Clinton, Obama go Hollywood
Biz preps campaign coin
By TED JOHNSON
The blooming presidential campaigns of Sen. Hillary Clinton and Sen. Barack Obama have set fund-raising swings through Los Angeles, as they tap entertainment industry donors in what will be a frenetic race for campaign money.
The DreamWorks trio of Steven Spielberg, Jeffrey Katzenberg and David Geffen sent out hundreds of invitations Wednesday for a Feb. 20 fund-raising reception for Obama's exploratory committee. The $2,300-per-person event, at the Beverly Hilton Hotel, will be followed by a private dinner at Geffen's home for Obama's fund- raising co-chairs. The latter are those who commit to raising $46,000 each for the evening.
Meanwhile, the Clinton campaign is planning a big gala on March 24, at a venue such as a hotel in the Beverly Hills area. That will be preceded by a visit on Feb. 11, when Clinton is planning to hold meet-and-greets at the homes of investment banker Sim Farar and of entertainment industry mogul Haim Saban. The meet-and-greets are for fund-raiser/donors who each commit to raising at least $25,000. Clinton also plans another visit to meet with donors in late Feb.
"She will be talking about her race: 'I'm in, and I'm in to win,'" said Farar, echoing the catchphrase Clinton used Saturday in announcing the formation of an exploratory committee. One fund-raiser/donor described the method of raising money as akin to setting up Amway distributorships. Because each donor is limited to giving at most $4,600 per candidate per election cycle, a pyramid-like network of key fund-raisers is required to round up contributions.
As such, the process of organizing the events is said to be a balancing act of egos and logistics -- what one fund-raiser called "organized chaos." Holding the Clinton event in a hotel, for instance, saves the campaign from having to soothe the inevitable animosities that would develop if one donor's home is picked for a fete over another.
<snip>
http://www.variety.com/article/VR1117958048.html?categoryid=10&cs=1