A memo of 2011 says, an aide to Bill Clinton laid out the messy relationship between the Clinton Foundation and his own personal interests, detailing how few of donors of foundation also gave money to Clinton to speak and provide consulting services.
On Wednesday, the release of the memo was made as component of a Wikileaks dump of Hillary Clinton’s campaign chairman John Podesta’s hacked emails.
Doug Band, who was an aide to Bill Clinton for a very long time,made the memo of 2011 shown as a part of an internal audit at the Clinton Foundation. In putting efforts to make them understand his role in the Foundation, Band also brought up a number of incidents he and his consulting company, Teneo Holdings, gave a helping hand to Bill Clinton secure for-profit contracts.
The memo, which was being handed over to a few in Clinton’s inner circle which includes Podesta, reinforces Republican criticisms of the relationship between the foundation and professional interests of the Clintons along withe assosiates.
Band wrote “Independent of our fundraising and decision-making activities on behalf of the Foundation, we have dedicated ourselves to helping the President secure and engage in for-profit activities — including speeches, books, and advisory service engagements,”In that context, we have in effect served as agents, lawyers, managers and implementers to secure speaking, business and advisory service deals. In support of the President’s for-profit activity, we also have solicited and obtained, as appropriate, in-kind services for the President and his family — for personal travel, hospitality, vacation and the like.”
He further added “We do not receive a fee for, or percentage of, the more than $50 million in for-profit activity we have personally helped to secure for President Clinton to date or the $66 million in future contracts, should he choose to continue with those engagements, “Laureate is a Foundation relationship that evolved into a personal advisory services business relationship for President Clinton,” Band wrote in the memo. He said he began managing the relationship which Teneo partners took over in 2011, and which Band said “is very time-consuming. Laureate pays President Clinton $3.5 million annually to provide advice and serve as their Honorary Chairman.”