NRA's LaPierre said the gun group took a '$100 million hit' from recent legal battles
The National Rifle Association, like most organizations, has probably been adversely affected by the COVID-19 pandemic, but it was in pretty bad financial shape before that, according to audio of CEO Wayne LaPierre obtained by NPR News. At a Jan. 11 NRA board meeting in Virginia, LaPierre said "the cost that we bore" from legal troubles in 2018 and 2019 "was probably about a $100 million hit in lost revenue and real cost," adding, "I mean, that's huge." In response, the NRA cut $80 million in costs and took the organization "down to the studs," he said.
The NRA laid off staff and announced pay cuts in March, blaming the coronavirus.
LaPierre did not say how much of the $100 million hit came from investigations into the NRA's finances by the attorneys general of New York and Washington, D.C., and how much was a result of a messy divorce with its former longtime public relations firm, Ackerman McQueen. But in an April 15 legal filing, NPR's Tim Mak notes, Ackerman McQueen said it believes the NRA paid outside lawyers "more $54 million" over the last two years. LaPierre seemed to blame New York and D.C., calling the investigations of misspending and self-dealing "the power of weaponized government" like you might find in Russia, Cuba, or Venezuela.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
The NRA and its affiliates reported more than $412 million in earnings and more than $423 million in expenditures in 2018, with tens of thousands going to foreign fundraising efforts after multiple years of financial shortfalls. Internal tensions over LaPierre's lavish spending and alleged chicanery spilled into the open at the NRA's April 2019 meeting, where the group's president, Oliver North, quit and an attempt to oust LaPierre failed. LaPierre said at the Jan. 11 meeting that NRA membership remains strong at "right around 5 million." You can listen to his comments at NPR and Mak's report below. Peter Weber
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
-
Today's political cartoons - February 1, 2025
Cartoons Saturday's cartoons - broken eggs, contagious lies, and more
By The Week US Published
-
5 humorously unhealthy cartoons about RFK Jr.
Cartoons Artists take on medical innovation, disease spreading, and more
By The Week US Published
-
Brodet (fish stew) recipe
The Week Recommends This hearty dish is best accompanied by a bowl of polenta
By The Week UK Published
-
Chinese AI chatbot's rise slams US tech stocks
Speed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
By Peter Weber, The Week US Published
-
US port strike averted with tentative labor deal
Speed Read The strike could have shut down major ports from Texas to Maine
By Peter Weber, The Week US Published
-
Biden expected to block Japanese bid for US Steel
Speed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
By Peter Weber, The Week US Published
-
Judges block $25B Kroger-Albertsons merger
Speed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
By Peter Weber, The Week US Published
-
Rupert Murdoch loses 'Succession' court battle
Speed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
By Peter Weber, The Week US Published
-
Bitcoin surges above $100k in post-election rally
Speed Read Investors are betting that the incoming Trump administration will embrace crypto
By Peter Weber, The Week US Published
-
Enron mystery: 'sick joke' or serious revival?
Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
By Peter Weber, The Week US Published
-
US charges Indian tycoon with bribery, fraud
Speed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
By Peter Weber, The Week US Published