Clinton parts with Yucaipa

Ron Burkle

Bill Clinton reportedly is cutting ties with Ron Burkle's Yucaipa Cos. in order to devote more time to Hillary Clinton's presidential campaign — and, of course, to avoid any potential conflicts of interest or appearances of improprieties, The Huffington Post reported. Although he will no longer operate as a senior adviser to Yucaipa, it is not clear what Bill Clinton has done with any equity stake he might hold in the fund.

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However, the split between Burkle and Clinton supposedly began even before the press ordained Hillary Clinton the Democratic front-runner. Evidently, Clinton was embarrassed by one of Yucaipa's real estate ventures, which purchased properties from troubled Catholic parishes, which was divulged in a Wall Street Journal story, notes The Huff Po. There are a few other deals that could lead to questions of improprieties by the former president.

Burkle has been an important Democratic supporter. The labor-friendly dealmaker reportedly has raised over $50 million for Democratic candidates over his 15 year relationship with the Clintons. — Matthew Wurtzel

See story from the Huffington Post
See story from The Wall Street Journal
See story from The New York Times' Caucus blog
See story from peHUB
See interview with Burkle from The Deal newsweekly

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