Apparently, George Stephanopoulos signed a $105 million contract in 2014 with ABC News. The deal was expected to keep him on the network until 2021. The anchor and former White House aide is catching serious heat after allegations emerged about the massive donations he’s made to the Clinton Foundation over the years.
Here’s what you need to know:
1. Brian Williams’ Contract Was Worth $50 Million
The news of Stephanopoulos’ contract was first leaked by Page Six, makes the comparison between Stephanopoulos’ deal and the $50 million that Brian Williams is on over at NBC. A source told the New York Post that “ABC really has all their money on Stephanopoulos.” The anchor is taking seriously heat for not publicly disclosing the $75,000 that he has donated to the Clinton Foundation since 2011. Stephanopoulos admitted to his indiscretion on his highly rated-ABC show.
2. Estimates Before Stephanopoulos’ Contract Was Announced Has His Net Worth at $18 Million
3. In 2014, It Was Widely Reported That He Wanted Out of ABC
It was the New York Post who reported in July 2014 that Stephanopoulos was frustrated with his position at ABC, mainly down to the changes that were going on at the network. A source told the Post at the time “They can’t afford to lose George. He’s going to get a serious pay increase. He could easily up his salary to $12 million a year or more.”
4. During His White House Days, He Made a Paltry $125,000 Per Year
Stephanopoulos was Bill Clinton’s de-facto press secretary during Clinton’s first term as president. While there, he made $125,000 per year. That figure was widely reported in 1994, when he was awarded a massive loan of $835,000. The loan was secured through a banker named, Hugh McColl, whom Bill Clinton had earlier called “the most enlightened banker in America.” The scandal was first reported by columnist Jack Anderson. Not to mention Clinton’s relationship with McColl, the bank who gave the loan, through NationsBank, was regulated by Clinton friend Eugene Ludwig.
5. Rand Paul Is Boycotting His Show
Republican presidential candidate Rand Paul said through spokesman Sergio Gor that “Senator Paul believe that Stephanopoulos’ ties to the CLintons makes it impossible for him to be a fair reporter…He has avoided being on his program for over a year and will continue to do so.” Meanwhile, Democratic challenger Bernie Sanders said on CNN that Stephanopoulos “should have made [his donations] public,” but added that the scandal wasn’t “the biggest deal in the world.”