Keyword: burkle
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glaringly missing from the summary was mention of $15 million in fees paid by Burkle's Yucaipa Global Opportunities Fund since 2002
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I note from Bloomberg News that last year the former president received 2.8 million from a partnership with Ron Burkle. There are actually three Cayman Island accounts that Burkle pays Clinton from. To date, former President Clinton has received 15.5 million from Burkle's efforts. The link for this information can be found: HERE. Wikipedia describes the Burkle and Clinton Cayman Island relationship as follows: "..Recent calls for the release of Senator and presidential candidate Hillary Clinton and former president Bill Clinton's tax returns have brought to light the fact that President Clinton is expecting a $20,000,000 payout from Burkle's supermarket...
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The earnings represent 20 percent of the approximately $75 million Bill Clinton earned during the same period, according to the documents. That may raise new questions about what services he performed for Los Angeles-based Yucaipa, whose investors include the ruler of Dubai, Sheikh Mohammed Bin Rashid al- Maktoum.Tax lawyers said the Yucaipa partnership income for Bill Clinton looks to be a form of salary because it was in round numbers for most years. ``Most people who make that much money work for it,'' said Yale University tax law professor Michael Graetz, a former Treasury Department official in President George H.W....
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SAO PAULO, Brazil (AP) - A team from Brazil's Labor Ministry found "degrading" living conditions for 133 sugarcane workers employed by an ethanol company whose investors include former President Clinton and other high- profile financial players. At five sites inspected, workers "complained they were suffering from hunger and cold, and all of the locations were overcrowded and with terrible sanitary conditions," according to a statement issued Friday by Jaqueline Carrijo, who led the inspections last month. The target of the probe, Brazil Renewable Energy Co., known as Brenco, apologized over the weekend and said it is fixing the problems at...
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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. The former president has had...
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SO much for reports that Bill and Hillary Clinton were trying to distance themselves from Ron Burkle. The Beverly Hills billionaire has been named one of the five national finance chairs for Hillary's presidential campaign, sources say. Earlier this month, it was reported Bill Clinton was severing his partnerships in Burkle's Yucaipa Companies and walking away with $20 million. The thinking was that Burkle's wheeling and dealing, with interests in Dubai and in real estate divested by the Vatican, could result in conflicts of interest and hand ammunition to Hillary's political opponents. *snip* The other four Clinton finance chairs are...
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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. The former president has...
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Former President Bill Clinton's decision to reconsider a business relationship with California billionaire Ron Burkle reflects concern those financial dealings may embarrass his wife's presidential candidacy. Securities and Exchange Commission documents and financial- disclosure forms filed by Hillary Clinton show that Bill Clinton, 61, has a financial stake in three investment entities registered in the Cayman Islands by Burkle's Yucaipa Cos. LLC. In 2004, Hillary Clinton, a New York senator, said she wanted to ``close the loopholes'' for ``people who create a mailbox, or a drop, or send one person to sit on the beach in some island paradise and...
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Babe-chasing billionaire Ron Burkle is a "sexually inept lover" with "zero sensuality"...... Chevyn McClintock was the "unofficial mistress" of the then-married supermarket czar and pal of Bill Clinton. "The only area in life he appeared not to have confidence in was in natural sexual aggression, so I would initiate that transition after a few strong cocktails or large glasses of wine," she writes. "He loved to kiss me but he was not adept....reminded me of getting kissed awkwardly in the fourth grade." McClintock served as Burkle's "hostess for many of the Clinton fund-raisers held at his Greenacre estate in...
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American Media, Source Interlink in talks: report Fri Oct 26, 2007 4:45am EDT NEW YORK (Reuters) - American Media Inc. and Source Interlink Co. (SORC.O: Quote, Profile, Research), two magazine publishers, are discussing a merger, the New York Post reported on Thursday, citing sources close to the matter. Source Interlink's major stockholder, supermarket magnate Ron Burkle's Yucaipa Cos, and American Media's CEO David Pecker, are close to a deal but questions remain about who would run the combined company, the paper said. A deal would bring together American Media's titles, which include the Star, the National Enquirer and Men's Fitness,...
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October 10, 2007 -- Ron Burkle's recent investment in embattled Chinese company Xinhua Finance Media was done at a sharply discounted price, netting the billionaire private-equity investor an instant $50 million paper profit. According to a filing yesterday from with the Securities and Exchange Commission, Burkle's Yucaipa Cos. paid $3 per share, or $25.7 million, for slightly more than 8.57 million shares.
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Burkle-Led Group Gives Lift to Stock Of the Chinese Firm September 27, 2007; Page C2 Xinhua Finance Media Ltd., battling concerns about its governance practices and those of its Chinese parent, said U.S. investment firm Yucaipa Cos. would purchase an unspecified stake in the company from insiders. ..... Xinhua Finance's $45 million acquisition of Glass Lewis this year thrust the Chinese company into the spotlight when two Glass Lewis executives, including the former chief accountant of the U.S. Securities and Exchange Commission, resigned after the takeover. Standard & Poor's recently downgraded Xinhua Finance because of corporate-governance concerns. ..... In recent...
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A Laguna Beach investment firm filed a lawsuit against Democratic fundraiser Norman Hsu on Friday, claiming he defrauded investors out of at least $23 million and required them to donate to Democratic candidates. According to the lawsuit filed by Briar Wood Investments, Hsu persuaded the company's operator to do business with him by taking him to star-studded Democratic Party events. There, the 56-year-old Hong Kong native was praised by New York Sen. Hillary Rodham Clinton, California Atty. Gen. Jerry Brown and others, the lawsuit said. As a condition of doing business with the fundraiser, Hsu directed investors to make contributions...
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Campaign finance changes helped create the environment in which a fugitive could be welcomed by Kennedys and Clintons. By Tom Hamburger, Dan Morain and Robin Fields WASHINGTON — When Bill Clinton received an award at a gala dinner honoring the late Robert F. Kennedy last year, the former president expressed his thanks before an audience that included a Nobel Prize winner and a glittering array of show business celebrities and Wall Street titans. Yet the second sentence of his remarks expressed special gratitude to a man almost no one there had heard of: "our friend Norman Hsu." The story of...
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Michael Jackson says in a court deposition that the Rev. Jesse Jackson and billionaire Ron Burkle gave him advice to help save him from financial disaster when he was fighting child molestation charges. The Daily News said in Sunday editions it reviewed seven hours of transcripts, finding that the singer believed disloyal advisers took advantage of him financially before a Santa Maria, Calif., jury acquitted him of child molestation in June 2005. Michael Jackson said in a deposition taken last summer in Paris that the entertainment industry was "full of sharks, charlatans and impostors." "Because there's a lot of money...
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Bill and Hillary Clinton have dissolved the blind trust that has managed their investments since they entered the White House in 1993, converting all stocks to cash to avoid financial conflicts as she runs for president, according to documents to be filed today with federal ethics officials. The documents reviewed by The Washington Post provide the most complete accounting of how the Clintons accrued $5 million to $25 million in wealth -- nearly all since leaving the White House -- through investments in foreign companies, oil giants and drugmakers without their input or knowledge and without public disclosure. The former...
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Just looking through Hillary Clinton's financial disclosure papers, released today and available at this link - http://tray.com/pfd/S07pfd/00001/00001217.pdf Some interesting new developments - Bill Clinton is the sole owner of "WJC International Investments LP, LLC" in New York, NY. It holds such interests as - Yucaipa Global Partnership Fund, LP (investment partnership that invests in securities of corporations that conduct significant operations in foreign countries) (general partner is YGOF GP, Ltd, c/o 1930 W. Sunset Blvd, Los Angeles CA 90069) Garrard Worldwide Holdings Ltd (retail jeweler with flagship store in London, England). Garrard is the Crown Jeweller, and appears to...
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The union that represents Wall Street Journal employees is working urgently to undercut Rupert Murdoch's bid for the paper by trying to drum up interest from other potential buyers. So far, the union's most hopeful prospect is a Southern California billionaire who is a two-time loser in bidding for newspaper companies over the past two years. Steven Yount, president of the Independent Association of Publishers' Employees, said his union has written letters to supermarket magnate and billionaire Ronald W. Burkle, Berkshire Hathaway chief executive Warren E. Buffett and several other rich people, hoping to entice them to bid on the...
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NEW YORK (AP) -- Billionaire investor Ron Burkle is interested in exploring a bid for Dow Jones & Co., publisher of The Wall Street Journal, in conjunction with the union that represents Journal employees, the head of the union said Tuesday. The union, the Independent Association of Publishers' Employees, had reached out to Burkle and other potential bidders after Dow Jones' controlling shareholders agreed to meet with Rupert Murdoch to consider his $5 billion bid for the company. The union and many Journal employees, as well as a significant shareholder, Jim Ottaway Jr., remain fiercely opposed to Murdoch's bid, saying...
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Media mogul Rupert Murdoch ordered his U.S. editors to kill any negative stories about President Clinton and his wife Hillary, according to claims in a lawsuit. Murdoch, whose News Corp. of America owns the Fox News Channel and the New York Post, is being sued by former Post gossip writer Jared Paul Stern, who contends he was fired illegally, reports the UK's Press Gazette. The Post dismissed Stern last year after he allegedly demanded $100,000 and a $10,000 monthly stipend from California businessman Ron Burkle to keep negative stories about him out of the paper. Charges about how Murdoch...
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