Bill Clinton WAS the honorary chancellor of Laureate International Universities. Clinton Cash isn’t just taking a toll on Hillary Clinton, but it’s also coming back to bite BJ Bill Clinton in the stained blue dress too. Laureate International Universities are for-profit schools who have decided to cut their losses with honorary chancellor BJ Bill Clinton early.
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| Boom! Bill Clinton steps down from position over Clinton Cash |
Former President Bill Clinton’s role at a for-profit higher education company will end Friday, just as his wife has begun questioning some of the industry’s practices from the campaign trail.
Since 2010, Clinton has been honorary chancellor of Laureate International Universities, part of Laureate Education Inc. the world’s largest chain of for-profit colleges. His departure has nothing to do with the campaign, the company and the former president’s office said, telling Bloomberg that he had agreed to a five-year term in the position.
“Laureate students represent the next generation of leadership. I have seen a commitment to quality and leadership throughout the Laureate network, and I have enjoyed being a part of it,” Clinton said in a statement announcing his departure.
The end of the former president’s role–which came with an undisclosed paycheck–comes as the Clintons face questions about possible conflicts of interest involving their financial interests, their family foundation and Hillary Clinton’s official work at the State Department.