A very interesting document released courtesy of Wikileaks detailing how the Clinton Foundation was basically a money making scheme for the Clintons, as well as serving to establish a political power base for them:
One of Bill Clinton’s closest confidants outlined in a lengthy 2011 memo how he and another aide helped secure at least $50 million in speaking fees and other ventures for the former president – in addition to raising “the bulk” of funds for the controversial Clinton Foundation.
The 12-page memo from Doug Band, released Wednesday by WikiLeaks, was designed to highlight the crucial role he – and his global strategy company Teneo – played in procuring money for the ex-president and Clinton’s namesake foundation.
“Throughout the past almost 11 years since President Clinton left office, I have sought to leverage my activities, including my partner role at Teneo, to support and to raise funds for the Foundation,” Band wrote. “This memorandum strives to set forth how I have endeavored to support the Clinton Foundation and President Clinton personally.”
Under a section titled “For-Profit Activity of President Clinton (i.e., Bill Clinton, Inc.),” Band wrote that he and Clinton aide Justin Cooper “found, developed and brought” to Clinton all four of his advisory arrangements at the time – arrangements that “yielded more than $30 million for him personally, with $66 million to be paid out over the next nine years should he choose to continue with the current engagements.” The memo also included a footnote explaining how Clinton’s speaking agent estimated that during a 10-year period, “$20 million in speeches for the President have derived … from Justin and my efforts.”
What’s more, Band and Cooper apparently helped make Clinton wealthy – and “solicited and obtained … in-kind services … for personal travel, hospitality, vacation and the like” – at no extra charge.
“Neither Justin nor I are separately compensated for these activities,” Band wrote, noting the pair didn’t take a “fee” or “percentage” of Clinton’s income, only collecting their standard Foundation salaries.