Bill Clinton Is About To Cash In On His For-Profit College Chancellorship
Bloomberg reported today that Laureate Education Inc. is planning an IPO. Bill Clinton’s, “honorary chancellor” of Laureate, response: CHA-CHING!
Laureate Education Inc., the largest for-profit college network in the world, is interviewing banks for a $1 billion initial public offering in the U.S., people with knowledge of the matter said.
The company, whose honorary chancellor is former President Bill Clinton, has been meeting with potential underwriters for an IPO that could value the education juggernaut at about $5 billion, said the people, who asked not to be named discussing private information. The company, based in Baltimore, owns 84 universities, mostly in emerging markets.
According to Hillary Clinton’s final personal financial disclosure from the State Department, Bill Clinton receives a “nonemployee compensation over $1,000” from Laureate Education, Inc.: