Sunday, April 06, 2008

Bill Clinton Earned $15.4 Million From Burkle Firm

April 5 (Bloomberg) -- "Former President Bill Clinton has earned $15.4 million from billionaire Ron Burkle's Yucaipa Cos. investment firm since 2003, according to tax documents released by his wife, presidential candidate Hillary Clinton.

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. Bush's administration. ``What are they being paid for, and if it's the Sheikh of Dubai paying the husband of somebody who might be the next president of the United States, what do they think they're paying for?''

Um, lemme think....


Pithy anecdotes?

Advice on how to nail a 19 year-old? In your office. Your paid for by the people, government office. With your wife and daughter in the building.

One thing they can't be giving him millions of dollars for, is to assure favorable treatment should Hillary become President.


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