Thursday, October 27, 2016

The Family Business is the Family Business, Whether it's on Mott Street or Lexington Avenue

The WaPo finally took notice of the thousands of Podesta emails that have been pushed out by WikiLeaks and did a story today about the money-making machine that is Teneo Holdings, the "C-suite advisory firm and investment banking platform" created by his one-time White House aide, Douglas Band. Read it here, Inside Bill Clinton Inc:
Band, who grew close to Bill Clinton two decades ago as his personal aide in the White House and became the architect of his post-presidential activities, argued in the memo that he and his firm had benefited the former president and his foundation.

We have dedicated ourselves to helping the President secure and engage in for-profit activities,” Band wrote. He also said he had “sought to leverage my activities, including my partner role at Teneo, to support and to raise funds for the foundation.”

Band’s memo provided data showing how much money each of Teneo’s 20 clients at the time had given to the Clinton Foundation, how much they had paid Bill Clinton and, in some cases, how he or Kelly had personally forged the relationships that resulted in the payments.

Band wrote that Teneo partners had raised in excess of $8 million for the foundation and $3 million in paid speaking fees for Bill Clinton. He said he had secured contracts for the former president that would pay out $66 million over the subsequent nine years if the deals remained in place.

Teneo Holdings ... the name is a bit redundant, since teneo is the Latin verb for to hold. Band might as well have named it the Genco Olive Oil Company, since it seems to play the same role for Clinton Inc that Genco did for the Corelone family.


Anonymous said...

TSB: Get ready for 'BS' Joe Biden as Sec State with HRC according to "THE PODESTA FILES" Who else would be better to take those bankers, Putin and the Chi-Coms to the woodshed?

And you don't have to worry about him getting his emails hacked cause everything he ever says can be summed up in a tweet! gwb

Anonymous said...

TSB: No live streaming of the big TK rally at Florida State University but I did find this: The venue of the Kaine rally only held a few hundred people, compared to the Trump rally, which held thousands. Rumors say he was handing out "I'm with Hillary Harmonicas" from the trunk of his car after the big speech and signing their slow selling book as well. gwb