WIKILEAKS - Attachment 2 - Background on Teneo and the Foundation Activities (follow the money)
Follow the money. All roads lead to Teneo.
https://wikileaks.org/podesta-emails/emailid/32240
From:doug@presidentclinton.com
To: john.podesta@gmail.com
Date: 2011-11-16 19:46
Subject:
attached is a draft reflecting Jon's suggestions
i removed he lasry section all together
im not sure that i put the memo in order pursuant to the section rearrangement so if i didn't, it was unintentional
any further recommendations are appreciated as i think this is a very important document
i would like to get it to them tomorrow or as soon as possible so please let me know your thoughts
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Attachment 1:
https://wikileaks.org/podesta-emails//fileid/32240/8828
Teneo Foundation Final (attachment title)
Background on Teneo and the Foundation Activities (document title)
by Victoria Bjorkland, Simpson, Thatcher and
Jennifer Reynoso, Simpson, Thatcher
12 pp. Word doc.
Follow the millions.
At 10-11:
For-Profit Activity of President Clinton (i.e., Bill Clinton, Inc.)
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. Neither Justin nor I are separately compensated for these activities (e.g., 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).
With respect to business deals for his advisory services, Justin and I found, developed and brought to President Clinton multiple arrangements for him to accept or reject. Of his current 4 arrangements, we secured all of them; and, we have helped manage and maintain all of his for-profit business relationships. Since 2001, President Clinton’s business arrangements have yielded more than $30 million for him personally, with $66 million to be paid out over the next nine years should he choose to continue with the current engagements.
President Clinton Paid Speeches:
In support of the President’s paid speech activity, Teneo partners have created and secured the following paid speeches for President Clinton.
UBS – $900,000 - $450,000 in 2011; $450,000 to be paid in 2012
Mr. Kelly asked UBS to offer President Clinton paid speeches based upon a concept he developed with Bob Mccann for the firm’s clients. In addition to the $540,000 UBS contributed to the Foundation, Teneo partners have secured a commitment from UBS for President Clinton to deliver three additional paid speeches for them in 2012, should he choose to do so.
Ericson – $750,000 plus $400,000 for a private plane
After meeting one of Director of Ericsson on a business trip, I learned that they were sponsoring an inaugural event in China. I pursued them to invite President Clinton to China to speak at this event. I negotiated a fee for President Clinton of $1 million dollars to speak for two one-hour sessions in Hong Kong, which he did this past weekend. In addition to the $1 million speaking fee, I negotiated additional coverage of the cost of a private plane.
BHP – $175,000 in 2012
BHP is hosting a board of directors meeting in June of 2012. We encouraged them to do it in NY and pay Presdent Clinton through Walker. The offer is currently at the state department being vetted.
Lightining
President Clinton recently turned down a 2 year, $8 million offer to become Honorary Chairman of Mati Kochavi’s new media business venture. Mati is a former client of Teneo who we were referred to through Marty Edelman. I went back to Mati and proposed a new structure without any business connectivity other than 4 speeches for $1 million and $250k to the foundation should President Clinton choose to accept it. That would also include any broadcasting of foundation events or anything President Clinton would like exposure for on his website. This offer will be presented to President Clinton in Walker speech invitations which he can choose to decline or accept with no role or relationship with the company.
Barclays
Teneo cultivated its client relationship to help secure two paid speeches in 2010 and 2011 totaling more than $700,000.
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Attachment 2:
https://wikileaks.org/podesta-emails//fileid/32240/8829
On Nov 13, 2011, at 9:21 AM, John Podesta wrote: A few suggestions:
1) I'd take one more pass through this and strip the defensive stuff out (we may have not been perfect stuff, etc.) just make it factual.
2) I'd move the sections on what Teneo does and what you do up to the top and then go through the details and how they have helped WJC; in this draft what the actual activities are sort of come in at the end.
3) If I were you I'd take Lasry out of this. You'll get into a deep debate about who's right and who's not with CC on this. The list is really strong without it, so why get into that.
