Wednesday, March 22, 2017

Hidden Figures

I heard a brief interview with Jane Mayer, author of Dark Money, on NPR today. She was talking about how Citizens United has made it possible for a few ultra-rich people than hardly any American has ever heard of to dominate American politics, and in particular for Rebekah Mercer to play a pivotal role in Trump's election and policy objectives. How many Americans, I wonder, have heard of this Hedge Fund heiress and boutique cookie baker?

Her father, Robert Mercer, made a few zillion bucks in quantitative trading and writes a lot of the checks, but she seems to be guiding a conservative network that generates propaganda, funds "institutes" selling the party line, and finances candidates. Key among her projects was Breitbart and Steve Bannon, who some have called her Svengali.

Here is an excerpt from a campaign era Politico story:

Rebekah Mercer now sits at the nexus of Trump’s universe. So influential has she become that her conversation with Trump during an August fundraiser in the Hamptons has been widely credited with spurring the rookie candidate to shake up his campaign team by turning its leadership over to two of her closest confidants.

Pollster Kellyanne Conway, who has worked with Mercer on a pro-Cruz super PAC, became campaign manager, while the new job of campaign CEO went to Steve Bannon, a campaign novice who helped run both the Government Accountability Institute — which has received at least $2 million from the Mercer foundation — and Breitbart News, the intensely pro-Trump nationalist website in which the Mercers have invested. This month, Trump rounded out his newly reconfigured campaign leadership by bringing in yet another operative with whom Mercer has worked — David Bossie, who previously ran both an anti-Clinton super PAC that received $2 million from Bob Mercer in July and an anti-Clinton nonprofit called Citizens United that received $3.6 million from the Mercers’ foundation from 2012 through 2014.

Rebekah Mercer did not respond to requests for comment. Conway, Bannon and Bossie either declined to comment or did not respond to requests for comment. And most conservative insiders approached for this story were loath to speak on the record for fear it might jeopardize their chances of receiving funding from Mercer's intensely private family. Mercer, some said, has scolded allies for calling attention to her — even when it’s been positive.

Some personal stuff:

Described almost universally as intelligent and hard-working, Mercer graduated from Stanford in 1996 with a dual degree in biology and mathematics, then received a master’s in operations research from Stanford. She went to work on Wall Street as a trader, before retiring to raise the four children she had with her husband, Sylvain Mirochnikoff, a managing director at Morgan Stanley.

Associates describe the family as close-knit and culturally conservative but also known to spend lavishly on their wide-ranging hobbies.

Bob Mercer has commissioned a $2.7-million model train set and multiple massive yachts, including one with décor inspired by Alice in Wonderland and Peter Pan.

Lots more in the Politico story linked above.