• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
LeadershipCEO Daily

CEO Daily: Saturday, May 30th

By
Tory Newmyer
Tory Newmyer
Down Arrow Button Icon
By
Tory Newmyer
Tory Newmyer
Down Arrow Button Icon
May 29, 2015, 11:24 PM ET
Add Fortune on Google for similar content.

Saturday Morning Post: The Weekly View from Washington

Unknowns are still swirling around the bombshell indictment of former House Speaker Dennis Hastert. The low-key Illinois Republican was eight years removed from public life and comfortably established in a K Street sinecure when the news first landed Thursday. The 73-year-old is alleged to have lied to federal investigators about $3.5 million in hush money he paid to a long-time acquaintance. What, precisely, the longest-serving GOP speaker in history was trying to conceal remains part of the mystery, though several outlets are now reporting what many in Washington immediately suspected — that it involves sexual wrongdoing with a student during his days as a high school teacher and wrestling coach. The specter of the ugliness lurking behind the charging document has already cost Hastert his lobbying gig at Dickstein Shapiro and his CME Group directorship.

It also puts a (delayed) capstone on what must rank as the dirtiest Congress in modern history. Hastert rose through Republican ranks because he presented as a squeaky-clean foil to the rest of Texan Tom DeLay’s viperous crew. Officially Hastert’s lieutenant, DeLay in fact pulled the strings, institutionalizing a mode of corruption with major sweep. It reached full flower in the 109th Congress, from 2005 to 2006. Most will remember that era for the Jack Abramoff lobbying scandal, the sprawling pay-to-play scheme that sent former Rep. Bob Ney (R-Ohio) to prison, along with a handful former top DeLay aides and Bush administration officials, and implicated many others.

But that was only the center ring in a circus of misconduct. There was also the illegal land-swap deal then-Rep. Rick Renzi (R-Ariz.) engineered for a business partner that later landed him a three-year prison stay; the raid of then-Rep. Bill Jefferson’s (D-La.) home that turned up $90,000 worth of cash bribes hidden among pie crusts in his freezer, earning him to a thirteen-year sentence; and the $2.4 million in bribes then-Rep. Duke Cunningham (R-Calif.) pocketed from defense contractors, good for an eight-year sentence. And there were many more federal investigations, including a probe of the official actions then-Rep. John Sweeney (R-N.Y.) traded for favors from lobbyists; the look into whether then-Rep. Curt Weldon (R-Pa.) used his office to help his daughter win lobbying work from Russian and Serbian firms; and another into whether Rep. Don Young (R-Alaska) took bribes and illegal gifts from an oil pipeline company back home. Then-Rep. Mark Foley (R-Fla.) supplied the rotted cherry on top weeks before the 2006 midterms when he was outed for sending sexually explicit messages to teenaged House pages. Outrage over Foley’s behavior and the Republican leadership team’s bumbling response helped seal an electoral route that drove Hastert from power — and, in retrospect, darkly previewed this week’s allegations.

Democrats swept in as the clean-up squad, instituting strict new lobbying and ethics rules. Republicans later added to those reforms by banning earmarks. The results are evident in this Congress. The closest it’s featured to a replay of the 109th’s antics: The overspending that recently forced Rep. Aaron Schock (R-Ill.) to resign a seat nearby Hastert’s old one. Schock looks like a Cub Scout by comparison. There are those who argue cleaner government yielded the sclerosis that’s earned this Congress its rock-bottom approval ratings. But as Hastert’s humiliation unfolds, it’s worth considering whether the mess he presided over is really preferable.

Tory Newmyer
@torynewmyer
tory_newmyer@fortune.com

Top News

• Amazon Is bringing $1 billion and 1,000 jobs to Ohio

Ohio Gov. John Kasich is looking increasingly likely to jump into the Republican presidential race. And while that contest is as crowded as it’s ever been, Kasich brings some distinguishing features to it. Among them: A solid job-creation record that’s brought the unemployment rate in the Buckeye State down to 5.1 percent. Kasich will be making an aggressive case that his economic stewardship deserves credit, and the Friday announcement by Amazon only bolsters the argument. The deal, secured with $81 million in tax credits, will include the construction of cloud facilities and fulfillment centers.  Fortune

• Key Patriot Act provisions expire on Sunday

Lawmakers have balked at extending the federal government’s surveillance regime over objections to bulk collection of Americans’ phone and Internet records. President Obama on Friday made an appeal from the Oval Office, warning national security will be imperiled by a lapse. But the path to a resolution remains murky.  TIME

• Sepp Blatter wins a fifth FIFA term amid scandal

Soccer fans, despair. The man controlling the world’s most popular sport on Friday reaffirmed his grip on its governing body despite earth-rattling corruption charges — including bribery and money laundering — lodged against some of his top lieutenants earlier this week. The result renews questions for sponsors of the multi-billion dollar enterprise about whether they’ll cut ties.  New York Times

Around the Water Cooler

• Bill Clinton requires $500,000 to appear at charity events

That, anyway, is the clear implication from this report about what it took for a small charity, dedicated to building schools for impoverished children, to entice the former president to show up and retrieve an award at its fundraising gala. The details of this extended anecdote are, as you might guess, off-putting. But it also reaffirms a larger challenge to Hillary Clinton’s candidacy: The Clinton Foundation seems to offer an inexhaustible well of unflattering material on the former first family’s recent history. At some point, she’ll need to answer for it.  New York Times

• Yikes: This robot cheetah just learned to leap over obstacles

If you’re a robot enthusiast, you’ll cheer this technological breakthrough. Everyone else should start looking into survivalist cabins in remote areas, because this is not going to end well.  Fortune

About the Author
By Tory Newmyer
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

Emily Blunt is worth $80 million and just pocketed $15 million for her latest film—but she once wanted to be a Spanish translator for the UN
SuccessCareers
Emily Blunt is worth $80 million and just pocketed $15 million for her latest film—but she once wanted to be a Spanish translator for the UN
By Orianna Rosa RoyleJuly 2, 2026
1 hour ago
Trump’s 927-page disclosure is just a normal Tuesday for direct indexing and crypto wealth managers
InvestingDonald Trump
Trump’s 927-page disclosure is just a normal Tuesday for direct indexing and crypto wealth managers
By Catherina GioinoJuly 1, 2026
10 hours ago
How foodservice giant Sodexo is embracing AI and robotics to reshape the kitchen
NewslettersCIO Intelligence
How foodservice giant Sodexo is embracing AI and robotics to reshape the kitchen
By John KellJuly 1, 2026
15 hours ago
U.S. Polo Assn. CEO J. Michael Prince
SuccessThe Promotion Playbook
U.S. Polo Assn. CEO was told he wasn’t right for a promotion—so he ‘outworked’ anyone else who wanted the job for 6 months straight
By Orianna Rosa RoyleJuly 1, 2026
17 hours ago
Nikesh Arora, chief executive officer at Palo Alto Networks
SuccessJobs
CEO of $248 billion cybersecurity company says workers are about to face a ‘Darwinian moment’ thanks to AI: Evolve or get cut
By Emma BurleighJuly 1, 2026
17 hours ago
DHL plane being refuelled at airport by man in high-vis jacket
EuropeAviation
The Iran conflict saw jet fuel prices soar—when you use 1.88 million tonnes a year, how you respond really matters (just ask DHL)
By Sam ForsdickJuly 1, 2026
19 hours ago

Most Popular

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
Big Tech
As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
By Marco Quiroz-GutierrezJuly 1, 2026
1 day ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
7 days ago
The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
Newsletters
The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
By Diane BradyJuly 1, 2026
23 hours ago
Current price of oil as of July 1, 2026
Personal Finance
Current price of oil as of July 1, 2026
By Joseph HostetlerJuly 1, 2026
19 hours ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
5 days ago
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
Success
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
By Sydney LakeJune 29, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.