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Bill Clinton May Get Payout of $20 Million
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hillarynews
Joined: 24 Jan 2007
Posts: 2255
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 Posted: Wed Jan 23, 2008 2:00 pm Post subject: Bill Clinton May Get Payout of $20 Million |
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 Bill Clinton May Get Payout of $20 Million
By: John R. EmswhillerFormer President Clinton stands to reap around $20 million -- and will sever a politically sensitive partnership tie to Dubai -- by ending his high-profile business relationship with the investment firm of billionaire friend Ron Burkle.
Category: Top Story
By: John R. EmswhillerFormer President Clinton stands to reap around $20 million -- and will sever a politically sensitive partnership tie to Dubai -- by ending his high-profile business relationship with the investment firm of billionaire friend Ron Burkle.Mr. Clinton is negotiating to end his relationship with Mr. Burkle's Yucaipa Cos. as part of a broader effort to protect the presidential campaign of his wife, Sen. Hillary Clinton, from potential conflicts of interest. Details of Mr. Clinton's involvement in Yucaipa and his efforts to unwind it come from documents and interviews with people familiar with the matter.The former president has had links to Yucaipa since early 2002, when Mr. Burkle -- a longtime friend and political contributor -- offered him a role there. Mr. Clinton's association with the firm began at a time when he was looking to earn large amounts of money, partly to pay heavy legal bills accumulated to defend himself and Mrs. Clinton from several investigations during his presidency.Now, as he negotiates with Yucaipa to withdraw from the relationship, he is a wealthy man, thanks partly to tens of millions of dollars he has earned making speeches around the world.Mr. Clinton initially signed on with Mr. Burkle as a senior adviser to closely held Yucaipa. As part of that arrangement, Mr. Burkle agreed to give Mr. Clinton a share of the profits from two Yucaipa domestic investment funds if their returns reached a certain threshold. Mr. Clinton's adviser arrangement ended in early 2007, five years after it began. But Mr. Clinton still hasn't settled the issue of his payout.
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Source: The Hillary Project
Description: reporting the news about Hillary that the media refuses to |
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