New York Times Examines 'Unease' at Clinton Foundation

Arkansas Business recently noted a change at the top of the Clinton Foundation, with longtime CEO and Clinton confidante Bruce Lindsey stepping down and Eric Braverman, a former partner in New York management consulting firm McKinsey & Co., stepping in. Lindsey will remain "intimately involved" with the foundation as board chairman and adviser to Braverman.

Today, the New York Times examines the foundation (listed at No. 5 on last year's Arkansas Business list of the largest nonprofits in the state), and finds "unease" as the nonprofit strives to establish long-term financial security and "juggle the political and philanthropic ambitions of a former president, a potential future president, and their increasingly visible daughter."

For all of its successes, the Clinton Foundation had become a sprawling concern, supervised by a rotating board of old Clinton hands, vulnerable to distraction and threatened by conflicts of interest. It ran multimillion-dollar deficits for several years, despite vast amounts of money flowing in.

And concern was rising inside and outside the organization about Douglas J. Band, a onetime personal assistant to Mr. Clinton who had started a lucrative corporate consulting firm — which Mr. Clinton joined as a paid adviser — while overseeing the Clinton Global Initiative, the foundation’s glitzy annual gathering of chief executives, heads of state, and celebrities.

The review set off more than a year of internal debate, and spurred an evolution in the organization that included Mr. Clinton’s daughter, Chelsea, taking on a dominant new role as the family grappled with the question of whether the foundation — and its globe-spanning efforts to combat AIDS, obesity and poverty — would survive its founder.

Now those efforts are taking on new urgency.

You can read the complete story right here.

Please read our comments policy before commenting.
Search

Latest Arkansas Business Poll

Did the Fed make the right call on interest rates?