’s the Secret of Being a Highly-Paid CEO: Have a Friend Set Your Salary

by MatildaPimentel Posted on March 14, 2016

Mother Jones

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What’s the secret to being a highly-paid CEO of a Fortune 500 company? Sales growth? Earnings growth? Impressive return to shareholders? Visionary leadership?

According to a new study from Institutional Shareholder Services the real key is simpler: set your own pay. Or better yet, have a friend set it. According to ISS, in companies that have an insider as chairman of the board, CEOs earned a little over $15 million during the past three years. But in companies with an independent outsider as chairman, CEOs made only $11 million.

Did anything else matter? Revenue did: bigger companies pay their CEOs more. But that was it. Shareholder return was insignificant, as were several other variables. Bottom line: if you want a big payday, run a big company and make sure an insider is setting your pay.

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Here’s the Secret of Being a Highly-Paid CEO: Have a Friend Set Your Salary

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Rick Perry Is on the Payroll of His Super-PAC’s Biggest Sugar Daddy

by DelphiaHopwood Posted on July 13, 2015

Mother Jones

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Rick Perry’s fundraising for his second presidential campaign is off to a tepid start. Last week, his campaign announced a $1.07 million haul since Perry officially declared his candidacy at the beginning of June. Though he entered the race later than some of the other GOP candidates, that’s far lower than the amounts raised by some of his rivals including Jeb Bush, Ted Cruz, and Ben Carson.

Things were a bit better for Perry on the super PAC front, where a trio of interlocking groups supporting his campaign claimed $16.8 million in donations, according to CNN. The largest donor to this outside spending effort is the billionaire owner of a Texas pipeline company that also happens to write Rick Perry’s paycheck.

As Mother Jones reported last month, Perry is still sitting on the corporate board of Energy Transfer Partners, even after making his presidential campaign official. Perry had joined the board of the oil and natural gas pipeline company in early February, shortly after leaving the Texas governor’s office. Politicians typically step down from such jobs before launching a presidential bid to avoid any appearance of a conflict of interest, but Perry’s kept his board spot while hitting the campaign trail. While the company isn’t willing to disclose his salary for the board spot, past Securities and Exchange Commission records show that the job has recently come with about $50,000 in compensation.

But Energy Transfer Partners’ CEO Kelcy Warren is putting far more money into Perry’s presidential ambitions. According to CNN, Warren accounts for $6 million of Perry’s super PAC donations to date. Warren—worth $6.7 billion according to Forbes—chipped in just $250,000 to the pro-Perry super PAC in 2012, but he is clearly more invested in Perry’s second campaign. In addition to ponying up the most money for the super PAC’s, Warren is working for the official campaign as its finance chairman.

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Rick Perry Is on the Payroll of His Super-PAC’s Biggest Sugar Daddy

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