Bill Clinton May Get Payout of $20 Million

[EV_Ares]

By JOHN R. EMSHWILLER
January 22, 2008; Page A1

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 also looking to close out partnership interests in a Yucaipa fund that focuses on investing in foreign companies. This fund -- called Yucaipa Global Partnership Fund LP -- has raised several hundred million dollars from a range of investors. Unlike his deal to advise the two Yucaipa domestic funds, Mr. Clinton invested an undisclosed sum of his own money in the global fund and has a limited partnership interest.

Mr. Clinton is also one of three owners of the global fund's general partner. The others are Mr. Burkle, who is the managing member, and an entity connected to the ruler of Dubai, Sheikh Mohammed bin Rashid al-Maktoum.


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http://online.wsj.com/article/SB120097424021905843.html?mod=hps_us_whats_news

[Unsane]

1. barf

[dkf]

2. Whoa. Guess he is cashing in real good.

[Tarheel_Dem]

3. and that's what it's all been about..........$$$$$$$$$$$$

:puke:

[Name removed]

4. Deleted message

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[Mountainman]

5. Hey freepers! How do you like those apples?

I read a LTTE in our local paper blaming the coming or the present recession and loss of jobs to Bill Clinton's deals with China and NAFTA.

It's been 7 years and still it's all Clinton's fault. Big Dog is laughing all the way to the bank!

Little burger flipping freeper types still hate Bill and Hill. Some DUers too!

[OHdem10]

6. Good --I am glad to see there are smart Democrats

I am not ready to concede the abilty to make money to the Republicans.

[EV_Ares]

7. Yeah, not really surprising with their corporate ties and investments, eom.