Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Elizabeth Warren builds largest U.S. presidential campaign staff

Published 04/15/2019, 10:36 PM
Updated 04/15/2019, 10:40 PM
© Reuters. Senator Elizabeth Warren speaks at NABTU legislative conference in Washington

By Ginger Gibson

WASHINGTON (Reuters) - U.S. Senator Elizabeth Warren has hired the largest campaign staff in the run-up to the 2020 presidential election, quickly building a payroll that far exceeds her Democratic rivals, according to disclosures filed with the Federal Elections Commission.

Warren spent more than $1 million on payroll in the first quarter of 2019, more than double that of rivals such as U.S. Senators Bernie Sanders and Kamala Harris, the two who raised the most money in the first quarter.

The total does not include other payroll-related expenses. She spent about $566,000 on payroll taxes and $114,000 on health insurance.

Warren has said she intends to build a "grassroots" campaign. She has sworn off expensive fundraisers and is relying almost entirely on online donations to fund her campaign.

Building a large campaign staff can create challenges. If a campaign begins to run short on cash, it is often more difficult to cut back on staff compared to trimming other expenses, such as advertising.

Warren had 161 employees already on her staff by the end of the first quarter, according to the disclosures she filed. About half of the staff, her campaign said, are positioned in early primary states of Iowa, New Hampshire, South Carolina and Nevada.

By comparison, Sanders' campaign had 86 people on its payroll by the end of the quarter, during which he spent $417,209 on salaries. Harris spent $477,108 on salaries on the 44 people she had on her payroll in the first quarter.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Warren has also outpaced Republican President Donald Trump's campaign hiring. Trump spent about $408,000 on staff in the first quarter, although the Republican National Committee is already working to help his reelection and has hundreds on staff.

Warren isn't without cash to pay her employees - she raised $6 million in the first quarter and had an additional $10.4 million from her Senate campaign. She finished the quarter with $11 million in cash.

However, her campaign disclosures revealed that she may be making tradeoffs.

Warren spent about $905,000 on online advertising. Sanders spent about $1.6 million and Harris $1 million.

Latest comments

She is a fraud. Has not  done a thing for the state of Massachusetts. Hasn't seen a tax she doesn't like. She would wreck our military..And honestly does she look like a American Indian ?
all politicians are hacks and the present occupant is the biggest we have so far.
She claimed to "be an American Indian". She only claimed to be the descendent (from several generations prior) of a mixed marriage. That's a small enough percentage to not be physically noticeable. But who cares? It's not important one way or the other. But it certainly doesn't make her a "fraud". Trump has claimed both himself and his father to be German at different times although apparently it was only his great grandfather who was born in Germany.
Adrian, wouldn't the fact that his family is of German descent, make him of German descent? That's how it works for the rest of us.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.