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KoKo

(84,711 posts)
Sat May 28, 2016, 11:12 AM May 2016

How a Clinton Insider Used His Ties to Build a Consulting Giant--Politico Investigative Report



Hillary gave a special State Department post to an ex-fundraiser — even as he was laying the groundwork for a global firm with ties to her husband called Teneo.

By Rachael Bade

04/13/16 05:56 AM EDT

When Hillary Clinton became secretary of state she personally sought out a man named Declan Kelly to be her economic envoy to Northern Ireland, giving her 41-year-old former fundraiser a special status outside normal diplomatic channels.

“Yeah! Is he now official? Can I call him? Can I ask him to start?” she wrote in an Aug. 28, 2009 email to her chief of staff, Cheryl Mills.

By some measures, Kelly was a bargain for the government. The Ireland-born businessman refused a salary, hired five staffers on his own dime and pushed for U.S. companies to invest in the once-troubled region, a diplomatic priority for Clinton.

But while serving as Clinton’s special envoy, reaching out to global corporations for those investments, he was also working for two of them as a private consultant — earning about $2.4 million from Dow Chemical, a longtime client of his and one of the firms that participated in Clinton’s Ireland initiative.

It was also during this time period that Kelly and Doug Band, a close aide to former President Bill Clinton, were preparing to launch a global consulting business that would soon become a well-known and controversial success story. Their new venture, Teneo Holdings, would go on to employ numerous Hillary Clinton associates, including her closest confidante, Huma Abedin, and, for a time, Bill Clinton as “honorary chairman,” giving clients rare access to the couple and their network of world leaders.

The fact that Kelly and Band were laying the groundwork for their enterprise while Kelly was working for the State Department, reported here for the first time, represents a fresh illustration of the blurring of the lines between Hillary Clinton’s political network and her State Department that critics have long noted. And it shows how one enterprising fundraiser was able to insinuate himself into Clinton's inner circle and then built a 500-person, multinational consulting firm whose value, at least at first, was greatly enhanced by its founders’ closeness to the Clintons.

Continued at......

http://www.politico.com/story/2016/04/teneo-final-221807

21 replies = new reply since forum marked as read
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How a Clinton Insider Used His Ties to Build a Consulting Giant--Politico Investigative Report (Original Post) KoKo May 2016 OP
This is just the beginning sandyshoes17 May 2016 #1
worse than the gilded age. shameless to the bone. so much greed roguevalley May 2016 #12
HRC - Too Flawed For Too Long - To Be President cantbeserious May 2016 #2
thanks grasswire May 2016 #3
K N R-ed Faux pas May 2016 #4
Definition of cronyism. floriduck May 2016 #5
especially since NJCher May 2016 #18
Teneo & The Clinton Machine KoKo May 2016 #20
K&R Duval May 2016 #6
This is the real problem... HRC's donors will be calling the shots... modestybl May 2016 #7
Tip of... kadaholo May 2016 #8
Teneo Holdings KoKo May 2016 #19
Hell, maybe journalism is making a comeback. eom zalinda May 2016 #9
Oh hell,,,, the Sky is FAlling!,,,, again Cryptoad May 2016 #10
given corruption it is roguevalley May 2016 #14
Kelly "pushed for U.S. companies to invest in the once-troubled region." Ireland and outsourcing. antigop May 2016 #11
Irish outsourcing firm creates 350 tech jobs (updated) antigop May 2016 #13
Press statement: Resignation of Economic Envoy for Northern Ireland Declan Kelly antigop May 2016 #15
Teneo’s Declan Kelly delivers Bill Clinton, keeps expanding KoKo May 2016 #17
Why was investing in Northern Ireland 'a diplomatic priority for Clinton"? antigop May 2016 #16
Remarks at the U.S.-Northern Ireland Economic Conference antigop May 2016 #21

NJCher

(35,691 posts)
18. especially since
Sat May 28, 2016, 03:09 PM
May 2016

After Declan Kelly vacated the position, it was never filled again.

Hey, let's just invent jobs for our friends, and the friends are so rich, they make up jobs (and fund them themselves) with names that sound like state department jobs!

I couldn't make this stuff up.

And as far as HRC goes, I don't know how the hell she can even go to work in the morning and know who the hell she's working for. State department/US gov't? Clinton Foundation?

Oh excuse me, yes I do, too, know. No matter what the title, no matter who's signing the check, Hillary Clinton is working for Hillary Clinton. End of story.


Cher

KoKo

(84,711 posts)
20. Teneo & The Clinton Machine
Sat May 28, 2016, 03:13 PM
May 2016

Teneo & The Clinton Machine

APRIL 30, 2015

“Machine politics”—today the phrase seems quaint, evoking a bygone Gilded Age of Tammany Hall, cigar smoke and burly ward bosses getting out the vote. But as investigative journalists focus on the torrent of cash generated by “Clinton Inc.”—and the growing evidence of the influence obtained by that cash—it’s becoming clear that this is something new. Whether by design or happenstance, Bill and Hillary Clinton have created the first truly 21st century political machine.

Partly a philanthropy (the Clinton Foundation), partly a platform for post-presidential private enterprise (Bill’s speeches and consulting), at one time a presidential campaign-in-waiting (Hillary at the State Department and after), Clinton Inc. is everywhere and nowhere. It zooms across borders—Bill is in Africa! Hillary is teleconferencing in New York! Chelsea is speaking at the Council on Foreign Relations!—a creature of the digital age and global ambition, powered by celebrity, image and spin, relentlessly raking in money. It includes the Clinton Global Initiative, a glitzy stage for big money pledges to various Clinton endeavors presided over by the Big Dog himself, the Clinton Global Initiative University and the Clinton Presidential Library in Little Rock. Under the auspices of the foundation, there is the Clinton HIV/AIDS Initiative, the Clinton Climate Initiative, the Clinton Giustra Sustainable Growth Initiative, the Clinton Giustra Enterprise Partnership, the Clinton Development Initiative, the Clinton Economic Opportunity Initiative, and the Alliance for a Healthier Generation. Just last week, Chelsea emailed me an update on the foundation’s “No Ceilings” initiative. Chelsea urged me to “donate before midnight to help my family’s foundation change lives.”

Then there is Teneo Holdings, a global consulting firm with deep Clinton connections. Teneo serves as a kind of private-enterprise satellite to Clinton Inc. Doug Band, Mr. Clinton’s right-hand man for many years, is a Teneo founder. Huma Abedin, Mrs. Clinton’s right-hand woman for many years, was a senior advisor to Teneo at the same time she held a top position as part of Mrs. Clinton’s inner circle at the State Department. Bill Clinton was both a paid adviser to Teneo and a client. Secretary of State Clinton’s former Economic Envoy to Northern Ireland, Declan Kelly, is a Teneo co-founder and CEO.

Teneo boasts of a vast reach across international arenas, partnering “exclusively with the CEOs and senior leaders of many of the world’s largest and most complex companies and organizations.” In a Clintonian claim of cosmic proportions, Teneo says the firm addresses a “range of financial, reputational and transformational challenges and opportunities by combining the disciplines of strategic communications, investor relations, investment banking, financial analytics, executive recruiting, digital analytics, corporate governance, government affairs, business intelligence, management consulting and corporate restructuring on an integrated basis.”

Got that? In fact, Teneo is rather shadowy, with only a few known corporate clients. It is best known for its relation with the Clintons and the Clinton Foundation. Journalists so far have seemed unwilling or unable to penetrate much further into Teneo. But that appears to have changed with Mrs. Clinton’s formal entry into the presidential race and the dawning realization among media types that the Clinton Foundation, Teneo and the disappearing State Dept. emails really do signal that some sort of gigantic sleazy game is afoot.

http://www.judicialwatch.org/bulletins/teneo-the-clinton-machine/

 

modestybl

(458 posts)
7. This is the real problem... HRC's donors will be calling the shots...
Sat May 28, 2016, 12:53 PM
May 2016

... if she is POTUS (which will be unlikely). The many conflicts of interests from the Clinton Foundation donor base is the real problem with HRC. The email quash-scandal is just a symptom.

KoKo

(84,711 posts)
19. Teneo Holdings
Sat May 28, 2016, 03:12 PM
May 2016

Declan Kelly

Declan Kelly is the Chairman, CEO and co-founder of Teneo. He is responsible for running all of the company’s operations globally across its 12 operating divisions. Mr. Kelly is an advisor to several of the world’s leading CEOs and corporations and is recognized in particular for his crisis management experience.

Prior to Teneo, Mr. Kelly served as the U.S. Economic Envoy to Northern Ireland at the U.S. Department of State. Mr. Kelly was appointed Economic Envoy by Secretary of State Hillary Clinton in September, 2009.

In his role as Economic Envoy, Mr. Kelly is recognized as having helped bring significant investment to the region from U.S. corporations.
He also played a significant role in supporting the efforts that led to the historic devolution of policing and justice powers to the Northern Ireland Assembly, giving Northern Ireland fully devolved political governance for the first time in its modern history.

Prior to his government service Mr. Kelly served as Executive Vice President and Chief Integration Officer of FTI Consulting (FTI), one of the world’s leading international consulting companies. In his role at FTI, then a 3,500 person business with a market capitalization in excess of $2 billion, Mr. Kelly was responsible for the operational integration of the company’s various businesses in more than 20 countries around the world. He also had responsibility for corporate strategy, global business development, global client management and all of the company’s marketing and communications functions.

http://www.teneoholdings.com/bios/declan-kelly/

antigop

(12,778 posts)
11. Kelly "pushed for U.S. companies to invest in the once-troubled region." Ireland and outsourcing.
Sat May 28, 2016, 01:40 PM
May 2016

Article from 2004:
http://www.nytimes.com/2004/06/05/your-money/ireland-works-to-stay-in-the-outsourcing-game.html

Intel, one of the biggest foreign investors in Ireland, halted construction of a big new chip plant near Dublin called Fab 24 in mid-2001, it was seen as one more symptom of a wider problem — not just with the semiconductor business but with doing business in Ireland.

Through the 1990s, when a global company was seeking to outsource, it often turned to Ireland, known for its low taxes and skilled labor. The influx fueled an annual growth rate of 8 percent to 9 percent in the decade and earned the country the nickname "Celtic Tiger," after the booming "tiger" economies of Asia.

But over the past three years, the attractively low wages found in China, India and Eastern Europe have eclipsed Ireland's financial advantages, spurring many global companies to switch allegiances and scale back or cancel their plans for Irish operations.

Now Ireland is clawing back to reclaim its status as a major outsourcing destination by emphasizing its work force's brainpower and flexibility, instead of lower costs. A new government-sponsored marketing campaign touts the Irish labor force's ability to work at all levels of the business process, from factory floor to executive suite.


What, exactly, was Kelly pushing for? More outsourcing to Ireland?

I'd really like to know what he was pushing US companies to do in Ireland.

antigop

(12,778 posts)
13. Irish outsourcing firm creates 350 tech jobs (updated)
Sat May 28, 2016, 01:55 PM
May 2016
http://www.independent.ie/irish-news/irish-outsourcing-firm-creates-350-tech-jobs-30238390.html

The newly created positions will see the workforce at the outsourcing firm increase from 500 to 850 by the end of 2014 in a bid to support the company’s international growth strategy.

Recruitment of the multilingual, technical positions is already underway and the project is supported by Department of Jobs, Enterprise and Innovation through Enterprise Ireland.


eta: To clarify, I see no connection to Mr. Kelly. I just posted this article to show that jobs were outsourced to Ireland.

antigop

(12,778 posts)
15. Press statement: Resignation of Economic Envoy for Northern Ireland Declan Kelly
Sat May 28, 2016, 02:08 PM
May 2016
http://www.state.gov/secretary/20092013clinton/rm/2011/05/162984.htm

Hillary Rodham Clinton
Secretary of State
Washington, DC
May 11, 2011

Nearly two years ago when I asked Declan to serve, I challenged him to use his considerable talents and entrepreneurial drive to help Northern Ireland grow and sustain the benefits of peace. Within hours of his appointment, Declan was en route to Belfast. He found eager and able partners not only there, but throughout the region. This collective effort has opened up new and exciting opportunities for the people of Northern Ireland to share a more prosperous future.

During his time as Envoy, Declan has helped our friends in the Northern Ireland Executive and Assembly, Invest NI, and the business community make Northern Ireland one of the best per capita attractors of investment in the world. In the face of recession and severe fiscal austerity, Northern Ireland's innovators and entrepreneurs have carved out a global reputation for excellence and industry. Some of the world's leading companies have established or expanded their presences in Northern Ireland during this time, bringing new jobs, skills, and technologies with them. Declan's vision of the U.S.-Northern Ireland Mentorship Program – which places young graduates from Northern Ireland in American companies for one year internships – will leave a lasting legacy of expanded opportunity and experience for the region's budding business leaders and entrepreneurs.

As I said last October at the U.S. - Northern Ireland Economic Conference, a stronger economy in Northern Ireland will help secure a lasting peace; a bedrock foreign policy priority for the United States. The United States will continue to work with Northern Ireland to expand the opportunities Declan has fought so hard for, and I know he will remain a passionate advocate for the people of Northern Ireland. It is with appreciation and admiration for a job well-done that I accept the resignation today of U.S. Economic Envoy to Northern Ireland Declan Kelly. I thank him and wish him and his family the very best in the future.


I'd really like to know more about these jobs that were created in Ireland.

KoKo

(84,711 posts)
17. Teneo’s Declan Kelly delivers Bill Clinton, keeps expanding
Sat May 28, 2016, 03:03 PM
May 2016

Kate Hickey @KateHickey_--Irish Central
June 22,2012 04:53 AM

In the foyer of Teneo Holdings impressive headquarters on Lexington Avenue in Manhattan there is an old Coca-Cola machine that looks like something out of a time capsule.

For just a dime you can pull out an old Coca-Cola bottle and drink like it was 1955.

When you enter Teneo itself however it feels like the future.

Teneo’s newest business is Teneo Intelligence, which uses algorithms to predict future trouble spots around the world and models how such events will effect markets.

They then sell the information on to major companies.


It is run by an ex-CIA figure who Teneo CEO Declan Kelly, 43,says can spot a revolution from a million miles away.

At its heart Teneo is essentially a global consulting firm and merchant bank that advises many of the world’s largest companies on a wide-range of issues.

In his own office the Portroe, Tipperary-born Kelly has a spectacular view of uptown Manhattan and his desk is adorned with pictures of world leaders and corporate chieftains he has done business with including Tony Blair and Bill Clinton.


The coke machine also serves the purpose of reminding visitors that Teneo and Kelly are deeply involved with Coke, one of their major clients.

----------------
Kelly advises Clinton and the president is a client of Teneo. He was once on their advisory board but left and remains "a friend and an unpaid adviser to Teneo and its founders," according to his spokesman.

http://www.irishcentral.com/news/teneos-declan-kelly-delivers-bill-clinton-keeps-expanding-159992925-237512351.html

antigop

(12,778 posts)
16. Why was investing in Northern Ireland 'a diplomatic priority for Clinton"?
Sat May 28, 2016, 02:16 PM
May 2016

From the OP:

[div class="excerpt"]By some measures, Kelly was a bargain for the government. The Ireland-born businessman refused a salary, hired five staffers on his own dime and pushed for U.S. companies to invest in the once-troubled region, a diplomatic priority for Clinton.

What, exactly, were these jobs that were created in Northern Ireland?

antigop

(12,778 posts)
21. Remarks at the U.S.-Northern Ireland Economic Conference
Sat May 28, 2016, 03:46 PM
May 2016

Remarks from SOS Clinton:
http://www.state.gov/secretary/20092013clinton/rm/2010/10/149661.htm

SECRETARY CLINTON: Thank you my, friend. Thank you, thank you. (Applause.) Thank you all. Well, good morning and I bring greetings to each and every one of you, as I welcome you to the State Department for this U.S.-Northern Ireland Economic Conference.

There are so many people who have made this event possible and I will thank just a few of them, including First Minister Robinson and deputy First Minister McGuinness, the Enterprise Trade and Investment Minister Arlene Foster, Employment and Learning Minister Sir Reg Empey, Chairman Alban Maginness. Those of you from Northern Ireland, thank you for the work you’re doing every single day to lay the foundation for a stable, peaceful, and prosperous future.

I also want to thank for his attendance UK Secretary of State for Northern Ireland Owen Paterson, along with Irish Minister of State Peter Power. I’m grateful to both of them for taking their time to travel here to show their support for building stronger economic ties between Northern Ireland and the United States.

And I especially want to thank and recognize Declan Kelly, the U.S. Economic Envoy to Northern Ireland. I appointed Declan to this post in September 2009, and just a little more than a year later, I think, it proves the wisdom of that appointment. He was asked to direct private sector outreach and encourage and coordinate U.S. investment in Northern Ireland. And he’s been working very closely with the Government in Northern Ireland as well as the Government in the U.K. and Ireland itself.

Invest NI and the U.S. and Northern Ireland working groups have really come together to look for new opportunities that we can help promote and achieve. And thanks to these combined efforts, as Declan has said, American companies have recently created more than 1,000 new jobs in Northern Ireland, including 100 jobs created by GE Energy and more than 300 in the Belfast office of the New York Stock Exchange.

And this morning – have you already had two new investments announced? Dow Chemical will open a supply chain consulting service in Belfast and the Terex Corporation will open a European business services center as well.

These jobs are not just numbers. They represent opportunities for people, particularly young people, to be able to feel a strong connection with and make a stake in the future that we’re all so supportive of seeing.

The Envoy’s office also launched the U.S.-Northern Ireland mentorship program, placing young people from Northern Ireland in American companies for one-year internships. As a senator for eight years from New York, I saw firsthand the impact of these programs. We often had interns from Northern Ireland in my office and there were other successful mentoring programs as well. And I urge every business here to open your doors to an intern from Northern Ireland this year.

And finally, I want to thank everyone at the U.S. Consulate General in Belfast. I see our Consul General there. Your team has done a great job in supporting the Envoy’s office and driving economic development as one of our key commitments.

Now, I’m not telling you anything when I say that for a long time, when Americans, and particularly American businesses, heard the words “Northern Ireland,” the first thing that came to mind was not investment opportunities. And it really froze the potential for development despite the work ethic and the achievements of the people themselves.

But recently, thanks to the courage and hard work on behalf of the people on every – from every community, from every community and every part of Northern Ireland, now when people say Northern Ireland, the words that come to mind are “reconciliation, hope, and opportunity.” And people are looking to you and seeing a potential for their own futures.

And through conferences like these and the conversations and collaborations that they lead to, people are understanding the economic potential of Northern Ireland. It has a prime location; two world-class research institutions; an educated, competitive workforce; a superior telecommunications infrastructure; a supportive policy environment – and some might even say that the population speaks English – sort of. (Laughter.) All key ingredients for the rise of new businesses as people are expanding their global reach.

But while this is a good story, too few people have heard it. And we have brought you here today to change that. To spark a conversation between the U.S. business community and Northern Ireland’s leaders about what is possible, how to create partnerships for investment that can pay off for both people, that can be quite profitable, and in addition, strengthen the foundation of peace and stability.

Because fostering economic growth in Northern Ireland will do more than provide much-needed paychecks. It will do more than open new markets. We’re meeting at the State Department, rather than the Commerce Department or the offices of the United States Trade Representative, because a stronger economy in Northern Ireland will help secure a lasting peace. And peace in Northern Ireland is a bedrock foreign policy priority for the United States.

It is also a personal priority for me. I’ve been working on this issue for a long time, as First Lady with my husband, as Senator from New York, and now as Secretary of State. In those years, I’ve made a lot of new friends and I have seen a lot of changes. And I have also recognized how hard it is to move from an unacceptable reality, but one that is familiar, one that is to some extent comfortable, to take a risk for peace, to cross mental, psychological, even physical divides. Now I spend most of my time as Secretary of State traveling around the world trying to convince people to take that same risk for peace.

I was recently in Bosnia and Herzegovina and the scars of that war, the horrors that accompanied it are still very fresh. And yet I met with 400-plus young people – Bosniak Muslims, Croats and Serbs, and they wanted to look forward. They wanted to stake their claim on a different kind of future. The politics wasn’t yet cooked enough to permit that.

And then I went to Belgrade, where a remarkable occurrence deserved more attention than it received, where the president of Serbia, a very determined young man, wants to look toward Europe. And his parliament, the parliament of Serbia, issued an apology for Srebrenica, first time that we can find any parliament in Europe apologizing, for responsibility taken and assumed and regretted for what had happened yesterday.

And then I went on to Kosovo, where the people there, also recovering from ethnic cleansing and war, are hoping that they too have a different future. And because Serbia wants to be in the European Union, there will now be a dialogue between Serbia and Kosovo, something that nobody thought could happen just a year ago.

So Northern Ireland, which has made such a commitment to head in a different direction, is not only looked at with admiration and hope, but now has both the opportunity and the responsibility to deliver on that. And that’s where all of you come in, because the best antidote to a history that otherwise imprisons you is an opportunity that liberates you. And the economic opportunities are what we are focusing on today, because we know that to survive, peace must be visible beyond the halls of government or even the meeting places where former adversaries come together to work out their differences. It must be seen in daily improvements in people’s lives, not just in the absence of violence but the presence of good jobs, business starts, skills learned, communities recovered from decline.

And we know there are people in Northern Ireland, as there are everywhere in the world, for whom peace exists only as a concept. Dissident groups continue to exploit every chance they get to influence people in those hard-to-reach communities where peace is most fragile. And we need to prove in republican and loyalist communities alike that peace pays off. That means working to bring opportunity to all of Northern Ireland. We cannot continue to isolate any group or any geographic location. We have to increase the credibility of the power-sharing government and maintain momentum behind the peace process.

So what you are doing here today is not some luxury or add-on to the process of making peace. It’s really essential. And I hope that the connections you make and the encouragement you’re given will bear fruit for your employees, your constituents, your companies, and certainly for Northern Ireland.

I had the privilege of addressing the Northern Ireland Assembly at Stormont last October, and I really was honored to be able to do so. I felt that we were at a moment of great potential, of real ripeness. And I said then what I have said many times since: Now, we must make good on the promise of delivering a peace dividend to the people of Northern Ireland. I know that both the governments of – in Dublin and London are very committed to this, but I know that they face their own very difficult budget and economic situations. We know something of that here in Washington.

And I know further that Northern Ireland is very dependent on government expenditures from Westminster. And I hope that whatever happens with the announcements that have to come from the government of Prime Minister Cameron and Deputy Prime Minister Clegg that there’s no discouragement or no despair about whatever the outcome might be, but instead, a renewal of commitment. Because in the long run, it’s these kinds of jobs and these kinds of opportunities that are more lasting and more predictable and more hopeful in building the better lives that all of us who labor in politics and government are trying to help produce.

So I am certainly committed to this important task and it gives me an opportunity to come back and visit so that I can check up on what’s going on. And I’m very happy to take that opportunity sometime in the future, but we’re here today because you share our mission and our goal of promoting prosperity and opportunity in Northern Ireland for the people who have waited for it and deserve it right now, today in their lives. Thank you all very much. (Applause.)


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