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EXCLUSIVE: Top Execs Continue To Flee Clinton-Linked Laureate Education
'The most prestigious board member of Laureate Education has announced his departure from the firm, continuing a rapid exodus of top-level executives at the Clinton-connected company.
Robert Zoellick, a former World Bank president, will leave the company at the end of December, The Daily Caller News Foundation has learned. His resignation follows on the heels of a number of unexpected departures since the company went public last February, as previously reported by TheDCNF. Those departures include the company’s founder and CEO, Douglas Becker, as well as its chief operating officer, chief legal officer, and its chief human resources officer.
The for-profit education company is best known for paying former President Bill Clinton nearly $18 million to serve as the “Honorary Chairman” at Laureate International Universities (LIU), the company’s main corporate entity. LIU also donated up to $5 million to the Clinton Foundation, according to the Clinton Foundation’s website.
The departure of such high-level executives “is very unusual,” according to Aswath Damodaran, a professor of finance at the Stern School of Business at New York University, where he teaches corporate finance and equity valuation.
When Hillary Clinton was Secretary of State, Laureate’s Becker also received $17 million for another of his organizations called International Youth Foundation. The IYF funds came from the State Department’s Agency for International Development. IYF also collaborated with many Clinton Foundation programs.
Laureate runs for-profit schools, that came under fire during former President Barack Obama’s administration. Unlike American competitors in the for-profit education industry, about 75 percent of the school operations are located overseas in about a dozen countries. Tuition from its international operations constitutes the organization’s largest single source of revenue, according to the company’s SEC 10-Q filing, a quarterly report for the period ending Sept. 30, 2017.
Laureate has been characterized as a classic “pay-to-play” operation by critics that include the company’s hiring of former heads of state and the leaders of international multinational organizations to assist in overseas operations.
The company came under fire for ties to the Clintons and a relationship with their foundation. Sixty-five members of Congress asked the FBI, the Internal Revenue Service and the Federal Trade Center to probe the Clinton Foundation in July 2016 on corruption charges that included a request to specifically examine the foundation’s relationship with Laureate.'
'The most prestigious board member of Laureate Education has announced his departure from the firm, continuing a rapid exodus of top-level executives at the Clinton-connected company.
Robert Zoellick, a former World Bank president, will leave the company at the end of December, The Daily Caller News Foundation has learned. His resignation follows on the heels of a number of unexpected departures since the company went public last February, as previously reported by TheDCNF. Those departures include the company’s founder and CEO, Douglas Becker, as well as its chief operating officer, chief legal officer, and its chief human resources officer.
The for-profit education company is best known for paying former President Bill Clinton nearly $18 million to serve as the “Honorary Chairman” at Laureate International Universities (LIU), the company’s main corporate entity. LIU also donated up to $5 million to the Clinton Foundation, according to the Clinton Foundation’s website.
The departure of such high-level executives “is very unusual,” according to Aswath Damodaran, a professor of finance at the Stern School of Business at New York University, where he teaches corporate finance and equity valuation.
When Hillary Clinton was Secretary of State, Laureate’s Becker also received $17 million for another of his organizations called International Youth Foundation. The IYF funds came from the State Department’s Agency for International Development. IYF also collaborated with many Clinton Foundation programs.
Laureate runs for-profit schools, that came under fire during former President Barack Obama’s administration. Unlike American competitors in the for-profit education industry, about 75 percent of the school operations are located overseas in about a dozen countries. Tuition from its international operations constitutes the organization’s largest single source of revenue, according to the company’s SEC 10-Q filing, a quarterly report for the period ending Sept. 30, 2017.
Laureate has been characterized as a classic “pay-to-play” operation by critics that include the company’s hiring of former heads of state and the leaders of international multinational organizations to assist in overseas operations.
The company came under fire for ties to the Clintons and a relationship with their foundation. Sixty-five members of Congress asked the FBI, the Internal Revenue Service and the Federal Trade Center to probe the Clinton Foundation in July 2016 on corruption charges that included a request to specifically examine the foundation’s relationship with Laureate.'
