04 21 2015
  2:50 am  
     •     
40 Years of Service

WASHINGTON (CNN) -- As former Secretary of State Hillary Clinton embarks on her new career as a paid speaker, she joins a lucrative family business that already has earned her husband more than $100 million since leaving office in 2001.

And despite the sluggish economy, business is booming.

According to a CNN analysis of 12 years of federal financial records, former President Bill Clinton had his most active and profitable year on the lecture circuit in 2012, delivering 73 speeches for $17 million from mid-January 2012 through mid-January 2013. That brought his total haul in speaking fees since leaving the White House to $106 million. His previous record for annual speech income was $13.4 million in 2011.

President Clinton's speaking fees were detailed Wednesday in a financial disclosure report that his wife was required to file after resigning as secretary of state.

Secretary Clinton, who stepped down in February, is also expected to be in high demand as a paid speaker. She delivered her first paid remarks last month in Dallas to the National Multi Housing Council and has at least eight additional events scheduled in 2013.

"There are a whole lot of motivational speakers, pundits, journalists, athletes, and film-makers giving speeches, but not a lot of former presidents and former secretaries of state who were also first lady," said Amy Walter, national editor of the Cook Political Report. "It's hard to get much higher in the pantheon than that."

Both Secretary Clinton's personal office and The Harry Walker Agency, which represents the Clintons on the speaking circuit, declined to comment on how much she would earn per speech. Politico reported in February that the former first lady would earn "well into the six figures." That would likely put her at a similar tier as her husband, who records show has averaged $195,000 per speech, ranging from as little as $28,000 for one event to $750,000 for another.

Secretary Clinton's upcoming schedule provides at least one additional clue as to how much she could earn per event. In August, she will give the keynote address to the Global Business Travel Association's annual convention in San Diego. A GBTA spokeswoman declined to comment on the former secretary's speaking fee, but federal records show the group paid President Clinton $250,000 to keynote its 2012 convention in Boston. Former President George W. Bush also spoke at the 2012 event, but his speaking fees are not available to the public.

While it is not unusual for former presidents to earn millions of dollars in speaking fees after leaving office, President Clinton has been the only one subjected to strict disclosure requirements as a result of his wife's position as a high-ranking federal official, first as a U.S. senator and then as the nation's top diplomat. Now that both Clintons are private citizens, their speech income for 2013 and onward will not be available to the public unless one of them rejoins the federal government or runs for federal office.

As in previous years, the former president's highest-paying events were held overseas. He earned $5.2 million last year for 15 speeches given in 12 countries. The most lucrative was a February speech to a local newspaper publishing company in Lagos, Nigeria, for which he received $700,000. He addressed the same group in 2011 for the same amount. He earned an additional $150,000 for a June speech delivered via satellite to an audience in Australia, while on a speaking tour in Florida. The remainder of his 2012 speech income was earned before domestic audiences in 15 states and the District of Columbia.

In 12 years as a private citizen, Clinton has delivered 544 paid speeches and earned an average of $195,000 per event. He has visited 27 states, as well as the District of Columbia and Puerto Rico. His popularity on the international lecture circuit has taken him to 54 countries, where he has earned a combined $57 million, more than half of his total speech earnings. Secretary Clinton traveled nearly one million miles and visited 112 countries as the nation's top diplomat, which likely makes the Clintons among the most well-traveled couples in the world.

The former president's most popular destination outside of the United States has been Canada, where he has participated in 58 paid events for a total of $9.9 million, followed by the United Kingdom, where he earned $3.2 million for 16 events, and Mexico, where he delivered 15 speeches for $3.3 million. In 2012, he gave his first paid speeches in Costa Rica and the Czech Republic.

Within the United States, Clinton has spoken at 76 paid events in New York, 49 in California, 37 in Florida and 23 in Las Vegas, Nevada.

Clinton's annual earnings from speeches have varied from year to year depending on his schedule and availability. His 72 paid speaking events last year almost tripled the 25 paid speeches he gave four years earlier in 2008, when he spent much of the year campaigning for his wife's unsuccessful presidential bid. He gave only six paid speeches for $875,000 in 2004, when he spent much of the year writing his memoirs and recovering from heart bypass surgery.

The former president was an elected official on a fixed government salary for all but two years from 1977, when he took office as the Arkansas attorney general, until leaving the White House in January 2001. While he worked in state government, his wife, then an attorney, was the family's primary bread-winner. They swapped roles in 2001 as the president became a paid speaker and as the first lady took her seat in the U.S. Senate.

"I never had any money until I got out of the White House, you know, but I've done reasonably well since then," said Clinton of his earning power at a 2010 forum in Cape Town, South Africa.

When President Barack Obama first nominated then-Sen. Hillary Clinton to his cabinet in December 2008, the former president agreed to a number of steps to guard against possible conflicts of interest that might arise from his various post-presidential activities. In particular, he agreed to allow State Department and White House ethics officials to review his slate of proposed speaking engagements.

Now, with Secretary Clinton in private life, there will be heightened scrutiny on her speaking engagements, especially as she mulls a possible 2016 presidential bid.

"Bill Clinton is obviously very careful in the type of speeches he chooses and the groups he chooses to speak to, but he doesn't have to be as careful as Hillary now does," said Walter. "If she chooses to speak to a group or in a part of the world that's controversial, that's going to be something she's going to have to defend."

Her upcoming events include: the INSITE financial conference in Hollywood, Florida, on June 5; the Society for Human Resource Management's annual conference in Chicago on June 16; a meeting of the Economic Club of Grand Rapids on June 17; the Unique Lives & Experience women's conference in Toronto on June 20; the Global Business Travel Association convention in San Diego on August 7; the American Society for Clinical Pathology annual meeting in Chicago on September 18; the American Society of Travel Agents convention in Miami on September 19; and the REALTORS annual conference in San Francisco on November 9.

Secretary Clinton discussed her speaking plans and addressed 2016 rumors in a January interview with CNN's Jill Dougherty and Elise Labott.

"I have absolutely no plans to run.... I am out of politics right now," she said. "And I don't know everything I'll be doing. I'll be working on behalf of women and girls. I'll be hopefully writing and speaking. Those are the things I'm planning to do right now."

President Clinton's office declined to comment for this article.

 

Pacific NW Carpenters Union

Commenting Guidelines

  • Keep it clean: Please avoid obscene, vulgar, lewd, racist or sexually oriented language
  • No personal attacks: We reserve the right to remove offensive comments
  • Be truthful: Don't knowingly lie about anyone or anything
  • Be nice: No racism, sexism or any sort of -ism that is degrading to another person
  • Help us: If you see an abusive post, let us know at info@theskanner.com
  • Keep to topic: We will remove irrelevant posts and spam
  • Share with us: We'd love to hear eyewitness accounts; the history behind an article

Recently Published by The Skanner News

  • Default
  • Title
  • Date
  • Random
  • When should we use military to enforce US goals? NASHUA, N.H. (AP) — Rand Paul lashed out Saturday at military hawks in the Republican Party in a clash over foreign policy dividing the packed GOP presidential field. Paul, a first-term senator from Kentucky who favors a smaller U.S. footprint in the world, said that some of his Republican colleagues would do more harm in international affairs than would leading Democrat Hillary Rodham Clinton. "The other Republicans will criticize the president and Hillary Clinton for their foreign policy, but they would just have done the same thing — just 10 times over," Paul said on the closing day of a New Hampshire GOP conference that brought about 20 presidential prospects to the first-in-the-nation primary state. "There's a group of folks in our party who would have troops in six countries right now, maybe more," Paul said. Foreign policy looms large in the presidential race as the U.S. struggles to resolve diplomatic and military conflicts across the globe. The GOP presidential class regularly rails against President Barack Obama's leadership on the world stage, yet some would-be contenders have yet to articulate their own positions, while others offered sharply different visions. Former Florida Gov. Jeb Bush, whose brother, President George W. Bush, authorized the 2003 invasion of Iraq, declined to say whether he would have done anything different then. Yet Jeb Bush acknowledged a shift in his party against new military action abroad. "Our enemies need to fear us, a little bit, just enough for them to deter the actions that create insecurity," Bush said earlier in the conference. He said restoring alliances "that will create less likelihood of America's boots on the ground has to be the priority, the first priority of the next president." The GOP's hawks were well represented at the event, led by Florida Sen. Marco Rubio and Wisconsin Gov. Scott Walker, who has limited foreign policy experience but articulated a muscular vision during his Saturday keynote address. Walker said the threats posed by radical Islamic terrorism won't be handled simply with "a couple bombings." "We're not going to wait till they bring the fight to us," Walker said. "We're going to bring the fight to them and fight on their soil." South Carolina Sen. Lindsey Graham addressed the question of putting U.S. troops directly in the battle against the Islamic State group militants by saying there is only one way to defeat the militants: "You go over there and you fight them so they don't come here." Texas Sen. Ted Cruz suggested an aggressive approach as well. "The way to defeat ISIS is a simple and clear military objective," he said. "We will destroy them." Businesswoman Carly Fiorina offered a similar outlook. "The world is a more dangerous and more tragic place when America is not leading. And America has not led for quite some time," she said. Under Obama, a U.S.-led coalition of Western and Arab countries is conducting regular airstrikes against Islamic State targets in Iraq and Syria. The U.S. also has hundreds of military advisers in Iraq helping Iraqi security forces plan operations against the Islamic State, which occupies large chunks of northern and western Iraq. Paul didn't totally reject the use of military force, noting that he recently introduced a declaration of war against the Islamic State group. But in an interview with The Associated Press, he emphasized the importance of diplomacy. He singled out Russia and China, which have complicated relationships with the U.S., as countries that could contribute to U.S. foreign policy interests. "I think the Russians and the Chinese have great potential to help make the world a better place," he said. "I don't say that naively that they're going to, but they have the potential to." Paul suggested the Russians could help by getting Syrian President Bashar Assad to leave power. "Maybe he goes to Russia," Paul said. Despite tensions with the U.S., Russia and China negotiated alongside Washington in nuclear talks with Iran. Paul has said he is keeping an open mind about the nuclear negotiations. "The people who already are very skeptical, very doubtful, may not like the president for partisan reasons," he said, and "just may want war instead of negotiations."
    Read More
  • Some lawmakers, sensing a tipping point, are backing the parents and teachers who complain about 'high stakes' tests   
    Read More
  • Watch Rachel Maddow interview VA Secretary Robert McDonald  
    Read More
  • Some two thousand people pack halls to hear Trayvon Martin's mom speak   
    Read More
load morehold SHIFT key to load allload all
Carpentry Professionals

PHOTO GALLERY

Calendar

About Us

Breaking News

The Skanner TV

Turn the pages

Portland Opera Showboat 2
The Skanner Photo Archives