RFK Jr. Senate affirmation listening to highlights

Robert F. Kennedy Jr., President Donald Trump’s controversial pick to lead the Department of Health and Human Services, testified Wednesday before a crucial Senate panel, where he faced questions about past vaccine skepticism, his evolving views on abortion and grasp on sprawling federal health programs.

Kennedy, 71, appeared first before the Senate Committee on Finance, which will vote on whether his nomination as HHS secretary advances to the full chamber. In the Republican-controlled Senate, Kennedy can lose only three GOP votes if all Democrats oppose him.

He will also appear before the Senate Committee on Health, Education, Labor and Pensions for a courtesy hearing Thursday.

Senators grilled him Wednesday on his views on matters ranging from vaccines to abortion, and he sidestepped many of those questions. He also struggled to answer some questions about Medicare and Medicaid, and often said he would defer to Trump on policies such as reproductive rights and prescription drug price negotiations.

If confirmed, Kennedy will take the reins of a $1.7 trillion agency that oversees vaccines and other medicines, scientific research, public health infrastructure, pandemic preparedness, food and tobacco products, and government-funded health care for millions of Americans. The heads of the Food and Drug Administration, Centers for Disease Control and Prevention, National Institutes of Health, and Centers for Medicare & Medicaid Services, among other federal health agencies, all report to the HHS secretary.

Kennedy is one of Trump’s more controversial Cabinet nominees, facing criticism from both sides of the aisle. He is a prominent vaccine skeptic, making false claims that they are linked to autism despite decades of studies that debunk that association.

Kennedy is also the founder of the nonprofit Children’s Health Defense, the most well-funded anti-vaccine organization in the U.S. In a government ethics agreement last week, Kennedy said he stopped serving as chairman or chief legal counsel for the organization as of December.

Some critics have argued that his work advocating against vaccine use has cost lives and could deter more Americans from getting recommended shots at a time when vaccination rates are declining.

A protester in the hearing room shouted when Kennedy denied he was anti-vaccine, accusing him of lying. It sparked applause, briefly interrupting his opening remarks.

Shouting again interrupted the hearing as committee ranking member Sen. Ron Wyden, D-Ore., questioned Kennedy about his comments about vaccines. Committee Chair Sen. Mike Crapo, R-Idaho, threatened to recess the hearing if any more protesters disrupted it.

Beyond vaccines, Kennedy also previewed how he plans to pursue his broad, “Make America Healthy Again” platform if confirmed as the nation’s top health official. The platform argues that a corrupt alliance of drug and food companies and the federal health agencies that regulate them are making Americans less healthy. Kennedy has long contended that the agencies that HHS oversees need reform or a sweeping overhaul.

Kennedy’s supporters say some of his stances around food, such as highlighting the risks of food additives and ultra-processed products, have hit on broad appeal among Republicans and some Democrats. But Kennedy on Wednesday said he is not “the enemy of food producers,” noting that American farms are “the bedrock of our culture and national security.”

Caroline Kennedy, the nominee’s cousin and daughter of former President John F. Kennedy, wrote a letter to senators Tuesday that referred to her cousin as a “predator” and urged them not to confirm him.

Here are some of the key takeaways from Wednesday’s hearing:

Kennedy defends vaccine stance

Robert F. Kennedy Jr., U.S. President Trump’s nominee to be secretary of Health and Human Services, testifies before a Senate Finance Committee confirmation hearing on Capitol Hill in Washington, U.S., Jan. 29, 2025. 

Evelyn Hockstein | Reuters

Kennedy, in his opening remarks before the panel, pushed back on claims that he is anti-vaccine or anti-industry.

“I am neither; I am pro-safety,” Kennedy said. “I worked for years to raise awareness about the mercury and toxic chemicals in fish, but that didn’t make me anti-fish. All of my kids are vaccinated, and I believe vaccines have a critical role in health care.”

Kennedy engaged in heated debate with senators over his vaccine views, saying, “I support the measles vaccine, I support the polio vaccine, I will do nothing as HHS secretary that makes it difficult or discourages people taking” them.

Sen. Ron Wyden, D-Ore., didn’t buy that claim, highlighting Kennedy’s previous remarks in a book about not viewing measles as a threat. 

Senators also pointed to Kennedy’s misinformation about the safety of the measles, mumps and rubella vaccine, which was linked to a severe measles outbreak in Samoa in 2019 that left dozens of children dead. That outbreak came just months after Kennedy visited the island nation. 

Kennedy denied having anything to do with the deadly outbreak. 

“You cannot find a single Samoan that says, ‘I didn’t get vaccinated because of Bobby Kennedy,'” he said.

When Wyden asked if measles is deadly, Kennedy did not directly answer the question. Kennedy contended again that he was not anti-vaccine.

Wyden also pressed Kennedy on his comments in a 2023 podcast in which he said, “There’s no vaccine that is safe and effective.” Kennedy claimed that statements he made on podcasts have “been repeatedly debunked” and said he would not dissuade Americans from getting certain vaccines.

Kennedy’s shifting abortion stance

Democrats pressed Kennedy on whether he had reversed his stance on abortion for political expediency, and if he would do the same on other issues. 

“When was it that you decided to sell out the values you’ve had your whole life in order to be given power by President Trump?” Democratic Sen. Maggie Hassan of New Hampshire said, pointing to his previous public support for abortion rights. 

Kennedy, in response, said “every abortion is a tragedy” – a line he repeated at least four times throughout the hearing. 

When asked about his approach to regulations around the abortion pill mifepristone, Kennedy said Trump “wants me to look at safety issues.” He added that the president had not yet taken a position on how to regulate it.

“Whatever he does, I will implement those policies, and I will work with this committee to make those policies make sense,” Kennedy said. That’s a similar response he had when asked about other abortion policies. 

There is extensive scientific evidence showing that the pills, which are regulated and approved for use by the FDA, are safe. 

Kennedy struggles to answer Medicare, Medicaid questions

Robert F. Kennedy Jr., U.S. President Trump’s nominee to be Secretary of Health and Human Services, testifies before a Senate Finance Committee confirmation hearing on Capitol Hill in Washington, U.S., Jan. 29, 2025. 

Nathan Howard | Reuters

Kennedy appeared to struggle when Sen. Bill Cassidy, R-La., pressed him on what reforms he would propose for the state-federal Medicaid program, which provides coverage to around 80 million Americans, including many low-income people. 

Republicans could target Medicaid, which costs the federal government more than $600 billion a year, for funding reductions this year to help pay for tax cuts. At times, Kennedy appeared to confuse Medicaid with Medicare, a federal program that provides coverage to older and disabled Americans. 

Kennedy described Medicaid as “fully paid for” by the federal government. But the program is funded by states as well. 

He also claimed that many Medicaid enrollees were frustrated by high costs, saying “premiums are too high. The deductibles are too high.” 

But the majority of Medicaid enrollees do not pay any premiums or deductibles for their coverage. Federal law bars premiums for the lowest-income Medicaid enrollees. 

Kennedy only vaguely described efforts to reform Medicaid, saying he supported increasing “transparency” and “accountability.” 

Greatest Skincare Merchandise for Dry and Delicate Pores and skin

The thing about having sensitive skin is that you never know what is going to set it off. That’s why it’s important to keep your skincare routine as simple as possible. It’s time to ditch the 12-step routine and get back to basics.

Not only will streamlining your routine prevent skin dryness, it will also make is easier to identify which products are contributing to any skin irritation.

To combat skin sensitivity, there are a few things to keep in mind when shopping.

Look for soothing ingredients like cica to calm redness (we recommend Moira Cosmetics’ Skincure Cream), oat to soothe irritation, and peptides to hydrate dry skin and restore the skin barrier.

Scented products can further irritate sensitive skin, so it’s best to avoid products containing a fragrance or an essential oil. And while you can use active ingredients like acids and retinols, it’s best to start slow and limit usage to prevent skin sensitivity.

Plus, there are skincare brands out there that make it easy to find products for dry, sensitive skin.

We’re big fans of Scarlett Johansson’s line, The Outset. From its bestselling hydrating facial cleanser to its ultra-rich moisturizer duo, the products from this line are fragrance-free and made without harsh chemicals.

It’s time to baby your skin! Shop these gentle skincare products that will keep your sensitive skin feeling and looking its best. 

Elon Musk’s X companions with Visa to supply digital pockets

Elon Musk’s social media platform X on Tuesday announced the launch of a digital wallet and peer-to-peer payments services provided by Visa.

X struck a deal with Visa, the largest U.S. credit card network, to be the first partner for what it is calling the X Money Account, CEO Linda Yaccarino announced in a post on the platform.

Visa will enable X users to move funds between traditional bank accounts and their digital wallet and make instant peer-to-peer payments, like with Zelle or Venmo.

It’s the first concrete move from X to create a financial ecosystem for the social media site, which was called Twitter before Musk purchased it in 2022. At the time, Musk said the $44 billion acquisition was a way to create an “everything app.” He later said the platform would enable users to conduct their “entire financial world” on it.

In 2021 while Jack Dorsey was still at the helm of X (then Twitter), the company launched a bitcoin tipping feature that allowed users to add their crypto wallet addresses and receive payments in the world’s largest digital token.

But attaining status as a money service business in the U.S. required navigating a far more complex regulatory landscape.

For over a year, Musk has been applying for these licenses for X. According to its website, X Payments LLC is licensed in 41 states and registered with the Financial Crimes Enforcement Network (FinCEN).

The X Money service is expected to launch in the first quarter, and deals with more financial partners are likely, according to a person with knowledge of the situation.

One of the first use cases for X Money is to allow creators on the site to accept payments and store funds without external institutions, said this person, who spoke on the condition of anonymity to discuss internal matters.

In November 2022, Musk suggested to the platform’s advertisers in a meeting publicly broadcast on Spaces that this type of payments product might ultimately offer certain banking features, such as a high-yield money market account.

Representatives from Visa declined to comment on the matter.

DOJ fires Jack Smith prosecution officers

James McHenry testifies before the Senate Judiciary Committee in the Hart Senate Office Building on Capitol Hill July 31, 2018 in Washington, DC.

Chip Somodevilla | Getty Images

The Department of Justice on Monday fired officials involved in the now-terminated federal criminal prosecutions of President Donald Trump by former special counsel Jack Smith.

The firings come a week after Trump was sworn in for a second, non-consecutive term in the White House.

“Today, Acting Attorney General James McHenry terminated the employment of a number of DOJ officials who played a significant role in prosecuting President Trump,” a DOJ official told NBC News.

“In light of their actions, the Acting Attorney General does not trust these officials to assist in faithfully implementing the President’s agenda,” that official said. “This action is consistent with the mission of ending the weaponization of government.”

The number and names of the fired officials were not disclosed by the department.

But NBC reported that an official familiar with the matter said career prosecutors Molly Gaston, J.P. Cooney, Anne McNamara and Mary Dohrmann were among those terminated.

“Firing prosecutors because of cases they were assigned to work on is just unacceptable,” former U.S. Attorney Joyce Vance told NBC News.

“It’s anti-rule of law, it’s anti-democracy,” said Vance, who is an NBC News legal contributor.

Fox News reported earlier Monday that McHenry had fired more than a dozen officials who worked on Smith’s prosecutions of Trump.

Smith, who resigned from the DOJ on Jan. 10, had filed criminal charges against Trump in two separate cases: one in federal district court in Washington, D.C., the second federal district court in South Florida.

In the D.C. case, Trump was accused of crimes related to his attempt to reverse his loss to former President Joe Biden in the 2020 election.

The election interference case was dismissed by the DOJ after Trump was elected president in November due to a department policy that bars federal prosecutions of sitting presidents.

Trump was charged in the Florida case with crimes connected to his retention of classified government documents after he left the White House in January 2021, and his efforts to prevent government officials from recovering those records from his Mar-a-Lago club in Palm Beach.

The classified documents case was dismissed in July by U.S. District Judge Aileen Cannon after she ruled that Smith’s appointment as special counsel violated the U.S. Constitution.

The DOJ had appealed Cannon’s dismissal but dropped that effort after Trump won the 2020 election because of its policy related to prosecuting presidents.

Treasury could superb small companies $10,000 if they do not file this report

Treasury Secretary Janet Yellen following a tour of the Financial Crimes Enforcement Network (FinCEN) in Vienna, Virginia, on Jan. 8, 2024.

Valerie Plesch/Bloomberg via Getty Images

Small businesses and their owners could face penalties of $10,000 or more if they don’t comply with a new U.S. Treasury Department reporting requirement by year’s end — and evidence suggests many haven’t yet complied.

The Corporate Transparency Act, passed in 2021, created the requirement. The law aims to curb illicit finance by asking many businesses operating in the U.S. to report beneficial ownership information to the Treasury’s Financial Crimes Enforcement Network, also known as FinCEN.

Many businesses have a Jan. 1, 2025, deadline to submit an initial Beneficial Ownership Information Report.

This applies to about 32.6 million businesses, including certain corporations, limited liability companies and others, according to federal estimates.

The Treasury Department did not respond to CNBC’s request for comment on the number of BOI reports that have been filed to date.

The data helps identify the people who directly or indirectly own or control a company, making it “harder for bad actors to hide or benefit from their ill-gotten gains through shell companies or other opaque ownership structures,” according to FinCEN.

“Corporate anonymity enables money laundering, drug trafficking, terrorism and corruption,” Treasury Secretary Janet Yellen said in a January announcement of the BOI portal launch.

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Here’s the kicker: Businesses and owners who don’t file may face civil penalties of up to $591 a day for each day their violation continues, according to FinCEN. That sum is adjusted for inflation. Additionally, they can face up to $10,000 in criminal fines and up to two years in prison.

“To a small business, suddenly you’re staring at a fine that could sink your business,” said Charlie Fitzgerald III, a certified financial planner based in Orlando, Florida, and a founding member of Moisand Fitzgerald Tamayo.

The federal government had received about 9.5 million filings as of Dec. 1, according to statistics FinCEN provided to the office of Rep. French Hill, R-Ark., who has called for the repeal of the Corporate Transparency Act. Hill’s office provided the data to CNBC.

That figure is about 30% of the estimated total.

FinCEN was receiving a volume of about 1 million new reports per week as of early December, Hill’s office said.

Many businesses may not be aware

Nitat Termmee | Moment | Getty Images

A “beneficial owner” is a person who owns at least 25% of a company’s ownership interests or has “substantial control” of the entity, according to FinCEN.

Businesses must report information about their beneficial owners, including name, birth date, address and information from an ID such as a driver’s license or passport, in addition to other data.

Companies that existed prior to 2024 must report by Jan. 1, 2025. Those created in 2024 have 90 calendar days from their effective date of formation or registration to file; those created in 2025 or later have 30 days.

Corporate anonymity enables money laundering, drug trafficking, terrorism, and corruption.

Janet Yellen

U.S. Treasury secretary

There are multiple exceptions to the requirement: For example, those with more than $5 million in gross sales and more than 20 full-time employees may not need to file a report.

Many exempt businesses — such as large companies, banks, credit unions, tax-exempt entities and public utilities — already furnish similar data.

Brian Nelson, the Treasury Department’s under secretary for terrorism and financial intelligence, said in an interview at the Hudson Institute in February that the agency was “on a full court press” to spread awareness about the BOI registry, which opened Jan. 1.

But it seems many business owners either aren’t complying with or aren’t aware of the requirement, despite outreach efforts.

The scope of national compliance is “bleak,” the S-Corporation Association of America, a business trade group, said in early October.

The “vast majority” of businesses hadn’t yet filed a report, “meaning millions of small business owners and their employees will become de facto felons come that start of 2025,” it said.

Enforcement is up in the air

Bevan Goldswain | E+ | Getty Images

However, the situation isn’t quite that grim, others said.

For one, a federal court in Texas on Dec. 3 temporarily blocked the Treasury Department from enforcing the BOI reporting rules, meaning the agency can’t impose penalties while the court conducts a more thorough review of the rule’s constitutionality.

“Businesses should still be filing their information,” said Erica Hanichak, government affairs director at the Financial Accountability and Corporate Transparency Coalition. “The deadline itself hasn’t changed. It just changes enforcement of the law.”

The rising tide of real estate cyber crime

The government is expected to appeal, and enforcement “could resume” if the injunction is reversed, wrote attorneys at the law firm Fredrikson.

Additionally, Treasury said it would only impose penalties on a person or business who “willfully violates” BOI reporting requirements.

The agency isn’t out for “gotcha enforcement,” Hanichak said.

“FinCEN understands this is a new requirement,” FinCEN said in an FAQ. “If you correct a mistake or omission within 90 days of the deadline for the original report, you may avoid being penalized. However, you could face civil and criminal penalties if you disregard your beneficial ownership information reporting obligations.”

UnitedHealthcare names Tim Noel new CEO after Brian Thompson killing

UnitedHealthcare signage is displayed on an office building in Phoenix, Arizona, on July 19, 2023.

Patrick T. Fallon | Afp | Getty Images

UnitedHealthcare on Thursday tapped company veteran Tim Noel as its new CEO following the targeted killing of its former top executive, Brian Thompson, in Manhattan in December. 

Noel was the head of Medicare and retirement at UnitedHealthcare, the largest private health insurer in the U.S. It is the insurance arm of UnitedHealth Group, the nation’s biggest health-care conglomerate based on revenue and its more than $480 billion market cap. 

Noel, who first joined the company in 2007, “brings unparalleled experience to this role with a proven track record and strong commitment to improving how health care works for consumers, physicians, employers, governments and our other partners,” UnitedHealth Group said in a statement.

The company is still reeling from the murder of Thompson, which unleashed a torrent of pent-up anger and resentment toward the insurance industry, renewed calls for reform and reignited a debate over health care in the U.S.

Amid concerns about physical safety, companies across the industry have beefed up security for their executives and removed their photos and much of their personal information from their websites. That includes UnitedHealth Group, which appears to no longer have an executive leadership page.

Luigi Mangione, who was charged in the deadly shooting of Thompson, is currently being held without bond in Brooklyn, New York. Mangione, 26, faces charges including murder and terrorism, to which he has pleaded not guilty.

Noel oversaw a part of UnitedHealthcare’s business that includes Medicare Advantage plans, which have been the source of skyrocketing costs for insurers. 

Medicare Advantage, a privately run health insurance plan contracted by Medicare, has long been a key source of growth and profits for the insurance industry. But medical costs from Medicare Advantage patients have jumped over the past year as more seniors return to hospitals to undergo procedures they had delayed during the Covid-19 pandemic. 

UnitedHealthcare’s Medicare and retirement unit serves one-fifth of Medicare beneficiaries, or nearly 13.7 million patients, according to a fact sheet from the company. 

UnitedHealth Group CEO Andrew Witty said on an earnings call last week that the profit-driven U.S. health-care system “needs to function better” and be “less confusing, less complex and less costly.”

Witty said members of the system benefit from high prices, noting that lower prices and improved services can be good for customers and patients but can “threaten revenue streams for organizations that depend on charging more for care.” However, Witty did not address to what extent UnitedHealth Group benefits from that model. 

In its first quarterly results since the killing, UnitedHealth Group reported fourth-quarter revenue that missed Wall Street’s expectations due to weakness in its insurance business.

The company’s 2024 revenue rose 8% to $400.3 billion, and it expects revenue to climb again this year to a range of $450 billion to $455 billion.

— CNBC’s Bertha Coombs contributed to this report.

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Lawrence O’Donnell Blasts Trump For Despicable Pardon

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What did the American people think they were voting for when those who did so cast their ballots for Trump? Some thought they were voting for a man who could make the economic damage from COVID go away. Some thought they were voting for someone who would improve their financial situation. Others were just mad and wanted a change.

None of these people thought that they were voting for a president who would pardon a child pornographer, but that’s what they got.

On his MSNBC show The Last Word, Lawrence O’Donnell said:

Trump did not end the Ukraine war on day one. Trump did not do a mass roundup of people in this country for deportation on day one. But on day one, Donald Trump did pardon a child pornographer. No president’s ever done that. Donald Trump pardoned the biggest worldwide drug dealer in history. Two pardons that no other president in history would ever consider.

And tonight, and tonight. And tonight Donald Trump said moments ago on Fox that parents that a child leaves home as a boy and comes back two days later as a girl, a parent doesn’t want to see that. And there are states where that can happen. Now, if Joe Biden or any other president Had ever said something as insanely false as that, as impossible as that.

You can imagine the screaming outrage that you would get from the White House press corps. And you can right now imagine that there won’t be any from this White House press corps about that. Statement that a child leaves home as a boy and comes back two days later as a girl. And there are states where that can happen.

That is like saying a child leaves home as a boy and comes back two years later, two days later as a horse. It can not happen. There is a demented, pathological liar in the White House talking like that. And the White House Press Corps will accept that. And not scream about that, as they screamed so constantly during the last presidency.

And there will probably be no questions of Donald Trump, there haven’t been any so far, about him pardoning someone who used child pornography. The child pornography user is also a Donald Trump fan, who was at the Capitol on January 6th attacking police officers. Federal prosecutors said Andrew Kyle Grigsby was the tip of the spear on the West Front of the Capitol when he wasn’t busy committing crimes for Donald Trump.

Microsoft’s enterprise improvement chief Chris Younger resigns

Christopher Young, executive vice president of business development at Microsoft Corp., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. The GeekWire Summit brings together business, tech and community leaders for discussions about the future.

David Ryder | Bloomberg | Getty Images

Microsoft‘s head of business development Chris Young, who helped orchestrate the software giant’s acquisition of Activision Blizzard, is resigning from his post after about four years on the job, the company said in a regulatory filing on Wednesday. No successor was named.

Young joined Microsoft in 2020 after almost three years as CEO of McAfee, where he ran the effort to separate the company from Intel. Previously, he held executive positions at Cisco and RSA.

At Microsoft, Young sat on the company’s senior leadership team alongside CEO Satya Nadella and finance chief Amy Hood. He reported to Nadella. As one of the highest paid Microsoft employees, Young received $12 million in total compensation in the 2024 fiscal year, according to a filing.

Young’s organization included the M12 corporate venture capital unit, which has invested in startups like Innovaccer, Outreach, PsiQuantum, Skedulo and Typeface. In 2023, M12 said that going forward, it would work more closely with Microsoft to better assist portfolio companies.

Microsoft’s $68.7 billion acquisition of video game publisher Activision, its largest deal ever, closed in 2023. Young also played a role in Microsoft’s expansion of its partnership with artificial intelligence startup OpenAI and its ad deal with Netflix.

“As I spend the next several weeks supporting a smooth transition, I’m grateful for this chapter and am inspired by the possibilities the AI era presents for transformation and growth,” Young wrote in a LinkedIn post. “My entrepreneurial roots are calling me, and I’m excited about what’s ahead.” He did not provide details.

Young, one of the most prominent Black executives at Microsoft, “provided thought leadership on the importance of diversity and inclusion in the technology industry,” the company said in a 2023 filing.

While Microsoft hasn’t made any recent comments about its diversity, equity and inclusion programs, there has been a broader industry rollback since President Donald Trump’s reelection in November. Amazon said it’s halting some of its DEI programs, and Meta’s are being canceled.

In December, Microsoft’s chief diversity officer said the company’s work in the area was “more important than ever.”

WATCH: Microsoft CEO Satya Nadella on $500B Stargate project: Our partnership with OpenAI continues

Taste Flav Fundraises For Black Households Harmed In L.A. Wildfires

Flavor Flav is stepping up for victims of the Los Angeles wildfires, and he’s pouring his efforts into Black families. On January 20, the New York native asked his supporters to get L.A. strong! He announced a partnership with GoFundMe and the Black Music Action Coalition to get folks help ASAP!

RELATED: Whew! Flavor Flav Speaks Out After Unexpected DRAMA At Rockefeller Christmas Tree Lighting

Everything Flavor Flav Said About His Wildfires Fundraiser

In the caption of his video, Flav also challenged “EVERYONE to come together” to help, not just Black artists, musicians, and creators. He added the link to the fundraiser to his bio.  According to PEOPLE, the artist’s efforts will cover Black families that the Eaton Fire displaced in Altadena and Pasadena neighborhoods.

“Come on y’all, let’s make L.A. strong…And let’s help those in need. Come join your boy Flavor on this campaign,” he added.

GoFundMe commented on Flavor Flav’s post, writing, “Always using your platform to help others.” Other comments from fans included prayer hands, flames, and red hearts. At the time of publishing, he had raised $55,161 out of a $100,000 goal with amplification from Community Aid Dena, AFROPUNK, and WalkGood LA. Part of the fundraiser is a consolidated directory of families that need help.

RELATED: Flavor Flav Gifts Jordan Chiles Bronze Clock Chain At The VMAs After Stripped Olympic Title (VIDEO)

What Do You Think Roomies?

Household workplaces assistants earn as a lot as $190,000 a 12 months

Martin-dm | E+ | Getty Images

Good help is hard to find. Family offices, the private investment firms of the ultra-wealthy, are increasingly willing to pay extra for it.

The talent war between family offices and Wall Street has driven up salaries not only for top investment roles but also for administrative staff. While compensation depends on the size and scope of the family office, executive assistants now often command base salaries exceeding $140,000, according to three recruiters who spoke to CNBC. This is well above the industry average of $81,500 for a senior executive assistant post, according to staffing firm Robert Half.

There are about 8,000 single-family offices worldwide, with nearly 3,200 in North America, according to a survey by Deloitte Private. Family office administration roles can come with sweeping responsibilities well beyond typical duties, such as compiling expense reports and managing correspondence. Mandates to organize travel for the entire family or coordinate household staff at multiple personal residences, for example, are frequently fair game. 

“You will have to do anything for this person, and you don’t know what that will be,” said Jonathan Hova, recruiter and senior vice president at Career Group. “If a pipe bursts in Southampton in January, that’s where you’re going.”

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The median base salary for executive assistants at family offices is $100,048, according to a survey of 436 family offices and family investment firms by Botoff Consulting.

The larger the family office the more executive assistants can expect to be paid. At family offices with at least $2.5 billion in assets under management, that median pay is about 35% higher, the survey found.

That’s before annual bonuses, which typically range from 10% to 20% of the base salary, according to Botoff.

The top 10% of administrative assistants at family offices regardless of size make $188,800 with a 20% bonus, according to the survey. Among the largest family offices, which are more likely to use long-term incentive plans, the top 10% of assistants can see all-in compensation of up to $240,000.

“Certainly for some families there is going to be some sticker shock,” said Trish Botoff, founder and managing principal of Botoff Consulting. “But I think they also find that when they can control services that are being provided, how it’s being done, who it’s being done by, they’re much happier with the results they get.”

Executive assistants to family offices are often required to travel with the executives they support, both on personal and professional trips. 

Recruiter Dawn Faktor Pincus is looking to hire an executive assistant who will travel with the family office principal at least once a month, including on holidays. She estimated the total compensation for the role would top $200,000 between a $170,000 base salary, travel pay and sign-on and yearly bonuses.

The travel and time commitment are just part of why the role pays so much, said Faktor Pincus, a senior recruiter at Howard-Sloan Search. These ultra-rich employers are often picky, desiring candidates with top-tier or Ivy League degrees or previous experience working with high-net-worth individuals, which comes at a premium, she said. For one family office seeking an executive assistant with a creative background, she placed a graduate of a prestigious university who was an aspiring novelist.

“It’s a small pool,” Faktor Pincus said. 

Most of these family offices seek at least five years of related experience, with some requiring at least eight to 10 years due to the complexity of the role, according to recruiter Fira Yagyaev of Larson Maddox.

“They are really in the weeds of what the family experiences day to day so it is probably one of the most crucial hires,” said Yagyaev, head of wealth management, trust and family office services at the recruiting agency.

At the same time, these accomplished assistants are expected to take on any task, big or small, without complaint. Hova said executive assistants can expect at least 10% of their work to verge on personal assistant duties.

“It is always a service role,” he said.

Plus, the work comes with thorny personalities, said Faktor Pincus. 

“A lot of times the ultra-high-net-worth individuals could be difficult,” she said. “People don’t become as successful as they are by being so nice and sweet.”