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Hustler Al Sharpton sells his life story rights for $531,000 – to his own charity

From NY Post: The Rev. Al Sharpton has found an eager buyer for the rights to his life story — his own charity.

The National Action Network agreed to pay the activist preacher $531,000 for his “life story rights for a 10-year period,” according to the non-profit’s latest tax filing, which was obtained by The Post.

NAN can apparently turn around and sell those rights to Hollywood or other takers at a profit, but neither the reverend nor the charity would identify what producers are waiting for such Sharpton content.

The document does not indicate when Sharpton, who is president of NAN, gets the cash, which is above and beyond the $244,661 he already pulled down in compensation from the group in 2017. Sharpton also wouldn’t say when the cash would come in.

“What does that have to do with anything?” he said, speaking to The Post Saturday from South Africa, where he is hosting an MSNBC broadcast on the 100th anniversary of Nelson Mandela’s birth.

Sharpton claimed the idea for the deal came from two NAN board members, whom he would not name.

He said they wanted to create a source of revenue for the civil-rights organization after he steps down in about a year. “This way they make a profit from the beginning and all of the revenues,” he said.

Sharpton said he had contracts for two movies, with a third contract in the works. One of these movies is already in production, he claimed. He would not provide details of any of the projects.

He said a play was being shopped around and there were other assets that would generate revenue for NAN, including a recording where James Brown is singing and he’s talking, and video footage of him with Michael Jackson. “You’ve got real property here. You’re not talking about just me as an activist. These are non-related NAN things that are the saleable items,” he said.

Sharpton said that the assets were appraised and the movie deals alone could bring in at least triple to NAN over what it was paying him for the rights. The organization says a private donor put up the money to make the purchase, but did not name the donor.

Nonprofit experts said the transaction could be troubling because NAN — whose mission includes criminal justice reform and police accountability — was doing business with its president.

If NAN paid too much it could run afoul of IRS rules regarding excess benefits given to a nonprofit’s key officials, which might put its tax-exempt status in jeopardy, Marcus Owens, a former IRS official and a partner with the Loeb & Loeb law firm in Washington, DC.

“When I see this kind of thing, it just makes me roll my eyes because there’s so much potential for funny business,” said Linda Sugin, a Fordham University Law School professor and associate dean.

The organization’s tax filing noted that the board’s unnamed “executive committee independently approved” the deal.

But Sugin questioned such how such independence was achieved. “In this case, it’s really difficult because of his role in the organization and just because of his overall influence,” she said.

Daniel Borochoff, the head of Charity Watch, said the transaction would have been “a lot cleaner” if Sharpton sold the rights himself to a production company and then donated any profit in excess of $531,000 to NAN.

The Harlem-based National Action Network, which Sharpton founded in 1991, holds weekly “action rallies” at its House of Justice headquarters and an annual convention that has drawn President Obama as a speaker. The event has been sponsored in the past by large corporations, including Walmart, PepsiCo and Ford.

The nonprofit took in $6.3 million in revenue last year, up from $5.8 million the year before, according to its tax filings. Its years of outstanding taxes were paid off in 2014.

Sharpton, who hosts the “PoliticsNations” show on MSNBC, managed to pay off a chunk of his tax debt to the state and feds in the last year.

He paid $172,112 to the state, but still owes $736,375 in personal income tax and taxes for three of his companies to Albany.

City records show a $1.3 million tax lien to the IRS was satisfied in February, but records show he still has $2.5 million in outstanding federal liens against him and one of his companies. NAN has maintained that Sharpton is paying taxes on an installment plan. The liens don’t reflect partial payments.

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PepsiCo CEO asks North Carolina governor to repeal new law

Pepsico CEO Indra Nooyi

Pepsico CEO Indra Nooyi


Via Fox News: The CEO of PepsiCo, Inc., has joined the growing list of company heads and municipal officials voicing opposing to North Carolina’s new law that prevents specific anti-discrimination rules for LGBT people for public accommodations and restroom use.
The Human Rights Campaign and Equality North Carolina released Friday the names of another 10 company executives that have signed on to a letter criticizing the law and seeking its repeal, bringing the number of names to more than 120. New executives include those from Hewlett Packard Enterprise, Qualcomm and EMC Corp.
Gov. Pat McCrory

Gov. Pat McCrory


The law, approved by the Republican legislature and GOP Gov. Pat McCrory, responded to a Charlotte City Council ordinance approved in February that would have extended protections to gays and lesbians as well as bisexual and transgender people while at hotels, restaurants and stores. Charlotte also would have allowed transgender people to use the restroom aligned with their gender identity.
Also on Friday, Pepsico CEO Indra Nooyi sent a letter to McCrory calling on him to consider repealing the measure when the General Assembly convenes in Raleigh later this month.
Nooyi said she was taken aback by the law as well as McCrory’s decision to sign it so quickly. She said the measure is “completely inconsistent” with the way her company treats its workers, and that it undermines efforts to advance North Carolina’s long-term interests.
Pepsi-Cola traces its roots to North Carolina, where it was created in the late 1890s by New Bern pharmacist Caleb Bradham. PepsiCo’s annual shareholder meetings have been held in New Bern in the past several years.
Separately Friday, the venture capital arm of Google’s parent corporation confirmed it won’t invest in North Carolina startup businesses while the law is in place. GV spokeswoman Jodi Olson cited written comments by CEO Bill Maris in which he asked his firm’s partners to flag possible North Carolina investments because he’s “not comfortable deploying dollars into startups there until the voters there fix this.” The move was first reported by Re/code, a tech-focused news site.
The new law blocked Charlotte’s rules and prevented other local governments from approving similar ordinances. And government agencies of all kinds must now require people who use multi-stall public restrooms to use the one that corresponds with their biological sex.
NCAA President Mark Emmert says he has spoken to North Carolina’s governor about the state’s new law excluding LGBT people from antidiscrimination protections, making clear if it remains in place it will affect the state’s chances to host major college athletic events.
A rally was held early Friday night in front of the Legislative Building to support transgender people and to oppose the law. Supporters of the new law held prayer vigils Thursday night in multiple locations in eastern North Carolina. One was held across from the Executive Mansion, where McCrory lives.
Supporters of the law say hundreds of businesses support the law and have signed on to their own letter praising McCrory and the legislature. McCrory and a key lawmaker this week suggested some changes are possible to the law. But Senate leader Phil Berger, has no appetite for them because “an overwhelming majority of North Carolinians we’ve heard from support” the law, spokeswoman Shelly Carver said in a release. The General Assembly reconvenes April 25.
Read the whole story here.
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