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Corporate career of Hillary Clinton
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Corporate career of Hillary Clinton
From the mid-1980s until 1992, Hillary Clinton served on the boards of directors of several companies. At the time she served on these boards, Clinton was the first lady of Arkansas (with her husband Bill Clinton serving as the state's governor) and was also a partner at the Rose Law Firm.
From 1986 until 1992, Clinton served on the corporate board of directors of Wal-Mart, an Arkansas-based company that was also a client of Rose Law, where Clinton was a partner. Wal-Mart was the largest discount retail chain in the United States.
Clinton was the first female member on Wal-Mart's board, added following pressure on chairman Sam Walton to name a woman to it. The board's size was expanded in order to accommodate Clinton's addition to it.
On the board, Clinton pushed successfully for Wal-Mart to adopt more environmentally friendly practices. Clinton also pushed the company to avoid discrimination against minorities and women. She was largely unsuccessful in her campaign for more women to be added to the company's management and was silent about the company's famously anti-labor union practices. According to Dan Kaufman, awareness of her silence on the company's anti-union practices later was a factor in her loss of credibility with organized labor, contributing to her later loss in the 2016 United States presidential election, in which slightly under half of union members voted for her Republican opponent, Donald Trump.
In 1991, Clinton reported earning $60,700 from her position on the board, more than a quarter of her and her husband's $235,000 in income reported that year.
Clinton served on the corporate board of directors of yogurt manufacturer TCBY from 1985 until 1992. Like Wal-Mart, TCYB was an Arkansas-based company that was also a client of Rose Law, where Clinton was a partner.
In 1992, Erik Wulff, who had previously been the company's vice president speculated that the company's chairman, Frank Hickingbotham, had political motivations in inviting Clinton to join its board, speculating that Hickingbotham was, "making sure he was in good grace with the people in power." However, Wulff also described Clinton as being an intelligent and conscientious director.
From 1990 until 1992, Clinton served on the corporate board of directors of Lafarge. Clinton earned an annual salary of $31,000 from her position on the board of the cement manufacturer. Based in Virginia, the company did not do business in the state of Arkansas. Clinton was the board's first female director. In 1992, board member Edward Tuck claimed that he had decided to recommend Clinton for a position on its board after being impressed with nonprofit work Clinton had done related to children's matters.
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Corporate career of Hillary Clinton
From the mid-1980s until 1992, Hillary Clinton served on the boards of directors of several companies. At the time she served on these boards, Clinton was the first lady of Arkansas (with her husband Bill Clinton serving as the state's governor) and was also a partner at the Rose Law Firm.
From 1986 until 1992, Clinton served on the corporate board of directors of Wal-Mart, an Arkansas-based company that was also a client of Rose Law, where Clinton was a partner. Wal-Mart was the largest discount retail chain in the United States.
Clinton was the first female member on Wal-Mart's board, added following pressure on chairman Sam Walton to name a woman to it. The board's size was expanded in order to accommodate Clinton's addition to it.
On the board, Clinton pushed successfully for Wal-Mart to adopt more environmentally friendly practices. Clinton also pushed the company to avoid discrimination against minorities and women. She was largely unsuccessful in her campaign for more women to be added to the company's management and was silent about the company's famously anti-labor union practices. According to Dan Kaufman, awareness of her silence on the company's anti-union practices later was a factor in her loss of credibility with organized labor, contributing to her later loss in the 2016 United States presidential election, in which slightly under half of union members voted for her Republican opponent, Donald Trump.
In 1991, Clinton reported earning $60,700 from her position on the board, more than a quarter of her and her husband's $235,000 in income reported that year.
Clinton served on the corporate board of directors of yogurt manufacturer TCBY from 1985 until 1992. Like Wal-Mart, TCYB was an Arkansas-based company that was also a client of Rose Law, where Clinton was a partner.
In 1992, Erik Wulff, who had previously been the company's vice president speculated that the company's chairman, Frank Hickingbotham, had political motivations in inviting Clinton to join its board, speculating that Hickingbotham was, "making sure he was in good grace with the people in power." However, Wulff also described Clinton as being an intelligent and conscientious director.
From 1990 until 1992, Clinton served on the corporate board of directors of Lafarge. Clinton earned an annual salary of $31,000 from her position on the board of the cement manufacturer. Based in Virginia, the company did not do business in the state of Arkansas. Clinton was the board's first female director. In 1992, board member Edward Tuck claimed that he had decided to recommend Clinton for a position on its board after being impressed with nonprofit work Clinton had done related to children's matters.