Bill Clinton’s pay at for-profit education company topped $17.5 million
By Michael Stratford
08/12/16 05:17 PM EDT
Bill Clinton was paid more than $1 million in 2015 by Laureate Education, a global operator of for-profit colleges, according to tax returns released today by Hillary Clinton’s campaign.
The new figure brings the former president’s total compensation from Laureate to more than $17.5 million for his five-year role as an “honorary chancellor.” His role consisted of advising the company on educational matters and traveling to campuses across the world to speak to young people. Clinton ended his position at Laureate in April 2015 after Hillary Clinton launched her bid for the White House.
Laureate International Universities, the company’s international arm for which Clinton worked, has donated $1 million to $5 million to the Clinton Foundation, with a new contribution made as recently as the second quarter of this year, according to [url=https://www.clintonfoundation.org/contributors?category=%241%2C000%2C001 to %245%2c000%2c000&page=1]records[/url] posted on the foundation’s website.
Republican presidential nominee Donald Trump has criticized Hillary Clinton’s connection to Laureate. Trump has accused her of having "laundered" money through Laureate while she was secretary of state — a charge that has been discredited by fact-checkers. House Republicans have asked the feds to investigate the Clintons’ ties to Laureate.
Laureate says that its international operations represent the largest global network of degree-granting universities in the world, enrolling more than 1 million students across 28 countries. In the United States, the company owns Walden University, a Minneapolis-based online school that the Education Department has placed on a list of colleges that officials are more closely monitoring because of concerns over its “financial responsibility.”
Laureate is in the process of going public. It filed for an initial public offering last fall.
Read more: http://www.politico.com/story/2016/08/bill-clinton-laureate-for-profit-college-pay-226971#ixzz4HKY3CzMm
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