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    Clinton Global Initiative Shutting Down After Scandal Plagued Year

    Clinton Global Initiative Shutting Down After Scandal Plagued Year

    Foundation drastically lost donations from foreign lands.

    The Clinton Foundation has decided to eliminate the Clinton Global Initiative (CGI), the networking platform for the charity. The foundation filed a Worker Adjustment and Retraining Notification (WARN) with the New York Department of Labor.

    The foundation will lay off 22 employees and shut down its New York main office. The process began in September as the charity continued to lose foreign donations, “signaling the organization’s clout was predicated on donor access to the Clintons, rather than its philanthropic work.”

    The WARN Act “offers protection to workers, their families and communities by requiring employers to provide notice 60 days in advance of covered plant closings and covered mass layoffs. This notice must be provided to either affected workers or their representatives (e.g., a labor union); to the State dislocated worker unit; and to the appropriate unit of local government.”

    The Observer notes that the foundation established CGI in 2005:

    Both the initiative’s mission and its own definition of what it seeks to accomplish are vague. “Rather than directly implementing projects, CGI facilitates action by helping members connect, collaborate, and make effective and measurable Commitments to Action—plans for addressing significant global challenges,” states the CGI website. The Clinton Global Initiative and Clinton Foundation director of media relations have not responded to requests for a comment.

    The Clinton Foundation came under fire during the election when Wikileaks published emails obtained from Hillary Clinton’s campaign chair John Podesta. For instance, Hillary quickly named German Chancellor Angela Merkel as her favorite world leader. It turns out the German taxpayers donated $5 million to the foundation, which the government insisted went to planting trees in India, Mexico, and Vietnam. But now those donations no longer exist.

    The New York Post reported that the foundation only received $108 million in contributions, down 37% “from $172 million in 2014. Samsung and ExxonMobil did not participate in the foundation’s annual conference in September 2015.

    In one email, Doug Band, president Bill Clinton’s personal assistant in the 1990s and founder of Teneo, claimed that Chelseas Clinton used money from the foundation to pay for her lavish wedding among other things. Apparently Chelsea wanted to start an internal investigation into the foundation and CGI. In order to protect himself, Band pieced together an 11-page memo that detailed the ways President Clinton used to foundation for personal profit.

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    Comments



     
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     4
    persecutor | January 16, 2017 at 4:11 pm

    I guess 10 speeches for the price of 1 and travel via a coach ticket to the venue wasn’t enticing enough for the swells to hire Bubba and (her thighness)Sir Edmund Cankles for another year.

    Guess no one wants to hear demon spawn Chelsea either.


     
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    userpen | January 16, 2017 at 4:33 pm

    What will happen to my donations?


     
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     4
    randian | January 16, 2017 at 4:51 pm

    So what’s happening with the foundations cash and investments? My bet is the Clintons take the money, which I’m certain is illegal, but who is going to investigate to find out?


       
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      alaskabob in reply to randian. | January 16, 2017 at 5:13 pm

      “Relatively” impoverished once again. Tough living off tens of millions of dollars when your neighbors have only hundreds of millions to stave off poverty.


     
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    daveclay | January 16, 2017 at 6:06 pm

    Well, I guess they have no more influence to peddle.


     
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    tom swift | January 16, 2017 at 8:16 pm

    Strange thing to do right now.

    Most of the Clinton money machine will remain, but what seems to be its major pipeline for foreign “donations” is ending. Perhaps just going underground, but I suspect more likely genuinely ending.

    Why? Some possibilities—

    1. Perhaps the Clintons have given up any attempt to maintain a prominent position in politics. Without that, they have no favors or access to sell.

    So, why are they giving up? It’s not a trivial thing; it’s their life’s work.

    1a. Hillary or Chelsea may be willing to stay in politics, but the Democrat party machine has finally said no.

    1b. Hillary’s health may be as miserable as some have been speculating, so much so that they won’t be able to fake it even with the collusion of the press.

    1c. Chelsea just isn’t a seriously marketable commodity, at least not serious enough to attract serious money.

    1d. They’ve received reliable word that no Presidential pardon is in the pipeline, and they may hope that if they make themselves very small targets they’ll escape prosecution. Keep in mind that only they know the full extent of their crimes—but I wouldn’t be terribly shocked to learn that it’s a prosecutorial goldmine.

    2. The Clintons may be planning to stay active in politics, which means active in political corruption, but need to shut down the Initiative because they believe it’s about to be buried under investigators. In that case, they’d want to shut it before the 20th, so they can claim that any later talk of investigation is just “old news”—one of Hillary’s favorite dodges.


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