Mitt Romney Rejoins Board Of Directors At Marriott International
Former GOP presidential nominee Mitt Romney is headed back to work at Marriott International, rejoining the board of directors for a third time, the company announced on Monday.
"We are delighted that Gov. Romney has agreed to rejoin our board, on which he has served with distinction twice before," J.W. Marriott, Jr., the company's executive chairman, said in a statement. "We will benefit from his tremendous energy and capability to guide long-term success in an increasingly complex business environment. We look forward to working closely with him again as a member of our strong, talented and diverse board."
Romney addressed the move, which comes less than a month after his loss to President Barack Obama, in a statement.
"It is an honor to once again be able to serve in the company of leaders like Bill Marriott and Arne Sorenson and to support the work of the tens of thousands of Marriott associates who make Marriott International the renowned success that it is," he said.
Romney previously served on the board of Marriott International from 1993 until 2002, when he left to mount a successful run for Massachusetts governor. He rejoined the company after an unsuccessful presidential campaign in 2008, again serving on the board from January 2009 to January 2011, when he stepped down in order to mount a second White House campaign.
Marriott Board members make about $175,000 a year for four days of meetings and any other time on Marriott work outside of these meetings.
If that were their ONLY earned income they would see no change in their income tax under the Obama Administration's current tax proposals.
However, if they have a day job that earns them more than $250,000, then this $175,000 moonlighting gig at Marriott would incur an additional $8,000 in taxes should rates rise from the current 35% to the Administration's proposed 2001 tax rate of 39.5%.
You can see how increased taxes would cause them to just say "Fuck it, I'm not going to do the extra work and make that extra money if I'm going to lose $8,000!"
I can only think of one word, after reading this story:
If the Freepers can do it, then so can I.