Bill Clinton’s most-trusted confidant complained the former president had several conflicts of interest regarding his controversial namesake foundation, according to purported emails released this month by WikiLeaks.
The emails, stolen by hackers from Hillary Clinton Campaign Chairman John Podesta’s Gmail account, come from a particularly rocky period internally for the Clinton Foundation during late 2011 and early 2012.
That’s when Clinton Foundation offshoot the Clinton Global Initiative and a new business started by top Clinton aide Doug Band, Teneo Holdings, were creating friction with each other -- as employees struggled to figure out just how closely the entities should be associated. Much of the concern stemmed from Band and Clinton’s dual positions with Teneo and CGI.
I signed a conflict of interest policy as a board member of cgi,” Band wrote in a Nov. 17 email to Podesta in which he referred to Clinton by his initials, WJC.
Band is given credit in most reports for conceiving CGI, and he was on the Clinton payroll through 2011, The New Republic reported. When Band and co-founder Declan Kelly, a former economic envoy for Secretary of State Hillary Clinton, started Teneo in June 2011, Bill Clinton was listed as an adviser.
But the launch of Teneo also complicated the relationship, especially considering numerous reports suggest Band and Kelly used their Clinton connections to drum up and maintain business for the new company.
In late 2011, several events changed Band’s association with CGI: (1) Chelsea Clinton was appointed to the CGI board; (2) A CGI corporate audit was ongoing; (3) It was reported that Teneo was paid $125,000 per month by MF Global, a brokerage firm that lost $600 million of investors’ money; and (4) Hillary Clinton worried about the perception that Teneo’s overseas clients influenced her judgment as Secretary of State, according to The New Republic.
The Podesta emails reveal there was no love lost between Chelsea Clinton and Band, with notes from both sent to Podesta privately excoriating the other.
The corporate audit, at the same time, was exposing holes in the company’s conflict-of-interest safeguards, according to a Summary of the Audit Report Outcomes found in the hacked emails.
The emails, stolen by hackers from Hillary Clinton Campaign Chairman John Podesta’s Gmail account, come from a particularly rocky period internally for the Clinton Foundation during late 2011 and early 2012.
That’s when Clinton Foundation offshoot the Clinton Global Initiative and a new business started by top Clinton aide Doug Band, Teneo Holdings, were creating friction with each other -- as employees struggled to figure out just how closely the entities should be associated. Much of the concern stemmed from Band and Clinton’s dual positions with Teneo and CGI.
I signed a conflict of interest policy as a board member of cgi,” Band wrote in a Nov. 17 email to Podesta in which he referred to Clinton by his initials, WJC.
Band, who started as Clinton’s “body man” during the White House days, had risen by 2011 to become one of the ex-president’s closest advisers.“…Oddly, wjc does not have to sign such a document even though he is personally paid by 3 cgi sponsors, gets many expensive gifts from them, some that are at home etc.”
He added: “I could add 500 different examples of things like this.”
Band is given credit in most reports for conceiving CGI, and he was on the Clinton payroll through 2011, The New Republic reported. When Band and co-founder Declan Kelly, a former economic envoy for Secretary of State Hillary Clinton, started Teneo in June 2011, Bill Clinton was listed as an adviser.
But the launch of Teneo also complicated the relationship, especially considering numerous reports suggest Band and Kelly used their Clinton connections to drum up and maintain business for the new company.
In late 2011, several events changed Band’s association with CGI: (1) Chelsea Clinton was appointed to the CGI board; (2) A CGI corporate audit was ongoing; (3) It was reported that Teneo was paid $125,000 per month by MF Global, a brokerage firm that lost $600 million of investors’ money; and (4) Hillary Clinton worried about the perception that Teneo’s overseas clients influenced her judgment as Secretary of State, according to The New Republic.
The Podesta emails reveal there was no love lost between Chelsea Clinton and Band, with notes from both sent to Podesta privately excoriating the other.
The corporate audit, at the same time, was exposing holes in the company’s conflict-of-interest safeguards, according to a Summary of the Audit Report Outcomes found in the hacked emails.