Schumer Chief Will Lobby For Silicon Alley
Fromm New York Post, p. 37, Friday, Dec. 10,1999
Wahington's hottest young politico stunned the Beltway yesterday by
rejecting Al Gore's plea to become his top spin doctor -- in favor of
a job as Silicon Alley's first lobbyist.
Josh Isay, 29, who engineered Sen. Charles Schumer's upset win over
Al D'Amato and was Schumer's chief of staff, also turned down a top
post in Hillary Clinton's Senate bid. Isay passed up a third job offer
to run the influential money chest for electing Democrats to the U.S. Senate,
the Democratic Senators Campaign Committee.
Isay earned about $120,000 a year as a Washington kingmaker but is
entering a world where billions can be made overnight. The native Manhattanite will
reap his own instant millions with high-flying Internet stock options as a sign-on
bonus for the new online post.
Isay will head policy and goverment affairs for DoubleClick. Inc., the richest
online ad firm in Silicon Alley, worth more than $10.8 billion. DoubleClick is
the largest Silicaon Alley distributor of advertising over the Internet and
creates campaigns for selling almost anything over
Isay will also spearhead all of Silicon Alley's lobbying efforts and help open
two-way doors for the more than 3,000 high-tech clients of DoubleClick.
Isay will also keep a Washington office. Political observers said Isay was a real
catch for Silicon Alley and DoubleClick, whose stock peaked at a record high of
$209.37 as news spread of his switch. Its stock was just $17 last year.
DoubleClick Chairman Kevin O'Connor told The Post that Isay will essentially
be teaching "Politics 101" to the novice billionaires running the online economy.
"We don't want to make the same mistakes anymore that Bill Gates made," O'Connor
Gates, a target of trustbusters, insulted official Washington by failing to
spend any funds lobbying politidcians, virtually keeping them in the dark
about the vast opportunities and riches in the high-tech world.
Isay intends to guide the neophyte web captains through the complexities of how to make
effective political contributions O'Connor said.