Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: KLP who wrote (238982)	2/17/2008 2:24:22 AM
From: John Carragher	Read Replies (1) \| Respond to of 793957

Bankrolling America’s Top Lobby aarp this report is dated 1999 While AARP’s massive spending agenda represents its public-sector interests, the group also has a stake in private business operations. Unlike similar organizations, AARP is not entirely dependent on membership dues. Instead, AARP derives a significant portion of its income through partnerships with the Prudential Insurance Company, car rental agencies, and mail-order pharmaceutical firms, among others. In 1997 alone, royalty income from such sales amounted to $529 million.5 Owing to this income stream, AARP can afford to pay its staff salaries far in excess of other associations engaged in similar lobbying activities. Total employee payroll and benefits in 1996 reached $87 million, or the equivalent of some 11 million members’ $8 annual dues. AARP Executive Director Horace B. Deets topped the employee pay scale at a comfortable $387,501.6 Ostensibly, AARP enjoys one of the most unique business situations in the entire country -- non-profit tax-exempt status -- while at the same time earning hundreds of millions through various marketing ventures with for-profit entities. ntu.org