Posted on 04/23/2006 10:18:46 AM PDT by wagglebee
Ex-president Bill Clinton stands to reap "tens of millions of dollars" in personal income from his job as an advisor to Yucaipa Companies, a California private equity firm controlled by one of his best friends and biggest political donors, billionaire Ron Burkle.
The New York Times reports Sunday that the sweetheart deal comes "without great effort and at virtually no risk" for the former president.
"He has put up little of his own money and has no day-to-day responsibilities over how the more than $1 billion in the funds is invested," the paper said.
Mr. Burkle, who built his financial empire by operating supermarkets in Los Angeles, tells the Times that Mr. Clinton's role is to help find investment opportunities for Yucaipa projects.
"He explains to people better than we can why these are good things to invest in," the former bag boy billionaire told the paper Thursday night, while sitting in Mr. Clinton's Harlem office. "If we make money, he makes money."
Though the supermarket magnet declined to offer specifics about Mr. Clinton's jackpot, the Times said that based on Yucaipa's track record, it could reach "into the tens of millions of dollars."
Clinton himself declined to be interviewed about the lucrative arrangement.
But in a 2003 speech he explained that Yucaipa had "earned a phenomenal return investing in three things I care about: in underserved communities, in underperforming companies that are friendly to their workers and their families, and in minority-owned businesses."
I can see the writing on the wall. Mr. Clinton will get out there in Cali and go buckwild with all the beautiful women around him. See ya later Hillary and your fat ankles.
Isn't Ron Burkle the creep that paid Jared Stern of Page Six not to write anything bad about him???? Must be some REALLY bad stuff out there if you have to PAY someone NOT to Write about you!!!
http://www.newsmax.com/archives/ic/2006/3/4/141014.shtml?s=ic
Saturday, March 4, 2006 2:02 p.m. EST
Dick Morris: Clinton on Dubai Payroll
Former President Bill Clinton is up to his eyeballs in dealings with Dubai, his former top political adviser has revealed.
According to Dick Morris, author of the best-selling book, "Condi vs, Hillary," Clinton is a paid agent of the crown prince of Dubai, now involved in a firestorm over its deal to take over some of the operations at six major U.S. ports.
"Bill Clinton is a senior adviser - a paid adviser - to a company called Yucaipa which recently set up a relationship with a group called the Yucaipa Investment group to set up a new company called DIGL," Morris said on "The O'Reilly Factor."
"DIGL Inc. is in charge of managing the investments of the crown prince of Dubai throughout the world. Bill Clinton is paid by Yucaipa a percentage of the profits it makes, and Yucaipa said its profits have exceeded 40 percent in recent years.
(snip)
These communities, companies, and minorities will never see anywhere near that kind of money in this "project." Yet, somehow, these dupes will still believe he's their champion.
Yep, same guy.
http://thedailytransom.observer.com/2006/04/the-complete-ron-burkle.html
The Complete Ron Burkle
Billionaire Ron Burkle went from bagboy to Bill Clinton's only business partner. On the way, he's tried to keep under the radar—even if he does purchase Radar—but with a messy divorce, litigation in California, and a sting set-up of Page Sixer Jared Paul Stern, it's hard to keep his name out of the papers. And so the Observer's Jason Horowitz has reported out the details on the jet-set and lawyer-friendly Ronald Burkle.
bump
Coming to a Mexican Market near you: Senor Clinton Tortillas.
I think we're going to find Burkle is just a big a slimeball as Bubba.
So he got another job highlighting his skills as a liar to sell more bad investments.
In another ten years, he will be doing late-night infomercials.
Someday Karma is going to meet up with Clinton. He and Hillary have dome more to harm our country than the Rosenbergs ever thought about doing....plus they have their cadre of Cabalists licking their jack-boots.
Mover Mike wrote at NewsBack http://www.newsback.com/forums/thread-4446-what-is-yucaipa-cos.html
When Bill Clinton joined Yucaipa he had already
made corporate reform one of his top causes since leaving the White House. He calls for more "socially responsible" investing, better protection of workers and greater diversity in corporate management. At the same time, he condemns cronyism, excessive pay for top management and an alleged emphasis on short-term profits at the expense of workers.
Sen. Hillary Rodham Clinton — a member of the Senate Health, Education, Labor & Pensions Committee — has bashed corporations for their failure to live up to their pension obligations.
So how are the Clintons living up to those high standards?
Burkle and Yucaipa are backing a $100 million deal to take over the Aloha Airlines — but it has attached some very tight strings: It's making the deal contingent upon terminating the pilots' pension plan and contract.
As far as "cronyism"
...one of the few significant minority-owned businesses that the funds have invested in is Sean John, the clothing enterprise run by that struggling representative of the "lower-income urban community," rap mogul Sean "Puffy" Combs. (A contributor to Hillary Clinton's campaigns with the potential of raising enormous sums for Democrats, Combs is likely to play a prominent role in supporting a Hillary run for the White House in '08.)
Slick Willie - the gift....
I'm wondering what the tone of the Slimes was in this article...
was it; he deserves this or in their Cheney/Haliburton mode...
Is Burkle just a big a slimeball as Bubba...
Yes.
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