Posted on 10/25/2016 6:07:15 AM PDT by tired&retired
Inside the power struggle at Clinton, Inc.
In December, the board of the Bill, Hillary and Chelsea Clinton Foundation approved a salary of more than $395,000, plus bonus, for its Yale-educated CEO, Eric Braverman, while voting to extend his board term through 2017, according to sources familiar with the arrangement.
Braverman, who had worked with Chelsea Clinton at the prestigious McKinsey & Company consultancy, had been brought in with the former first daughter’s support to help impose McKinsey-like management rigor to a foundation that had grown into a $2 billion charitable powerhouse.
But in January, only weeks after the board's show of support and just a year and a half after Braverman arrived, he abruptly resigned, and sources tell Politico his exit stemmed partly from a power struggle inside the foundation between and among the coterie of Clinton loyalists who have surrounded the former president for decades and who helped start and run the foundation. Some, including the president’s old Arkansas lawyer Bruce Lindsey, who preceded Braverman as CEO, raised concerns directly to Bill Clinton about the reforms implemented by Braverman, according to sources, and felt themselves marginalized by the growing influence of Chelsea Clinton and the new CEO she had helped recruit.
(Excerpt) Read more at politico.com ...
The previously untold saga of Braverman’s brief, and occasionally fraught tenure trying to navigate the Clintons’ insular world highlights the challenges the family has faced trying to impose rigorous oversight onto a vast global foundation that relies on some of the same loyal megadonors Hillary Clinton will need for the presidential run sources have said she is all but certain to launch later this year.
The hiring a few months later of Braverman was to address recommendations from a 2011 audit for tighter governance and budgeting, as well as more comprehensive policies to vet donors and avoid conflicts of interest.
When Braverman arrived to replace Lindsey as CEO, he moved quickly to adopt the auditor’s recommendations, and then some.
He diversified the foundation’s board beyond the Clintons and their longtime political allies and restructured its finance department. He oversaw the creation of a $250 million endowment and implemented data-driven analytics to measure the effectiveness of foundation programs.
No public explanation was offered for Braverman’s resignation.
Never thought I would say this, but it appears that Chelsea Clinton may be the voice of reason at the Clinton Foundation. The old guard calls her a spoiled brat, but so far the leaked emails all make her seem like someone who was trying to reign in the silliness.
Doesn’t mean she’s a hero or anything, but it’s amazing that the rest of them are so bad that it makes her look good.
I know that this is an old article and that there is an email going around about Eric defecting to Russia (possible hoax), but this old article shows that possibly there is someone still living that know what was going on inside the slush fund.
I would guess he is in hiding. Hope he’s safe.
“help impose McKinsey-like management rigor to a foundation that had grown into a $2 billion charitable powerhouse”
yes, the Clintons are all about doing good and giving away more money to the poor.....more than the 5% the “charitable foundation” parts with now
If you read some of the wiki dump Chelsea’s concern was staff “stealing” her parents’ hard-stolen money from them
The Chelsea who was gleeful about Scalia’s death is a chip off her mother’s block- of ice .... just not as smart, given the painful task of slogging through the prose of her email
He was involved in the Haiti scam -
http://archive.fortune.com/galleries/2010/fortune/1010/gallery.40_under_40.fortune/33.html
My thoughts, as well. The leaked emails seem to show her as having some modicum of decency.
But, if one was a good conspiracy theorist, one would see the leaks as all part of an inside deal to build Chelsea up for future political office - the whole Wikileaks thing being part of the Clinton political theater.
Yes. Thank you for the link.
Per the link:
“He also created McKinsey’s post-disaster response model and travels several times a month to Haiti, where with the Haitian government and the Clinton Foundation he helped establish the country’s reconstruction agency.”
Doesn’t someone have the inner strength to do what is right in the face of corruption? Please pray for this man. If he abandoned the Clintons he must at least have some light inside.
Doesn’t someone have the inner strength to do what is right in the face of corruption?
Yes, she’s the voice of reason; especially when screaming so hard at a flunkie, the woman attempted to drown herself.
By the way, what exactly did she do at the “prestigious” McKinley firm?!
I read that earlier(with a big grain of salt). It’s why I did a Google to find more information.
Has the Russia story been validated or debunked? It is a very interesting read.
May someone inside the Clinton gang has the nads to do the right thing.
I read it earlier, didn’t know what to think of it...guess it’s up to who ever reads it whether they believe it or not...next two weeks, lots of things are going to come out...true, false, who knows...
She arranged for big investors to have access to her parents
Its a tough job, but somebody has to do it
And she has a ski bum and 2 chilluns to support
The ski bum tried suicide as well. Keep away from Chels.
Who is the person who was threatenign to commit suicide because of what chelsea was doing?
It sounded like SUCH A CONTROVED story, and a prelude to another ‘arkancide’.
They could find him dead later with two gunshots to the back of the head and say “see? he wrote a suicide email before”
I would not say decency. Legitimate concern about being part of a criminal conspiracy.
Also on Chelsea's resume: her first job after college was w/ Marc Lasry's multi-billion dollar hedge fund. Lasry also got Chelsea's hubby's hedge fund off the ground.
THE DC SWAMP UP CLOSE:
<><> Lasry's son, Alexander, worked for Obama's Senior Adviser Valerie Jarrett.
<><> Lasry's daughter, Samantha, was a staffer for then-Cong Rahm Emanuel.
<><>Emanuel was a top Clinton aide AND a Goldman Sachs lobbyist simultaneously.
<><> Emanuel became Obama's COS AND ran the Dept of Treasury simultaneously.
<><> Emanuel is now mayor of Obama's hometown,Chicago.
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NY TIMES 2015 report----"For the Clintons a hedge fund in the family."
EXCERPT When Chelsea's hubby, and his Goldman Sachs partners began raising money in 2011 for a new hedge fund firm, Eaglevale Partners, a number of investors in the firm were longtime supporters of the Clintons, according to interviews and financial documents reviewed by The New York Times.
Tens of millions of dollars raised by Mezvinsy's Eaglevale can be attributed to investors with some relationship or link to the Clintons.
Mezvinsky's investors include hedge fund managers:
Marc Lasry and James Leitner;
an overseas money management firm connected to the Rothschild family; and,
people from Goldman Sachs, including the chief executive, Lloyd C. Blankfein.
Some of these self-same investors in Mezvinsky's Eaglevale have contributed campaign money to Bill Clinton and to Mrs. Clinton. Some have also contributed to the Clinton family foundation.
Identifying who put money into Eaglevale, a roughly $400 million fund that has had underwhelming returns for much of its brief history, is difficult because hedge funds do not publicly disclose their investors.
Still, the overlap between at least some of Eaglevale’s investors and backers of the Clintons illustrates how politics and finance can intersect and shows the fine line the Clinton family must navigate as their charitable and business endeavors come under scrutiny in an election cycle.
SNIP
Mr. Lasry, a co-founder of the hedge fund Avenue Capital, and a longtime friend and financial backer of both the former president and Mrs. Clinton, said he invested $1 million in Eaglevale. In an interview in his Park Avenue office, adorned with many photos of him with the former president, he said that he recommended that his relative by marriage, Craig Effron, another hedge fund manager, also invest in the fund.
“I gave them money because I thought they would make me money,” said Mr. Lasry, whose $13 billion firm was one of the first places Chelsea worked after graduating from Stanford.
A number of other investors reached by The Times declined to be interviewed.
Rest here: http://www.nytimes.com/2015/03/23/business/dealbook/for-clintons-a-hedge-fund-in-the-family.html?_r=0
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REFERENCE Chelsea Clinton's husband, Mark Mezvinsky, in 2010, founded the investment firm Eaglevale Partners two years later with the help of Goldman Sachs CEO Lloyd Blankfein, a prominent Hillary Clinton supporter. Billionaire investor and Democratic megadonor Marc Lasry was also an early investor in Eaglevale.
The firm, which manages about $330 million in total, is down 1 percent on the year, which is slightly worse than average for hedge funds. Since its inception, Eaglevale has posted what the New York Times described as “uneven performance.” Mezvinsky’s financial trouble is unlikely to concern wife Chelsea, who has said she could never bring herself to care about money. That didn’t stop her from turning down a $600,000 annual salary at NBC News to do basically nothing except interview the Geico gecko from time to time.
The money-losing couple lives in a luxury $10 million luxury condo in Manhattan’s trendy Flatiron District. Chelsea's hubby setting up a Greek bond fund with his financiers, Goldman Sachs. Secretary of State Hillary helped out-- allegedly sharing classified information to help her SIL.
Mezvinsky's $325 million basket of offshore funds under the Eaglevale Partners hedge fund lost tens of millions of dollars. Mezvinsky's exclusive Greek debt fund suffered near-total losses....and ended up shuttering the disastrous hedger.
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It takes a special kind of stupid for Mezvinsky to drop that much cash trading on good inside information ... then again, "special kid of stupid"....sure does describe the Mezvinsky family.
My thoughts, as well. The leaked emails seem to show her as having some modicum of decency.
“Who’s genes she really has my bet would be she’s “bent”.
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