Re: Priv & Conf: FYI

From:vbjorklund@stblaw.com To: aj66@nyu.edu, john.podesta@gmail.com, brucerlindsey@aol.com, jreynoso@stblaw.com, terry@tdmca.com Date: 2011-12-06 10:55 Subject: Re: Priv & Conf: FYI

Dear Chelsea--Thank you for bringing these reports to our attention. Our work is proceeding on schedule. Jennifer and I will be happy to brief you at your convenience when you return. Best regards, Victoria IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that any tax advice contained in this communication (including any attachments) was not intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax-related penalties under federal, state or local tax law or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. ____________________________ Victoria B. Bjorklund Simpson Thacher & Bartlett LLP 425 Lexington Avenue New York, New York 10017 Tel: (212) 455-2875 Fax: (212) 455-2502 vbjorklund@stblaw.com ____________________________ ----- John, Bruce, Terry, Victoria, Jennifer - fyi re: below. I've asked that it make my father's clips (it wld historically not as I understand it). On another note, I was in London Sunday and did a Foundation event Sunday evening and two people separately voiced concerns directly to me about Teneo, neither of whom I know well (one of whom is a friend of one of Marc's old colleagues, ie we know only tangentially) and Sara Latham (whom Victoria and Jennifer, I do know well - she worked for my Dad in the WH and lives in London) voiced serious concerns to Bari - including telling her Ilya has called Members of the House and Members of Parliament, "on behalf of President Clinton," for Teneo clients (eg for Andrew Liveris and Dow who's coming this month to London), without my father's knowledge and inelegantly and ineffectually at best and at worse has now precipitating people in London making comparisons between my father and Tony Blair's profit motivations. Which would horrify my father. Sara also told Bari she started working for Teneo, as Teneo, more than a year ago and then recently stopped because she was so upset, partly because of what Doug and Declan asked her to do/ pretend was happening for their clients at Davos- that's all I know. I am hoping to connect directly with Sara this week, if only to connect her belatedly into Victoria and Jennifer. I'm speaking at an innovations in governance conference today here in Oxford and flying back later this afternoon. I will raise all of this and more with my father this evening. Wanted to update you all in the meanwhile about my augmented concerns post London and the below. Thank you. Chelsea ----- Claim: Clinton Collected $50K Per Month From MF Global Former president's new firm Teneo Strategy was hired to boost Corzine.by Neil W. McCabe12/05/2011 A former MF Global employee accused former president William J. Clinton of collecting $50,000 per month through his Teneo advisory firm in the months before the brokerage careened towards its Halloween filing for Chapter 11 bankruptcy. Teneo was hired by MF Global’s former CEO Jon S. Corzine to improve his image and to enhance his connections with Clinton’s political family, said the employee, who asked that his name be withheld because he feared retribution. “They were supposed to be helping Corzine improve his image as a CEO—I guess you can tell how that went,” he said. Corzine resigned as CEO and chairman November 4. Before Corzine joined MF Global in May 2010, the firm was a smart and well-run commodities broker, a culture that was turned upside-down by his leadership style, he said. “The traders would be shaking their heads,” he said. “They would come back to their desk and say, ‘Well, I thought we were going to do this—but Corzine would come by and do something else all by himself,’” he said. The Teneo contract with MF Global lasted at least five months, he said. “The board cancelled it after Corzine resigned.” The source, who is no longer associated with MF Global, said Teneo is a dual-track company with one side devoted to merchant and investment banking and the other side set up to provide image and strategy consulting services. Clinton is the chairman of the company’s advisory board. His duties and compensation have not been released. The other member of the board is former British prime minister Tony Blair. Two of the three founding partners are very close to the former president and his wife, Secretary of State Hillary R. Clinton. They are Douglas J. Band, who is the former president’s counselor and has served on his personal staff since 1995 and Declan Kelly, who earned the “Hillraiser” status in the secretary’s 2008 run for president for bundling more than $100,000 for the campaign. Another prominent member of the Clinton political family is Tom Shea. Shea is a senior vice president for Teneo Strategy and served as Corzine’s chief of staff, when Corzine was the governor of New Jersey. Kelly sold his public relations firm Financial Dynamics in 2006 to FTI for $340 million, and stayed with that company until July 2009, when he joined the State Department as the Economic Envoy to Northern Ireland. The source said, “Kelly was given a job they created out our whole cloth.” The job did not exist previously. “He basically got to ride around developing a book of business, while he waited for his non-compete clause to run out,” he said. Kelley and the former president traveled together networking and making introductions at international conferences and events, he said. The Secretary of State also traveled with Kelly, including the October 2010 U.S. – Northern Ireland Economics Conference, which Kelly organized and at which the secretary was the featured speaker. The secretary announced that she accepted Kelly’s resignation May 11. Teneo landed its first major client June 1, when the Rockefeller Foundation gave Teneo a $3,447,150, six-month contract to help plan the foundation’s 2013 centennial. The foundation is another member of the Clinton’s extended family. It gave Clinton its Lifetime Innovation Achievement Award July 27 and the foundation is listed as a between $1 to $5 million contributor to the William J. Clinton Foundation, along with several members of the Rockefeller family who are listed as individual contributors.