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Hillary Clinton And Irwin Jacobs Burn San Diegans

- August 7, 2015

Today, Hillary Clinton Is Set To Fundraise At The House Of Qualcomm Founder And Democrat Donor Irwin Jacobs. "The front-running Democratic candidate will be talking politics and feeding her campaign coffers at the La Jolla home of Joan and Irwin Jacobs." (Diane Bell, "Hillary Clinton To Campaign In San Diego," The San Diego Union Tribune , 7/22/15)

  • Jacobs Has Already Donated $50,000 To The Ready For Hillary Super Pac. The co-founder of Qualcomm and his wife, generous donors to Democratic causes, reportedly donated $50,000 to the pre-announcement 'Ready for Hillary' super PAC. (Diane Bell, "Hillary Clinton To Campaign In San Diego," The San Diego Union Tribune , 7/22/15)

In 2014, Jacobs Received The Leadership In The Private Sector Award From The Clinton Foundation. ( The Clinton Foundation , Accessed 8/6/15)

  • Jacobs Has Donated Anywhere From $100,001 To $250,000 To The Clinton Foundation. (The Clinton Foundation, Accessed 8/6/15)

QUALCOMM RECENTLY ANNOUNCED THAT IT WILL LAYOFF NEARLY 5,000 EMPLOYEES SOON AFTER PAYING CLINTON A $335K SPEAKING FEE

In October Of 2014, Qualcomm "Shelled Out $335,000 For Clinton To Speak." The blurred line between personal and political is apparent in the cases of companies that hired Clinton to speak and are connected to prominent backers of her campaign. Salesforce.com, for instance, paid Clinton $451,000 to deliver two talks last year, and its CEO, Marc Benioff, is a major donor toReady for Hillary, a super PAC that laid the groundwork for her presidential bid. Another major backer of the PAC is Irwin Jacobs, the former chairman of Qualcomm, which shelled out $335,000 for Clinton to speak in late October. (Matea Gold, Rosalind S. Helderman And Anu Narayanswamy, "Hillary Clinton Made $3.2 Million For The Tech Sector. Now She's Hitting It Up For Campaign Dollars.," The Washington Post , 5/18/15)

But Last Month, Qualcomm Announced That "It Would Slash Its Workforce Companywide By 15 Percent Over The Next Year - Or About 4,700 Jobs." After five years of fast revenue and earnings growth, Qualcomm has hit a wall. Its sales, earnings and stock price are lagging. It faces pricing investigations in Europe and elsewhere. Last week, the San Diego company said it would slash its workforce companywide by 15 percent over the next year - or about 4,700 jobs. It pledged to trim $1.4 billion in expenses by the end of the 2016 fiscal year. (Mike Freeman, "Qualcomm's Challenges Revive Talk Of Split," The San Diego Union Tribune , 7/26/15)

IT'S NOT THE FIRST TIME AMERICANS SUFFERED WHILE CLINTON GOT PAID

Clinton Went On A Nationwide College Tour Collecting Thousands For Speeches While Tuitions Went Up

Clinton Received Six-Figure Speaking Fees At Public Universities "Sparking A Backlash From Some Student Groups And Teachers At A Time Of Austerity In Higher Education." "At least eight universities, including four public institutions, have paid hundreds of thousands of dollars for Hillary Rodham Clinton to speak on their campuses over the past year, sparking a backlash from some student groups and teachers at a time of austerity in higher education." (Philip Rucker and Rosalind S. Helderman, "At Time Of Austerity, 8 Universities Spent Top Dollar On Hillary Rodham Clinton Speeches," The Washington Post , 7/2/14)

"Clinton's Acceptance Of High Fees For University Visits Has Drawn Particularly Sharp Criticism, With Some Students And Academic Officials Saying The Expenditures Are A Poor Use Of Funds At A Time Of Steep Tuition Hikes And Budget Cuts Across Higher Education." "But Clinton's acceptance of high fees for university visits has drawn particularly sharp criticism, with some students and academic officials saying the expenditures are a poor use of funds at a time of steep tuition hikes and budget cuts across higher education." (Philip Rucker and Rosalind S. Helderman, "At Time Of Austerity, 8 Universities Spent Top Dollar On Hillary Rodham Clinton Speeches," The Washington Post , 7/2/14)


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