Bill Clinton May Get Payout of $20 Million
(Wall Street Journal) - Former 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.
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.
posted by BP News Bureau | 9:02 AM
4 Comments:
Will this make the Clintons' part of the evil wealthy class they politic against all the time?
The Clintons have been part of that class since Whitewater. I'm surprised that John Edwards hasn't used it against them. He must not want to lose that all-important spot in the VP short list.
Since Bill & Hillary Clinton are always saying that they don't pay enough in taxes, one has to assume that Bill will give the $20 million to the IRS. :)
From National Review Online:
Man, this recession is awful. Poor Bill Clinton's getting out of Ron Burkle's firm with only $20 million or so.
By the way, for all the grief Giuliani has gotten for the foreign clients of Giuliani Partners — and I'll be among those who say he ought to disclose all his clients, not just assure us that he's disclosed all the "major" ones — does anyone else find it odd that foreign governments have been dumping money by the millions into the Clintons' collective household wealth, and no one has raised any questions of whether foreign states could be buying access and influence?
Ah, but you could write an encyclopedia of the questions that Hillary Clinton ought to be asked and isn't. Instead, we get "diamonds or pearls."
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