Show me the money …
A 13-page confidential memo sent in 2011 from former President Bill Clinton’s longtime aide Doug Band details the management of “Bill Clinton Inc.” The memo breaks down the more than $50 million in “for-profit activity” Band’s corporate consulting firm, Teneo, helped “secure for President Clinton to date.”
Here are some highlights from the memo, which surfaced in a WikiLeaks dump Wednesday:
Band said that between 2001 and November 2011, Bill Clinton's business arrangements yielded more than $30 million for him personally, with $66 million to be paid out over the next nine years, “should he choose to continue with the current engagements.”
Among the “for-profit” activities Band arranged: a $3.5 million annual payment from Laureate International Universities — a network of for-profit universities and colleges that also donated more than $1 million to the Clinton Global Initiative — in exchange for Clinton serving as an honorary chairman.
UBS Global Wealth Management, which had donated more than $500,000 to Clinton charities, paid Clinton about $2 million in speaking fees.
Band said he convinced Swedish telecommunications giant Ericsson to pay Clinton $1 million to speak for two one-hour sessions in Hong Kong.
Band said Teneo “cultivated its client relationship” with Barclays Capital to line up two paid speeches Clinton delivered in 2010 and 2011 totaling more than $700,000.