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CLINTON'S GOT A JOB: Friend Hires Clinton to Be Investment Fund Adviser
NY TIMES ^ | 4/11/02 | LAURA M. HOLSON

Posted on 04/11/2002 3:22:58 AM PDT by Liz

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To: Liz, Howlin, Dog
CalPERS to build first-of-its-kind integrated merchant bank

The California Public Employees' Retirement System is teaming up with The Yucaipa Cos. to establish a first-of-its-kind merchant bank holding company: It will control subsidiary funds and businesses that provide financial services to public pension funds, Taft-Hartley pension funds, unions and union members.

(REMEMBER THE TEACHER'S RETIRMENT FUNDS IN ARKANSAS!!!!!!!!!!! The Clintons kind of "borrowed" from them!)

CalPERS is committing up to $560 million in the holding company, Yucaipa American Funds. The holding company will tap the assets of Taft-Hartley plans (union pension plans) as well as public pension funds, and invest them in buyouts and private equities. These investments will focus on industries and companies that maintain strong corporate governance practices and are sensitive to the interests of their employees, CalPERS says.

161 posted on 04/11/2002 2:57:50 PM PDT by kcvl
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To: Liz, Howlin, Dog
CalPERS Invests $475 Million In 11 California Private Equity Firms

Investments will target California’s underserved markets

SACRAMENTO, CA -- California’s underserved urban and rural markets will be the recipient of $475 million in capital from the California Public Employees’ Retirement System (CalPERS).

The CalPERS Board of Administration, serving as the pension fund’s Investment Committee, approved hiring 11 venture capital and private equity firms to invest in California’s urban and rural communities.

"There are unmet needs in California’s urban and rural markets and we believe this initiative represents a golden opportunity for CalPERS and the state," said William D. Crist, President of CalPERS Board of Administration. "Investments in underserved areas hold potential to deliver superior returns for our Fund and its members while fueling the growth of jobs, businesses, and stronger communities in our state."

162 posted on 04/11/2002 3:02:23 PM PDT by kcvl
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To: Liz, Howlin, Dog
DreamEorks moguls David Geffen, Steven Spielberg and Ronald W. Burkle, the California supermarket magnate, have reportedly pledged generous amounts for the library. Rutherford says he would not be surprised if Spielberg integrated futuristic technology into the library.

July 1999

The donors to the Clinton library are only known at the moment to the library’s fund raisers and Congressional investigators. But a 1999 New York Times article reported that “generous pledges” had been made to the library by Hollywood moguls David Geffen and Steven Spielberg, as well as California supermarket entrepreneur Ronald W. Burkle. (All three men, however, refused to comment.) A 1999 Washington Post article reported that Burkle, Lew Wasserman, and Fox Family Worldwide chairman Haim Saban were each prepared to give between $5 and $10 million. Those prepared to donate $1 million to the library included developer Walter Shorenstein, Global Crossing chairman Gary Winnick, former Democratic National Committee finance chairman Alan Solomon, investors Alan Shuman and Tom Lee, aviation leasing executive Farhad Azima, and fashion-industry executive Arnold Simon.

163 posted on 04/11/2002 3:10:17 PM PDT by kcvl
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To: Liz, Howlin, Dog
Jesse, King of Beer

With one son taken care of, Jackson turned to his younger sons, Jonathan and Yusef. Their destiny was to make money to support the family dynasty, while Junior was put in charge of the clan's political fortunes. Jackson asked old friend and financial supporter Ronald W. Burkle if he would scout opportunities for them. Burkle understood that by "opportunities" Jackson didn't mean a management job with the Dominick's or Food 4 Less supermarkets he owned. Nor was Jackson interested in getting his sons in the real-estate business, although Burkle sat on the board of developer Kaufman & Broad, whose cookie-cutter houses were being built in decent middle-class communities around the world. Jackson was looking for something big, something special, something his sons could call their own, something befitting black America's first family.

Ron Burkle and August Busch IV weren't done with their favors to Jesse and sons. In the year 2000, they bankrolled Yusef Jackson's Internet venture OneNetNow.com, a Website he claimed would "bring more minorities" to the Internet. Paying the bills was Burkle's investment firm, the Yucaipa Companies in Los Angeles. When the Internet bubble burst later that year, OneNetNow.com went bankrupt. Ron Burkle shrugged it off. "I'm a friend of the family," he told reporters. "Family" apparently included Jesse Jackson's mistress, Karin Stanford, hired by Yucaipa on a $10,000 per month retainer in January 2001, only days after her illicit relationship and love child with Jackson were exposed in the tabloids. Burkle was already in the know, but had kept his knowledge to himself. In December 1999, when Jackson's mistress was seeking a new home for herself and her baby, Burkle sent her to Kaufman and Broad Mortgage Company to get a loan. A quick call from board member Burkle convinced Kaufman and Broad to lend her $291,950 to buy a $365,000 house on Don Miguel Drive in Los Angeles.

164 posted on 04/11/2002 3:16:30 PM PDT by kcvl
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To: Liz
Clinton had a job, but, unfortunately, someone blew it for him.....
165 posted on 04/11/2002 3:18:58 PM PDT by tracer
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To: tracer
President Clinton is about to pardon convicted securities swindler Michael Milken. That's OK. Milken has helped a lot of people in need since getting out of jail. But it's tainted because the catalyst was Ron Burkle, one of Clinton's big soft money contributors.

------------------

Brown's other trips. Traveling with the Commerce Secretary to South Africa were Donald Anderson, an adviser to the president of Time Warner, which donated $508,333 to the Democrats between 1992 and 1994, and Ronald Burkle, C.E.O. of the Yucaipa Group and a "managing trustee" of the D.N.C. The title designates him as having helped the party raise $200,000 or more.

166 posted on 04/11/2002 3:43:19 PM PDT by kcvl
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To: tracer
Mr. Burkle, who heads Yucaipa Management, was one of Mr. Clinton's original financial benefactors during the 1992 presidential campaign. Since then, the president and Mr. Burkle have become close friends; the president is often a guest at Mr. Burkle's estate in Beverly Hills, Calif.

With all of these party committees competing for large soft-money checks, wealthy donors have been deluged with requests. Ronald Burkle, the supermarket mogul who has made generous soft-money donations to the Democrats, was the co-chairman of the Los Angeles reception featuring the President. Mr. Clinton also received top billing at a fund-raiser held at Mr. Burkle's estate in March for Senator Barbara Boxer of California. In conjunction with that event, Mr. Burkle's Yucaipa Company gave $80,000 to the Democratic Senatorial Campaign Committee.

Mr. Burkle, like several major Democratic California donors, employs an aide to help manage his political affairs. His lieutenant is Ari Swiller, a former Democratic National Committee fund-raiser.

167 posted on 04/11/2002 4:06:21 PM PDT by kcvl
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To: tracer
1/20/02

Burkle, a Los Angeles-based billionaire who amassed his fortune through savvy deals in the grocery chain business, owns about a 7 percent stake in Kmart, which he "collared, a partner with Yucaipa Cos., Burkle's investment firm, said.

Burkle, a friend and big financial backer of former President Clinton who is known in Hollywood for holding star-studded political fund-raisers at his 40-room Beverly Hills mansion, was No. 124 in Forbes' ranking last year of the 400 richest Americans. He is worth an estimated $1.7 billion.

A former boxboy for Stater Bros. Markets, where his father was president, he later snapped up and merged a number of grocery chains, including ABC Markets, Alpha Beta, Smittys, Ralphs and Food 4 Less in the western United States.

By 1999, Burkle had masterminded Cincinnati-based Kroger Co.'s $13 billion takeover of Fred Meyer Inc., creating the largest U.S. supermarket chain. He acquired the Kmart stake last January with business partner Kenneth Abdalla.

Burkle is currently in the Middle East, according to his investment firm, and did not immediately return phone calls seeking an interview. But he told the Los Angeles Times earlier this month he bought his shares in Kmart on the company's plan to expand into new markets.

Burkle also said he believed it was unlikely Kmart would file for bankruptcy.

168 posted on 04/11/2002 4:16:12 PM PDT by kcvl
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To: Bloody Sam Roberts
.....A cocktail weenie....called a "strap-on". With a little piece of dental floss to hold it on.

Yeah, but Bill's plastic inflatable woman won't mind......

169 posted on 04/11/2002 4:18:27 PM PDT by Liz
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To: kcvl
Burkle also said he believed it was unlikely Kmart would file for bankruptcy.

Was this the week or the day before Kmart filed? LOL.

170 posted on 04/11/2002 4:19:50 PM PDT by Liz
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To: Freedom'sWorthIt
.....what does Burkle expect to receive? I can guarantee there is a bigtime payoff for him somewhere.....

Someday he'll need a presidential pardon, and......well, you know the rest....

171 posted on 04/11/2002 4:23:00 PM PDT by Liz
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To: tracer
Clinton had a job, but, unfortunately, someone blew it for him.....

ROTFL..........you forgot to add (/sarcasm off).

172 posted on 04/11/2002 4:24:08 PM PDT by Liz
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To: Liz
Tough, unyielding and habitually direct, Burkle, 46, is the youngest member of Los Angeles' civic elite. His friends appreciate his candor; his detractors call him petulant.

Burkle is the closest thing to a Los Angeles Horatio Alger. He started as a supermarket box boy and ended up as America's leading supermarket boss, a rise fueled by junk bonds and daring. A millionaire by age 20 and a billionaire today, Burkle shies away from press, but speaks plainly in private, say friends and associates.

So far, most of Burkle's influence has been directed at Sacramento. Burkle supplied big money to Gray Davis' gubernatorial campaign and employed Davis' wife for a time. Burkle refers to the governor as "Gray," and no one doubts that Davis takes his calls, as in the debate over bringing a football team to Los Angeles, when Burkle's money gave Hollywood agent Mike Ovitz's longshot bid its greatest credibility.

Burkle also is plugged in locally. He and Riordan are social friends and political allies.

Michael Milken helped finance Burkle's supermarket acquisitions.

173 posted on 04/11/2002 4:25:51 PM PDT by kcvl
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To: Pagey
" (Clinton qualified forMcD) Ketchup Pumper"....LOL I just told my office staff that one!

I hope you attributed the source......

174 posted on 04/11/2002 4:26:55 PM PDT by Liz
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To: Liz
Read it carefully, and he's doing what Jesse Jackson does.Low income investment/urban units are nothing more than schemes to create tax loses and crappy low income housing developments.Who wins? Union construction and minority owned businesses and of course the various grifters, like Slick, that will be seeking shakedown funds, of HUD grants as well.The con is back on with our pal Bill...
175 posted on 04/11/2002 4:35:14 PM PDT by habs4ever
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To: Liz
BURKLE, RONALD W
Updated 25-Feb-02

Declared Holdings

Director
Yahoo Inc

Director
Occidental Petroleum Corp - 17,000 shares

Here

176 posted on 04/11/2002 4:37:00 PM PDT by kcvl
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To: habs4ever
YAHOO! APPOINTS TWO NEW BOARD MEMBERS

Gary L. Wilson and Ronald W. Burkle Join Yahoo! Board of Directors

Sunnyvale, CA -- Nov. 14, 2001

Burkle, 48, is founder and managing partner of The Yucaipa Companies, widely known for its leadership in acquisitions, mergers and management of large retail and distribution companies. With Yucaipa, Burkle has led and completed major mergers such as Fred Meyer, Inc. and The Kroger Company, forming the largest supermarket company in the United States. Yucaipa is also the controlling shareholder of Alliance Entertainment Corporation, a distributor of music, videos, DVDs, electronic games and digital content into retail environments. Burkle is a member of the boards of KB Home Corporation and Occidental Petroleum Corporation. Some of his numerous other positions include: Co-Chairman of the Burkle Center for International Relations at UCLA; Trustee of the J. Paul Getty Trust; Member of the Board of the Carter Center; Trustee of the John F. Kennedy Center for the Performing Arts; member of the Executive Board for the Medical Sciences at UCLA; and, Member of the Board of AIDS Project Los Angeles. Burkle has received honors and awards including the AFL-CIO Humanitarian of the Year and The Los Angeles Urban League Whitney M. Young Award.

177 posted on 04/11/2002 4:41:22 PM PDT by kcvl
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To: habs4ever
CALPERS LAUNCHES UNPRECEDENTED WORKER-FRIENDLY MERCHANT BANK

The new leadership of CALPERS has continued to blaze new trails in the labor-capital movement, as a new national worker-friendly merchant bank was recently announced. With an expected capitalization goal of $1.5-2 billion, the new fund will be managed by Ronald Burkle of Yucaipa. Burkle, a former member of the United Food and Commercial Workers, was the AFL-CIO’s Humanitarian of the Year in 1998. Besides managing private equity, the Yucaipa American Funds eventually plan to branch into providing ancillary services, such as home loans to union members and credit-card services. A second fund-of-funds will also be developed. There have been initial discussions to ensure collaboration with the Heartland Regional Network, and, generally, the national labor-capital funds coalition.

178 posted on 04/11/2002 4:47:17 PM PDT by kcvl
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To: Liz
Yes,in a wonderfully phrased paragraph too,I did."Who's Liz,Pagey"?"A friend of mine,like YOU care".The office Staff is primarily Unabashed Lefties,you see,who care about NOTHING but their 'Petty' selves.
179 posted on 04/11/2002 4:47:55 PM PDT by Pagey
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To: kcvl
After the Enron fiasco, you'd think Dems wouldn't want to have even a whiff of conflict of interest, and now Calpers wants to establish a venture fund that may not be in keeping with its fiduciary responsiblity to its pension fund beneficiaries.Real smart, and to be overseen by two guys with no experience in running loan portfolios.Uh Huh.Will Calprers and its pension assets be expected to underwrite bad deals to help poor disadvantged....union, er....Democrat...members?? I think this something that Bill Simon ought to address.Credit unions have ben around for ages and can do the job without Calpers getting into the act, or Slick getting a piece of the action.
180 posted on 04/11/2002 4:54:42 PM PDT by habs4ever
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