Is Bill Clinton’s name worth $18 million? It is if you are a for-profit college.

The ex-president’s contract showed how his charity work overlapped with the Clintons’ private and public lives.

Source: Inside Bill Clinton’s nearly $18 million job as ‘honorary chancellor’ of a for-profit college

Billionaire George Soros, Microsoft co-founder Paul Allen and private equity investor Henry Kravis all financially back Laureate Education University.  The company paid former President Bill Clinton nearly $16.5 million as honorary chancellor from 2010 to 2015.

Laureate officials are trying to raise $1 billion in the IPO and told potential investors in a May 26, 2016, Securities and Exchange Commission (SEC) filing update the company’s financial statements may be inaccurate and unreliable, after uncovering “five material weaknesses in our internal control over financial reporting.”

 

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