Wealthy Candidates Reap Poor Returns in U.S. Vote
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Wealthy candidates spent more than $500 million of their own money running for office this year. They don’t have much to show for it.
Former Hewlett-Packard Co. chairman Carly Fiorina, former EBay Inc. chief executive Meg Whitman, and World Wrestling Entertainment Inc. co-founder Linda McMahon were among the losers in U.S. elections yesterday. Whitman failed in the California governor’s race after contributing $141.6 million to her campaign, the largest personal expenditure for a race in U.S. history.