$20 Million: Not Bad For A Hick From Hope!
From today's 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.
[Ron Burkle]
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.
Comment: As I recall, he grossed around $8 million from his initial book deal! Wasn't that enough to pay his legal bills without jumping into bed with the Arabs and Burkle? Burkle is a well-known Democratic supporter and fundraiser who has raised more than $1,000,000 for the Hillary Clinton presidential campaign.
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.
[Ron Burkle]
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.
Comment: As I recall, he grossed around $8 million from his initial book deal! Wasn't that enough to pay his legal bills without jumping into bed with the Arabs and Burkle? Burkle is a well-known Democratic supporter and fundraiser who has raised more than $1,000,000 for the Hillary Clinton presidential campaign.
posted by Unknown at 8:51 AM
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