Eric Owens of The Daily Caller reports today that Bill and Hillary Clinton are deeply involved in a global and highly lucrative for-profit college venture called Laureate Education, which is backed by billionaire financier George Soros. Bill is paid an undisclosed sum of money to market the for-profit college around the world. Meanwhile, Hillary used her position as Secretary of State to help boost Laurete by making it part of her State Department Global Partnership.
According to The Daily Caller:
Former President Bill Clinton and presumed 2016 Democratic presidential frontrunner Hillary Clinton have deep ties to Laureate Education, an international conglomerate of aggressive, telemarketing-happy, for-profit colleges that is ensnared in controversy all over the globe.
The huge Baltimore-base company is America’s largest for-profit education corporation by enrollment — boasting 800,000 students worldwide. Many of its schools are located in Latin America.
Laureate scored a marketing coup when it hired Bill Clinton in 2010 as its global pitchman, reports Bloomberg. In his position as honorary chancellor, he has gone around the world over a dozen times – to places such as Peru, Malaysia and Spain — to hawk the company.
For his globetrotting efforts, the for-profit education juggernaut pays Clinton a secret sum of money. Neither Clinton nor Laureate will disclose exactly how much it is.
The company has also enthroned a small armada of old Clinton administration hands in significant board and executive positions. Among them are Henry Cisneros, former secretary of housing and urban development, and former education secretary Richard Riley.
The former president gets other perks as well. In 2012, for example, Laureate Education was one of a handful of sponsors of the Clinton Global Initiative’s CGI University.
Democratic presidential hopeful Hillary Clinton has also been squarely in cahoots with Laureate. As Secretary of State, she helped legitimize Laureate in the eyes of the world by making the for-profit education behemoth part of her State Department Global Partnership…
Additionally, in January 2013, during Clinton’s last month at the State Department, the World Bank’s investment unit invested $150 million in Laureate…
Read the full story at The Daily Caller.
(Image: PennState.Flickr)
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