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Tue Dec 4, 2012, 04:21 PM

Tea Party group pays out $8 million for Dick Armey to leave [View all]

Source: San Jose Mercury News

WASHINGTON (AP) — Eased out with an $8 million payout provided by an influential GOP fundraiser, former Republican House Majority Leader Dick Armey says he has left a conservative Tea Party group, FreedomWorks, because of an internal split over the group’s future direction.
A confidential contract obtained by The Associated Press shows that Armey agreed in September to resign from his role as chairman of Washington-based FreedomWorks in exchange for $8 million in consulting fees paid in annual $400,000 installments. Dated Sept. 24, the contract specifies that Armey would resign his position at both FreedomWorks and its sister organization, the FreedomWorks Foundation, by the end of November.
According to the contract, Armey’s consulting fees will be paid by Richard J. Stephenson, a prominent fundraiser and founder and chairman of the Cancer Treatment Centers of America, a national cancer treatment network. Stephenson is on the board of directors of FreedomWorks.
Armey’s departure comes as a new sign of acrimony in conservative and Republican ranks as the party’s bruised leadership struggles with its November electoral losses and uncertainty over how to recast its principles and issues to compete with an ascendant Democratic party.


Read more: http://www.mercurynews.com/politics-national/?third_party=tea-party-group-pays-out-8-million-to-departing-leader-ex-rep-dick-armey



Good riddance to bad rubbish. Hate to see Armey get rich this way, but at least it's $$ they won't be spending against us.

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Reply Tea Party group pays out $8 million for Dick Armey to leave [View all]
lastlib Dec 2012 OP
struggle4progress Dec 2012 #1
kelliekat44 Dec 2012 #34
bemildred Dec 2012 #2
JHB Dec 2012 #4
bemildred Dec 2012 #6
sarcasmo Dec 2012 #29
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KamaAina Dec 2012 #3
TheCowsCameHome Dec 2012 #5
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Berlum Dec 2012 #26
Dokkie Dec 2012 #33
cosmicone Dec 2012 #8
julian09 Dec 2012 #10
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OriginalGeek Dec 2012 #12
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blueclown Dec 2012 #30
ThoughtCriminal Dec 2012 #35