January 22, 2008, - 11:08 am

Dubai, Dubai, Do: The Sweet Sound of Bill Clinton’s $20 Mill Emirates Payoff

By Debbie Schlussel
For years we’ve heard about the millions Dick Cheney was still getting as part of his payout from Halliburton. And I’ve written about the extensive Bush (and Clintonista) pay-offs from the United Arab Emirates, including Dubai–ie., Presidential loser bro Neil Bush’s hundreds of thousands in pay-offs from the seven-state Gulf confederation.
Well, now, we come to find out that Bill Clinton stands to make $20 million as profit from his partnership with anti-Semitic Dubai leader Sheikh Mohammed bin Rashid Al-Maktoum. And we also learn that the former Prez has a scholarship program in Dubai, in which Jewish Israelis and Americans with Israeli stamps in their passports cannot participate (more on Dubai’s apartheid travel policy, here and here):

billclinton.jpgmohammedbinrashidalmaktoum.jpg

Friend of Bill/Hill: Slick Willie to Get Huge Payday

From Dubai Leader Mohammed Bin Rashid Al-Maktoum

Former President Clinton stands to reap around $20 million — and will sever a politically sensitive partnership tie to Dubai — by ending his high-profile business relationship with the investment firm of billionaire friend Ron Burkle. . . .
Mr. Clinton is also one of three owners of the global fund’s general partner. The others are Mr. Burkle, who is the managing member, and an entity connected to the ruler of Dubai, Sheikh Mohammed bin Rashid al-Maktoum. . . .
Mr. Clinton is also one of three owners of the global fund’s general partner. The others are Mr. Burkle, who is the managing member, and an entity connected to the ruler of Dubai, Sheikh Mohammed bin Rashid al-Maktoum. . . .
Under his arrangement with Yucaipa, Mr. Clinton has the right to opt out of a particular investment, according to people familiar with the matter. Mr. Clinton exercised that option in the Xinhua case — possibly out of concern that such an alliance could cause headaches for his wife’s presidential bid. Yucaipa invested about $25 million in the company.
In an October filing with the Securities and Exchange Commission concerning the Xinhua investment, Yucaipa disclosed that one member of its global fund’s general partnership was Dubai Investment Group (YGP) Ltd., which is connected to a much larger group of entities owned by Sheik Mohammed that has investments around the world.
Since leaving the White House, Mr. Clinton has had various contacts with Dubai. For example, Sheik Mohammed last year pledged financial support to a Clinton charitable initiative, and the former president’s foundation has a scholarship program at the American University in Dubai in cooperation with the emirate’s ruler.

Someone ought to ask wanna-be Prez, Mrs. Clinton, why her husband is helping prop up Dubai–which officially and openly participates in the Arab boycott of Israel and which officially and openly practices apartheid by banning Jewish Israeli citizens and everyone, including Americans, who has an Israeli stamp in his/her passport–with scholarships at their universities.
The Islamic world’s apartheid must end. But it never will if we continue to elect and honor Presidents and former Presidents–Republican and Democrat–who enable these states.
Oh, and the Emirates’ “little” involvement in the 9/11 hijackings and refusal to cooperate with investigators. No biggie, either, I presume.
We looked the other way and gave them not even a slap on the hand.

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8 Responses

[Someone ought to ask wanna-be Prez, Mrs. Clinton, why her husband is helping prop up Dubai]
Dubai is considered an American ally in the Islamic world, that’s why. All that stuff about apartheid is due to the bad blood between Israelis and Arabs over Israel. Once the Israeli-Palestinian conflict is resolved, these walls will hopefully come down. Remember both Bush and Dubai agree that Israel must cease all settlement activities in the Palestinian territories.
But Kudos to Bill Clinton for “pulling out”.

Norman Blitzer on January 22, 2008 at 1:06 pm

Norman Blitzer
You are so naive.
If you actually believe that Dubai will ever stop hating the Israelis, I have some land for sale at bargain basement prices out here in Palm Springs.
Dubai will stop with the “bad blood” when Israel ceases to exist.

ScottyDog on January 22, 2008 at 5:28 pm

“Once the Israeli-Palestinian conflict is resolved…”
The snarky comment would be, “shortly after the Cubs win their 22nd World Series. In a row.”
The slightly-less-snarky comment would be, “and we should all live so long.”
The sad reality is, this particular conflict will NEVER be resolved. As long as the Israelis continue their stubborn insistance on existance, that is.

DocLiberty on January 22, 2008 at 7:40 pm

I thought of the comparison with Cheney also, when I read the WSF article. I’m not a fan of huge executive compensation, especially when the compensation standards are not linked to performance, or when the performance standards are artifically constructed to ensure large bonuses. Having said that though, Cheney’s payout was not excessive as executive payouts go. It was far less, for instance, than the payouts that many top execs of the failing financial institutions (e.g. Merrill Lynch) have gotten. At least Cheny did something to earn the money; he ran the company and it is still going strong. What did Clinton do? How did he become a top partner in this concern? Maybe he had something to offer, such as access to Washington, and his windfall is like a glorified cattle futures payout. It is really a disgrace to see ex-presidents involved in sleazy activities like this. It demeans the dignity of the office, even aside from giving aid and comfort to an enemy of the United States, and from every indication, giving them increased access and influence in Washington, thereby promoting terrorist interests and damaging the security of the United States — although I guess this is just routine for him, given his record.

c f on January 22, 2008 at 8:29 pm

The guy in the headgear looks like a clone of Burt Reynolds.

TheOmegaMan on January 22, 2008 at 10:51 pm

And the other guy just looks like a pervert.

TheOmegaMan on January 22, 2008 at 10:52 pm

ScottyDog, you’re missing the point.
I never stated that Dubai would stop hating Jews, but once the Israeli-Palestinian conflict is resolved, there will be no basis for overt discrimination against Israelis in Dubai. An analogy would be if Cuba got rid of Castro and communism, there would be no reason for the US embargo. Don’t get me wrong. I’m not comparing Israel to Cuba, or stating that Israel systemically violates the human rights of Palestinians. What I’m saying is that Dubai probably feels this way.
DocLiberty posted:
[The sad reality is, this particular conflict will NEVER be resolved.]
The reality is, IT HAS TO BE RESOLVED!

Norman Blitzer on January 23, 2008 at 1:05 am

So Norm, if “IT HAS TO BE RESOLVED,” how are you going to convince the Israelis to fall on their swords?

DocLiberty on January 23, 2008 at 8:10 pm

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