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Jane Stetson may continue bundler-ambassador tradition

By Laurie Bennett

July 3, 2013 at 9:11am

IBM heir and former Democratic National Committee finance chair Jane Stetson is under consideration to be the new U.S. ambassador to France, the Washington Post reports.

As is often the case with the French embassy job, Stetson raised gobs of money for the current president.

If named to the post, she would be following in the footsteps of her father, although they backed presidents of different parties. Arthur K. Watson served as U.S. ambassador to France from 1970 to 1972. He was appointed by Richard M. Nixon after donating more than $50,000 to Nixon’s 1968 campaign.

Stetson was a bundler for both Obama campaigns, raising more than $2.4 million in the last election for Barack Obama’s re-election and for the DNC. According to an analysis by the New York Times, she has raised nearly $4 million since 2007.

Stetson’s grandfather, Thomas Watson Sr., founded IBM.

Her husband, Bill Stetson, also raised money for Obama last year and also comes from old money. One grandfather, H. Smith Richardson, was chairman of Vick Chemical, best known for VapoRub. Another, Eugene Stetson, was chairman of Guaranty Trust Company of New York and a part-owner of Coca-Cola.

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