The NEW Illustrated Guide to Mendacity and Folly in the 21st Century.
Posted on | July 9, 2009 | 1 CommentNormally, I dislike posting on the same topic twice in a row (heck, I’d prefer to have at least two weeks) but an item was brought to my attention by my most faithful reader, i.e., the wifey, who forwarded this item from the Publisher’s Marketplace newsletter–Publisher’s Lunch Deluxe?–not online for non-members, so forgive me if I quote the whole thing:
“A Publishing-Centric Observation on Palin’s Resignation
“While we wouldn’t pretend to know the cause of Sarah Palin’s resignation from office, we have realized at least one effect: the size of her book advance will probably never be known publicly as a result.
“You may recall that attorney Robert Barnett submitted exclusively to Harper, helping ensure that Palin’s advance (despite some wild speculation in the press) would remain private initially. At the time it was presumed that the advance would be revealed subsequently when she disclosed her income as required by Alaska’s laws every March.
“But the Alaska statue would appear to require disclosure only up until when she leaves the governor’s office (“after leaving office, a former public official shall file a final statement covering any period during the official’s service in that office for which the public official has not already filed a statement”). So unless Palin has already received her first advance from Harper, or takes another public office within the next year or so, her advance is likely to remain private.”
Naturally, if her advance became public record, there’d be no way of hiding it once she began her presumed presidential run. Of course, presidential candidates normally disclose financial statements, but La Palin evidently figures she could get away with submitting only her 2012 statement. We don’t have any idea how much HarperCollins paid or will pay her, but the word on the street is that it is several millions. She may need a new strategy for making believe she’s just one of the people, after all, how many just-a-hockey-moms have a couple of cool mil in ye olde checking account, hmmm? Perhaps that rambling incoherent resignation speech was really meant to draw attention away from the real reason after all. When in doubt, follow the money.
Here are a few links from earlier this year discussing the need for disclosure:
Hillel Italie, AP via Seattle Times:” If terms of the book deal aren’t leaked by next spring, at least some of the details will be revealed in Palin’s next financial disclosure forms with the Alaska Public Offices Commission. Income next must be reported on March 15, 2010. However, if she isn’t paid in full by Dec. 31, some income may fall over to the next year’s report.”
The Common Progressive: “The actual amount of the advance that Palin is being paid was not released as public information, however the information will eventually become public as Palin will be required to disclose the earnings as income on her state disclosures. The figure is widely believed to be in the millions at a minimum. “