Chris Christie Works for Free as Director of NY Mets
Former New Jersey Governor Chris Christie's financial disclosure reveals that while he earned $2.4 million from his law practice and consulting firm, his role as a director for the struggling New York Mets baseball team was unpaid. Christie joined the team's board in March 2021, shortly after hedge fund manager Steve Cohen purchased the team for $2.4 billion. Despite having the highest payroll in Major League Baseball, the Mets failed to make the playoffs. Cohen had previously donated $3 million to a super political action committee supporting Christie's 2016 presidential campaign, but has not supported his current White House run. Christie's financial disclosure also shows earnings from his role as a senior legal and political commentator for ABC News, as well as income from corporate board positions and speaking fees. The disclosure does not specify the organizations that paid him for speaking engagements. Christie's financial portfolio includes investments in various funds managed by Goldman Sachs and equity stakes in technology companies like Apple and Microsoft, among others.
Chris Christie's Unpaid Role: A Strategic Move or a Misstep?
In the world of business, every decision can have far-reaching implications. This is especially true for new businesses trying to establish themselves in a competitive market. The recent revelation that former New Jersey Governor Chris Christie is working as a director for the New York Mets without any monetary compensation raises some intriguing questions.
Valuing Experience over Immediate Compensation
Christie's decision to work for free could be seen as a strategic move. By aligning himself with a high-profile team like the Mets, he may be leveraging the role for networking opportunities, brand visibility, or future prospects. This could be a valuable lesson for new businesses - sometimes, the value of experience and exposure can outweigh immediate financial gain.
Financial Sustainability and Business Ethics
However, there's another side to this coin. The fact that the Mets, despite having the highest payroll in Major League Baseball, did not offer compensation for a director's role could raise questions about financial sustainability and business ethics. New businesses must ensure fair compensation for all roles to maintain a motivated workforce and uphold ethical standards.