Wall RSS FeedClinton to Leave Yuciapa, 20 Million Dollar Payout
Sunday, February 3rd, 2008Clinton to Leave Yuciapa, 20 Million Dollar Payout
Bill Clinton May Get Payout of $20 Million
As You may know Bill Clinton is on the board of Yucaipa which owns Allied Systems and PTS (Performance Transportation Services). Clinton is Yucaipa’s chief marketing guy. Burkle pays him $10 million a year
Allied Drivers if you were wondering where your 15% paycut has gone look no further. Most of it is in the Democrat Party.
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.
