Saturday, May 26, 2007

Clinton Benefactor Sued By Shareholders

Interesting.

For the past four years, the Clintons have jetted around on Vinod Gupta’s corporate plane, to Switzerland, Hawaii, Jamaica, Mexico—$900,000 worth of travel. The former president secured a $3.3 million consulting deal with Gupta’s technology firm. His presidential library got a six-figure gift, too.

Gupta, whose big donations to the Democratic Party earned him a Lincoln Bedroom overnight when Bill Clinton was president, has emerged as a key benefactor of Clinton’s post-presidency—and Hillary Rodham Clinton’s presidential candidacy.

Gupta’s generosity toward the Clintons has proved so controversial within his firm—a major provider of database-processing services—that it prompted a shareholder lawsuit complaining that hiring the former president was a “waste of corporate assets.”

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Posted by Owen at 1409 hrs
Law + Politics + Politics - General

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