Concord Partners Fires Alina Habba, Voiding $50 Million Deal After Trump Outburst
Updated
Updated · The New York Times · Nov 10
Concord Partners Fires Alina Habba, Voiding $50 Million Deal After Trump Outburst
3 articles · Updated · The New York Times · Nov 10
Summary
$50 million of Alina Habba’s four-year contract was cut off last week when Concord Partners terminated her in a Nov. 4 letter, citing “failure to perform duties.”
The family company had agreed to pay Trump’s former lawyer $10 million a year plus bonuses, but she will still keep $14.5 million already paid, including an $8 million signing bonus.
People close to the Herrera family said her focus appeared to shift after she began dating Turkish investor Turhan Mildon earlier this year, a factor behind the firing.
The dismissal came days after The New York Times disclosed the deal and Trump called it “totally obnoxious and outrageous,” urging the Herrera family not to pay her.
Concord was created by Isabela Herrera, daughter of pardoned Venezuelan banker Julio Herrera Velutini; Habba declined comment, while a person close to her said she plans legal action.