Subject: Fwd: Teneo
From: Cheryl Mills <[email-masked]>
To: [email-masked]
Date: Mon, 5 Dec 2011 21:32:38 -0500

---------- Forwarded message ----------
From: Caitlin Klevorick <[email-masked]>
Date: Mon, Dec 5, 2011 at 7:01 PM
Subject: Teneo
To: Cheryl Mills <[email-masked]>

Claim: Clinton Collected $50K Per Month From MF Global

*Former president's new firm Teneo Strategy was hired to boost Corzine.***

*by Neil W. McCabe<http://www.humanevents.com/search.php?author_name=Neil%20W.+McCabe>
*

12/05/2011

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<http://www.humanevents.com/article.php?id=47938>
.

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<http://www.humanevents.com/article.php?id=47938>.
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.

*[In the preparation of this story, several emails and phone calls were
placed to Teneo, MF Global and the State Department for comment. In each
case, there was no response.]*