Gingrich's private ventures are going bankrupt
Source: Reuters
By Marcus Stern
Tue May 22, 2012 8:08am EDT
(Reuters) - ATLANTA - When he entered the race for the Republican presidential nomination in May 2011, Newt Gingrich was the prosperous head of a small empire commonly known as Newt Inc, which included both for-profit consultancies and nonprofit foundations.
Altogether, these entwined ventures pulled in more than $110 million over the past decade. Now the vestiges of this empire are mired in debt, as is Gingrich's campaign fund.
A bankruptcy proceeding under way in Atlanta will determine whether the one company still owned by Callista Gingrich, Gingrich Productions, will lose an expected payout that now constitutes the bulk of the Gingriches' net worth.
The bankrupt corporation is the Center for Health Transformation, whose revenues came from the hefty dues paid by corporations for assistance in formulating and promoting certain healthcare policies.
Read more: http://www.reuters.com/article/2012/05/22/us-usa-campaign-gingrich-idUSBRE84L0G620120522
Soooo sad.
mikeytherat
(6,829 posts)And it's getting more and more absurd.
mikey_the_rat
Carla in Sequim
(228 posts)I'm going to have to play it tomorrow. Ahhh, Elton & Ray. Love it!
mikeytherat
(6,829 posts)seems to be the hardest word.
mikey_the_rat
bemildred
(90,061 posts)spartan61
(2,091 posts)when he can no longer afford to keep her in the style she has grown accustomed to? Certainly she isn't in it for the "Love of Newt."
mucifer
(23,530 posts)Kennah
(14,256 posts)Response to mucifer (Original post)
Post removed
gratuitous
(82,849 posts)Its "revenues come from the hefty dues paid by corporations for assistance in formulating and promoting certain healthcare policies."
Anyone know just which corporations are paying just how much for this doubtlessly invaluable assistance in promoting just what healthcare policies? My guess is they're busily transforming the public health for the worse.
dmr
(28,347 posts)Acccording to Wiki:
http://en.wikipedia.org/wiki/Center_for_Health_Transformation
Center for Health Transformation
From Wikipedia, the free encyclopedia
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The Center for Health Transformation is an American think tank and consultancy founded by Newt Gingrich in 2003.[1] In exchange for yearly dues of up to $200,000, the Center offered health-insurance companies, pharmaceutical companies, and other clients direct access to Gingrich as well as other perks.[2] Through 2011, the Center had brought in revenue of at least $37 million from industry groups, but in April 2012 the Center filed for Chapter 7 bankruptcy, planning to liquidate its assets to meet debts of $1$10 million.
http://www.sourcewatch.org/index.php?title=Center_for_Health_Transformation#Members
Members
The Center's "unparalleled network includes the highest opinion leaders and decision makers in the public and private sectors, top hospitals and health systems, disease advocacy groups, professional and industry associations, and leading research institutions," its website states.[3]
Founding Charter Members
A Charter Member membership[5] is "Open to any organization that pays the annual Charter membership fee" and entitles the member to, among other things, "Quarterly planning sessions for Charter members only"; "Invitation to Charter Member only retreats, summits and special events"; "Invitation to participate on the CHT Advisory Board Invitation for five (5) attendees at all CHT member meetings"; "Invitations to serve on panels"; and "Access to Newt Gingrich on your companys strategy."
AstraZeneca
BlueCross BlueShield Association
Booz Allen Hamilton
Cancer Treatment Centers of America
DaimlerChrysler
Ford Motor Company
Gallup Organization
GE Healthcare
General Motors Corporation
GlaxoSmithKline
Healthways
MedImpact
Novo Nordisk
Sanford
SHPS
Siemens
Sutter Health
UnitedHealth Group
ValueOptions
Platinum Members
A Platinum Member membership[5] is "Open to any organization that pays the annual Platinum membership fee" and entitles the member to, among other things, "Invitation for three (3) attendees at all CHT member meetings" and "Limited access to Newt Gingrich on your companys strategy."
Allscripts
AT&T
Barr Laboratories
INTEGRIS Health
Misys Center for Community Health Leadership
UPS
WellPoint, Inc
Premier Members
A Premier Member membership[5] is "Open to any organization that pays the annual Premier membership fee" and entitles the member to, among other things, "Invitation for two (2) attendees at all CHT member meetings Invitation(s) to participate in public panels" and "Participation in advisory groups and creating white papers that go to highest levels". No access to Newt Gingrich is mentioned.
American Academy of Family Physicians (AAFP)
American Hospital Association (AHA)
American Medical Group Association (AMGA)
America's Health Insurance Plans (AHIP)
Amylin Pharmaceuticals
Arcapita
College of Healthcare Information Management Executives (CHIME)
Covisint
D2Hawkeye
deCode genetics
Emageon
Georgia Hospital Association (GHA)
HealthTrio
Hospital Corporation of America (HCA)
Inland Northwest Health Services (INHS)
Intermountain Healthcare
Johnson & Johnson Health Care Systems Inc.
Kelly Services
MedAssets
Medical Justice Services, Inc.
MinuteClinic
Piedmont Healthcare
Quest Diagnostics
Quovadx, Inc.
Saint Josephs Hospital
sanofi-aventis
SAP America
Sheridan Healthcare
Society for Neuroscience
TelaDoc
United Cerebral Palsy
WellStar
Wyeth Pharmaceuticals
You Take Control, Inc
Personally, I wouldn't give him 2 cents.
louis-t
(23,292 posts)have had recent legal problems involving some of their products. Quest and Novo Nordisk come to mind.
gratuitous
(82,849 posts)Quite a number of rogues in that gallery, all of them clamoring for "access" to the deathless pronouncements of Prof. Gingrich. Thanks for the information, dmr!
deutsey
(20,166 posts)SSLLLAP!
CanonRay
(14,101 posts)and Callista can vacuum office floors at night.
HereSince1628
(36,063 posts)LiberalFighter
(50,888 posts)Hey Tiffany. What have you done with Newt's line of credit?
grantcart
(53,061 posts)JCMach1
(27,556 posts)for trying to knee-cap Rmoney.
zeemike
(18,998 posts)there is a price to be paid.
His scorched earth campaign has shuttered the usual check dispensing avenues for 'washed ups' and 'never gonna bes'. No faux nuz, no think tanks. He is toxic.
nuxvomica
(12,421 posts)When you can't even make money clipping rich people's toenails.
A song for Newt...
cindyperry2010
(846 posts)NC_Nurse
(11,646 posts)would go away, but alas, I'm sure he will rear his ugly head again...
Still, it makes me smile to think of his toadness and his queen having to actually work for a living...at least for a while...
rocktivity
(44,576 posts)rocktivity
Crowman1979
(3,844 posts)Let's throw a pity party!
Enrique
(27,461 posts)xtraxritical
(3,576 posts)Coyote_Bandit
(6,783 posts)there are some Tiffany diamonds yet to be liquidated.
Pab Sungenis
(9,612 posts)funded by donors with the goal of selling books and videos, not getting votes. Rachel Maddow has touched on this a number of times.
That's why Newt ran; he needed to boost income to his business.
yellowcanine
(35,699 posts)The Newtser would be cut because he is clearly a loser.
Maeve
(42,279 posts)Well, actually, it makes me laugh so hard tears are running down my cheeks, but...
sometimes, there IS justice in the world!
calimary
(81,220 posts)Garbage in, garbage out.
Canuckistanian
(42,290 posts)Grifters have an expiry date.
CreekDog
(46,192 posts)jmondine
(1,649 posts)sulphurdunn
(6,891 posts)The graveyard of all infamous right-wing political grifters.