Booker Business Breaking Down

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Booker speaking May 4, 2012, at the third annual policy summit of the American Federation for Children, a right-wing committee headed by billionaire Republican Betsy DeVos, who wants to advance the privatization of public schools.

Booker speaking May 4, 2012, at the third annual policy summit of the American Federation for Children, a right-wing committee headed by billionaire Republican Betsy DeVos, who wants to advance the privatization of public schools.

The New York Post reports that according to “well-placed” sources, several high-up Waywire employees have been actively job searching, fueled by the fear that Newark Mayor Cory Booker’s Internet start-up is about to shut down.

Booker’s digital video website Waywire exhibited unsavory ethics when it appointed 15-year-old Andrew Zucker to the startup’s board, and the teenage son of CNN president Jeff Zucker quickly resigned once his involvement was revealed in news reports.

Booker’s ownership share in Waywire was reportedly worth between $1 million and $5 million, according a late filing released in advance of Tuesday’s Democratic primary election to replace the late Sen. Frank Lautenberg.

If Booker is elected to the U.S. Senate, its rules would prevent him from accepting speaking fees, from which he made $1.3 million over five years.

The typically parasitic Wall Street has been unusually generous to Booker, who has tapped high-tech billionaires, financial industry hedge-fund managers and Hollywood’s A-list for  political contributions and been given a large share in the company without having done any actual work.


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