Tue May 22, 2012, 08:45 AM
mucifer (8,505 posts)
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.
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37 replies, 5479 views
| Author | Time | Post | |
| mucifer | May 2012 | OP | |
| mikeytherat | May 2012 | #1 | |
| Carla in Sequim | May 2012 | #33 | |
| mikeytherat | May 2012 | #35 | |
| bemildred | May 2012 | #2 | |
| spartan61 | May 2012 | #3 | |
| mucifer | May 2012 | #4 | |
| Kennah | May 2012 | #31 | |
| trusty elf | May 2012 | #5 | |
| gratuitous | May 2012 | #6 | |
| dmr | May 2012 | #22 | |
| louis-t | May 2012 | #23 | |
| gratuitous | May 2012 | #24 | |
| deutsey | May 2012 | #7 | |
| CanonRay | May 2012 | #8 | |
| HereSince1628 | May 2012 | #9 | |
| LiberalFighter | May 2012 | #10 | |
| grantcart | May 2012 | #11 | |
| JCMach1 | May 2012 | #12 | |
| zeemike | May 2012 | #15 | |
| xxqqqzme | May 2012 | #29 | |
| nuxvomica | May 2012 | #13 | |
| cindyperry2010 | May 2012 | #14 | |
| NC_Nurse | May 2012 | #16 | |
| rocktivity | May 2012 | #17 | |
| Crowman1979 | May 2012 | #18 | |
| Enrique | May 2012 | #19 | |
| xtraxritical | May 2012 | #21 | |
| Coyote_Bandit | May 2012 | #20 | |
| Pab Sungenis | May 2012 | #25 | |
| yellowcanine | May 2012 | #26 | |
| Maeve | May 2012 | #27 | |
| calimary | May 2012 | #28 | |
| Canuckistanian | May 2012 | #30 | |
| CreekDog | May 2012 | #32 | |
| jmondine | May 2012 | #34 | |
| sulphurdunn | May 2012 | #36 | |
| Iggo | May 2012 | #37 |
Response to mucifer (Original post)
Tue May 22, 2012, 08:48 AM
mikeytherat (6,823 posts)
1. It's sad, so sad. It's a sad, sad situation.
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And it's getting more and more absurd.
mikey_the_rat |
Response to mikeytherat (Reply #1)
Wed May 23, 2012, 01:53 AM
Carla in Sequim (224 posts)
33. Oh, now I can't get that song out of my head
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I'm going to have to play it tomorrow. Ahhh, Elton & Ray. Love it!
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Response to Carla in Sequim (Reply #33)
Wed May 23, 2012, 05:59 AM
mikeytherat (6,823 posts)
35. Sorry
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seems to be the hardest word.
mikey_the_rat |
Response to mucifer (Original post)
Tue May 22, 2012, 08:49 AM
bemildred (67,518 posts)
2. He must be a lousy manager. nt
Response to mucifer (Original post)
Tue May 22, 2012, 08:55 AM
spartan61 (1,825 posts)
3. So will Calista leave the Newtster
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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."
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Response to spartan61 (Reply #3)
Tue May 22, 2012, 08:57 AM
mucifer (8,505 posts)
4. I think she has more money than him.
Response to mucifer (Reply #4)
Wed May 23, 2012, 12:13 AM
Kennah (6,749 posts)
31. In light of this story, that ain't saying much.
Response to mucifer (Original post)
trusty elf This message was hidden by Jury decision.
Response to mucifer (Original post)
Tue May 22, 2012, 08:59 AM
gratuitous (49,292 posts)
6. The Center for Health Transformation
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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. |
Response to gratuitous (Reply #6)
Tue May 22, 2012, 12:02 PM
dmr (25,778 posts)
22. Here you go:
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Acccording to Wiki:
http://en.wikipedia.org/wiki/Center_for_Health_Transformation Center for Health Transformation 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. Founding Charter Members A Charter Member membership 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 company’s 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 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 company’s strategy." Allscripts AT&T Barr Laboratories INTEGRIS Health Misys Center for Community Health Leadership UPS WellPoint, Inc Premier Members A Premier Member membership 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 Joseph’s 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. |
Response to dmr (Reply #22)
Tue May 22, 2012, 12:29 PM
louis-t (12,513 posts)
23. I recognize a few of the names as companies that are under investigation or
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have had recent legal problems involving some of their products. Quest and Novo Nordisk come to mind.
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Response to dmr (Reply #22)
Tue May 22, 2012, 12:43 PM
gratuitous (49,292 posts)
24. Isn't that interesting?
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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!
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Response to mucifer (Original post)
Tue May 22, 2012, 09:07 AM
deutsey (16,810 posts)
7. What did the five fingers of the invisible hand of the free market say to Newt's face?
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SSLLLAP!
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Response to mucifer (Original post)
Tue May 22, 2012, 09:18 AM
CanonRay (4,687 posts)
8. Maybe he can get a job as a janitor...
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and Callista can vacuum office floors at night.
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Response to mucifer (Original post)
Tue May 22, 2012, 09:18 AM
HereSince1628 (26,670 posts)
9. Dues payers "SPOOKED BY PUBLICITY PROSPECT", evidence that sunlight is a disinfectant? n/t
Response to mucifer (Original post)
Tue May 22, 2012, 09:21 AM
LiberalFighter (31,086 posts)
10. Another example of what happens when Republicans are in charge.
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Hey Tiffany. What have you done with Newt's line of credit?
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Response to mucifer (Original post)
Tue May 22, 2012, 09:30 AM
grantcart (38,759 posts)
11. Sometimes the invisible hand does get it right.
Response to grantcart (Reply #11)
Tue May 22, 2012, 09:33 AM
JCMach1 (21,233 posts)
12. methinks the 'not so invisible hand' has cut-off the money supply
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for trying to knee-cap Rmoney.
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Response to JCMach1 (Reply #12)
Tue May 22, 2012, 09:49 AM
zeemike (10,845 posts)
15. methinks you are right
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there is a price to be paid.
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Response to JCMach1 (Reply #12)
Tue May 22, 2012, 05:29 PM
xxqqqzme (13,434 posts)
29. Agree.
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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.
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Response to mucifer (Original post)
Tue May 22, 2012, 09:38 AM
nuxvomica (7,822 posts)
13. Times are tough
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When you can't even make money clipping rich people's toenails.
A song for Newt... |
Response to mucifer (Original post)
Tue May 22, 2012, 09:46 AM
cindyperry2010 (792 posts)
14. boo freaking who
Response to mucifer (Original post)
Tue May 22, 2012, 09:57 AM
NC_Nurse (11,616 posts)
16. So much for the "Republican Man of Big Ideas". If only this meant he
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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... |
Response to mucifer (Original post)
Tue May 22, 2012, 10:02 AM
rocktivity (36,633 posts)
17. Sounds like gig for the DU "Cry Me A River" String Quartet!
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rocktivity |
Response to mucifer (Original post)
Tue May 22, 2012, 10:25 AM
Crowman1979 (3,087 posts)
18. Couldn't have happened to a more deserving scumbag.
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Let's throw a pity party!
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Response to mucifer (Original post)
Tue May 22, 2012, 10:32 AM
Enrique (22,652 posts)
19. it's hard out here for a historian
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Response to Enrique (Reply #19)
Tue May 22, 2012, 11:21 AM
xtraxritical (3,025 posts)
21. Contract for America the sequel?
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Response to mucifer (Original post)
Tue May 22, 2012, 10:34 AM
Coyote_Bandit (6,668 posts)
20. I suspect
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there are some Tiffany diamonds yet to be liquidated.
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Response to mucifer (Original post)
Tue May 22, 2012, 01:21 PM
Pab Sungenis (8,930 posts)
25. The entire campaign was nothing more than one big book tour
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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. |
Response to mucifer (Original post)
Tue May 22, 2012, 01:50 PM
yellowcanine (24,444 posts)
26. Might be a good time for Callista to cut her losses.
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The Newtser would be cut because he is clearly a loser.
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Response to mucifer (Original post)
Tue May 22, 2012, 02:09 PM
Maeve (28,526 posts)
27. That makes me cry
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Well, actually, it makes me laugh so hard tears are running down my cheeks, but...
sometimes, there IS justice in the world! |
Response to mucifer (Original post)
Tue May 22, 2012, 02:20 PM
calimary (30,625 posts)
28. I'm so distraught...
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Garbage in, garbage out.
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Response to mucifer (Original post)
Tue May 22, 2012, 11:24 PM
Canuckistanian (42,218 posts)
30. Pay attention, Sarah Palin
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Grifters have an expiry date.
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Response to mucifer (Original post)
Wed May 23, 2012, 12:25 AM
CreekDog (37,148 posts)
32. That would match his public ventures
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Response to mucifer (Original post)
Wed May 23, 2012, 01:55 AM
jmondine (1,467 posts)
34. What happened? Did Romney take them over?
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Response to mucifer (Original post)
Wed May 23, 2012, 06:58 AM
sulphurdunn (3,511 posts)
36. It's off to be a FOX contributor.
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The graveyard of all infamous right-wing political grifters.
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Response to mucifer (Original post)
Wed May 23, 2012, 08:55 AM
Iggo (22,337 posts)

