Clinton Global Initiative which has been the subject of a recent political controversy will shut down on March 15.
The Clinton Foundation is a 12 year old charity project of the Clinton family founded on the idea of helping people in U.S. and the rest of the world. Bill Clinton is the former President of the United States while his wife has just lost the 2016 presidential elections. In the wake of their weakened political power, their list of donors seems to have diminished to insignificant numbers. As a consequence, the Clinton Global Initiative will start a series of layoffs that will be followed by a complete shutdown.
The Clinton family’s nonprofit organization has been a controversial topic all along Hillary’s campaign for the U.S. presidential seat. During 2016, the charity corporation managed to raise $2 billion from wealthy parties such as American companies, political donors, and even foreign governments. Some people believed that the funds helped Hillary Clinton in her political endeavors instead of people in need.
Last week, the organization announced that there are going to be 22 layoffs on April 15th. This series of discharges started back on October 4. This was when WARN or the Worker Adjustment and Retraining Notification Act received notification that 74 employees will leave the workforce from the Clinton Global Initiative. After the WARN is informed, employees are entitled to 60-days of work to ensure a smooth transition.
The date of April 15th will also mark the end of the Clinton Global Initiative. The discontinuation will happen at the same time with the termination of their last employees. No spokesperson agreed to comment on the event on behalf of the organization. The drop in donated funds coincides with the recent presidential race where Hillary Clinton lost the election in favor of Donald Trump.
Another event that signals the organization was not what it seems is a number of e-mails stolen from Hillary’s campaign team back on November 8th, 2016. These messages were composed by John Podesta who was the campaign chairman at the time. The leaked e-mails disclosed how Teneo co-founder cooperated with Bill Clinton on some lucrative deals from his company.
After more than ten years of activity and a total of $88 million in donations, the Clinton Global Initiative will cease its activity. The reason for this closure is not so much a drop in funds, but the refusal of the Australian government to renew the partnership.
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