Former Podesta Group employees have spilled the beans about their former boss, Tony Podesta - in a scathing Wall Street Journal article which details the firm's collapse. As part of the report, The Journal got its hands on "internal Podesta Group accounting," as well as "financial documents, calendars and communications."
The D.C. lobbying firm founded in 1993 by John and Tony Podesta folded shop following Hillary Clinton's monumental loss in the 2016 US election, when a flood of clients ran for the door virtually overnight, realizing the Podesta Group's influence ended with the Clinton campaign.
The Journal describes Tony Podesta's fall as a "calamitous collapse" following the 2016 US election:
Then he fell, a calamitous collapse propelled by unexpected blows, delivered by fate and made worse by hubris. Financial problems, legal threats and the election of President Donald Trump took it all away—the clients, the firm and, finally, Mr. Podesta's position as one of Washington's most influential players.