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Keyword: burkle

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  • Why did billionaire pay Clinton $15 million?

    glaringly missing from the summary was mention of $15 million in fees paid by Burkle's Yucaipa Global Opportunities Fund since 2002
  • Bill Clinton, Ron Burkle, Cayman Islands Tax Haven and America

    04/05/2008 7:53:51 AM PDT · by shrinkermd · 13 replies · 727+ views
    5 April 2008 | Vanity
    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...
  • Bill Clinton Earned $15.4 Million From Burkle Firm Since 2003

    04/04/2008 11:54:55 PM PDT · by Fred · 14 replies · 164+ views
    Yahoo News ^ | 040508 | Ryan J. Donmoyer
    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....
  • Clinton Link in Brazil Ethanol Probe

    03/10/2008 3:15:27 PM PDT · by kiriath_jearim · 2 replies · 532+ views
    Breitbart ^ | 3/10/08 | ALAN CLENDENNING
    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...
  • Bill Clinton May Get Payout of $20 Million (Clinton/Ron Burkle Connection)

    02/09/2008 10:10:45 AM PST · by khnyny · 19 replies · 137+ views
    The Wall Street Journal ^ | January 22, 2008 | JOHN R. EMSHWILLER
    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...
  • Burkle Bond's Hard To Break (Ron Burkle/Shrillary)

    01/29/2008 10:15:36 PM PST · by STARWISE · 7 replies · 65+ views
    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...
  • Bill Clinton May Get Payout of $20 Million

    01/21/2008 10:33:00 PM PST · by HAL9000 · 77 replies · 293+ views
    The Wall Street Journal (excerpt, subscription) ^ | January 21, 2007 | John E. Emshwiller
    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...
  • Clinton's Ties to Burkle Include Funds in Offshore Tax Haven

    12/17/2007 10:33:03 AM PST · by khnyny · 63 replies · 490+ views
    Yahoo News ^ | December 17, 2007 | Timothy J. Burger and Ryan J. Donmoyer
    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...
  • CLAIM: BURKLE'S A DUD IN BED (mistress: Clinton pal's a lousy kisser with "zero sensuality")

    12/06/2007 6:08:11 AM PST · by Liz · 36 replies · 61+ views
    NY POST ^ | October 24, 2007 | PAGE SIX Richard Johnson
    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...
  • American Media, Source Interlink in talks (Burkle)

    10/26/2007 3:33:29 PM PDT · by CutePuppy · 1 replies · 49+ views
    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,...
  • [FOB] RON'S XINHUA PROFIT: $50M [follow the money alert]

    10/10/2007 7:42:50 AM PDT · by NativeNewYorker · 17 replies · 305+ views
    NY Post ^ | 10/10/7
    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.
  • Xinhua Finance Media, Hit by Concerns Over Governance, to Sell Stake to Yucaipa

    09/27/2007 2:12:06 AM PDT · by CutePuppy · 4 replies · 144+ views
    Wall Street Journal (no subscription) ^ | September 27, 2007 | JAMES T. AREDDY, DAVID REILLY and JOANN S. LUBLIN
    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...
  • SoCal investors sue Democratic fundraiser Norman Hsu

    09/22/2007 6:36:56 AM PDT · by george76 · 155 replies · 3,387+ views
    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...
  • Hsu thrived in 'bundling' system

    09/14/2007 1:15:43 AM PDT · by CutePuppy · 66 replies · 2,314+ views
    LATimes ^ | September 14, 2007 | Tom Hamburger, Dan Morain and Robin Fields
    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...
  • Michael Jackson thanks Burkle, Jesse Jackson for financial advice

    06/17/2007 9:23:49 AM PDT · by NormsRevenge · 3 replies · 193+ views
    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...
  • Clintons dissolve blind financial trust

    06/15/2007 7:56:10 AM PDT · by COUNTrecount · 31 replies · 732+ views
    MSNBC ^ | June 15, 2007 | By John Solomon
    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...
  • Bill Clinton owns a jewelry store in London and an offshore data company in India

    06/14/2007 2:10:05 PM PDT · by HAL9000 · 37 replies · 3,308+ views
    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...
  • Journalists Seek Murdoch Alternatives

    06/06/2007 12:39:01 PM PDT · by MovementConservative · 5 replies · 261+ views
    washingtonpost.com ^ | Wednesday, June 6, 2007; Page D01 | Frank Ahrens
    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...
  • Burkle Expresses Interest in Dow Jones

    06/05/2007 9:08:25 AM PDT · by oblomov · 19 replies · 501+ views
    AP ^ | 6/5/2007 | Seth Sutel
    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...
  • Lawsuit: Murdoch killed negative Clinton stories

    05/21/2007 5:00:43 PM PDT · by wagglebee · 16 replies · 1,399+ views
    WorldNetDaily ^ | 5/21/07 | WorldNetDaily
    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...