Doug Band explains the "$50 million in for-profit activity" he was able to secure for Bill Clinton (as of November 2011) as well as the "$66 million in future contracts, should he choose to continue with those engagements."
"Independent of our fundraising and decision-making activities on behalf of the Foundation, we have dedicated ourselves to helping the President secure and engage in for-profit activities – including speeches, books, and advisory service engagements."
"In that context, we have in effect served as agents, lawyers, managers and implementers to secure speaking, business and advisory service deals."
"In support of the President’s for-profit activity, we also have solicited and obtained, as appropriate, in-kind services for the President and his family – for personal travel, hospitality, vacation and the like."
"Neither Justin nor I are separately compensated for these activities (e.g., we do not receive a fee for, or percentage of, the more than $50 million in for-profit activity we have personally helped to secure for President Clinton to date or the $66 million in future contracts, should he choose to continue with those engagements)."
"With respect to business deals for his advisory services, Justin and I found, developed and brought to President Clinton multiple arrangements for him to accept or reject."
"Of his current 4 arrangements, we secured all of them; and, we have helped manage and maintain all of his for-profit business relationships."
"Since 2001, President Clinton’s business arrangements have yielded more than $30 million for him personally, with $66 million to be paid out over the next nine years should he choose to continue with the current engagements."
"A big part of those "for-profit" activities was a $3.5mm annual payment from Laureate"
(... and tens of millions in speaking fees arranged by Band)
http://finance.yahoo.com/news/leaked-memo-shows-clinton-foundation-183100098.html
