Clinton Cash Goes Missing for a Controversial 2014 NYU Speech

By Pam Martens and Russ Martens: June 11, 2015

NYU President John Sexton (left); Bill Clinton (right) at the NYU Abu Dhabi Commencement Ceremony on May 25, 2014

NYU President John Sexton (left); Bill Clinton (right) at the NYU Abu Dhabi Commencement Ceremony on May 25, 2014

New York University, which has been rocked by revelations of providing multi-million dollar residences, forgivable mortgages, and sweet-deal, in-house financing for luxurious vacation homes to an elite group of staff and faculty, is now linked to the Hillary and Bill Clinton cash-by-the-truckload scandal.

According to an analysis by the Washington Post, since leaving the White House in January 2001, Bill Clinton was paid $104.9 million for speaking fees through January 2013 when Hillary stepped down as Secretary of State. In addition, their nonprofit, the Clinton Foundation, has reported over $2 billion in donations from corporations and foreign governments around the world. In May, Hillary released a new financial disclosure form in conjunction with her candidacy for President. That form covered the period from January 2014 through May of this year, showing that the Clintons earned an additional $25 million for speeches.

On May 21 of this year, the Clinton Foundation revealed that there was an additional $26.4 million in speaking fees that had been paid to Bill, Hillary and Chelsea Clinton that had not previously been broken out to the public because the fees had been donated to the Clinton Foundation. The payments came from universities, foreign sources, and corporations. The Foundation said the funds had previously been reported to the IRS as “revenue” rather than donations and that is why the donors’ names had not previously been reported.

Two speeches given by Bill Clinton at NYU Commencements are missing from both Hillary’s financial disclosures for herself and Bill, as well as missing from the Clinton Foundation’s disclosures. One of those speeches was highly controversial and not likely to be a missed reporting detail.

On May 19, 2014, the New York Times dropped a front-page bombshell on the already disgusted faculty at NYU which had given its President, John Sexton, a no-confidence vote at five of its schools in 2013.  The Times reported that NYU’s campus in Abu Dhabi had been built on the backs of abused immigrant laborers. The Times reported that “men described having to work 11 or 12 hours a day, six or seven days a week,” had their passports taken, and some men “lived in squalor, 15 men to a room.” The workers also reported having to pay up to a year’s wages in recruitment fees to get their jobs and, despite NYU’s statement on labor standards, contractors had not reimbursed the fees. Striking workers had been beaten, jailed and deported.

Just six days after that article ran, Bill Clinton was standing in front of the first graduating class at NYU Abu Dhabi on Sunday, May 25, 2014, with dozens of stern-eyed Sheikhs clad in white robes staring him down from the front rows. Here’s what Clinton had to say about the labor abuses to the graduating class in his commencement address:

“The recent controversy in the American press over the question of whether the labor conditions and living conditions of people who worked to build this campus actually complied with the standards that NYU and its Abu Dhabi partners articulated. It’s dominated the coverage. I wish the coverage this week had been about you. About who you are, where you’re from, what you’ve done. This astonishing experiment.

“But, it does offer NYU, and you, the opportunity to address in concrete, real, flesh and blood form, one of the representative issues of equality and identity in the 21st Century. We all know that the treatment of immigrant labor all across the world has not been free of difficulty. Not just here, not just in this region but everywhere in the world for a long time.

“We all know that there has been widespread acceptance of unequal treatment by people whose identity is considered to be inherently less worthy of protection and advancement than the folks who live in whatever the locality is.

“NYU sought to change all that here by coming up with a code of conduct strongly supported by its Abu Dhabi partners and by the government of the UAE to lift living conditions and lift working conditions and lift some of the other burdens that immigrants faced, including having to give up their passports and other documents to their employers so they couldn’t move to another job that might pay them more. And maybe paying an advance fee just to get the job, which might be up to a year’s salary – which meant they probably had no chance to work themselves out of poverty and send money home…

“When this story came out, instead of going into an immediate denial, the University did something that reflected the values you have been taught here. The University and the government promised to look into the charges, to do it quickly, to do it honestly, and most importantly, among all the world’s skeptics, to do it transparently. And if the charges were well founded, to take appropriate, remedial action promptly.

“Remember what President Sexton said, we don’t live in a perfect world, we live in a world where we have an obligation to do better. And that means none of us can ever afford to live in denial. So, I’m betting NYU will make good on its word. I’m betting that the response will make you proud.”

Talk about living in denial: Clinton’s efforts to recast a serious investigation by the New York Times in a land already called out by Human Rights Watch for serial human rights violations as practices that occur “all across the world” is improper conduct for a former United States President.

In its 2014 World Report, Human Rights Watch had this to say:

“Nearly five years after Human Rights Watch first revealed systematic human rights violations of migrant workers on Abu Dhabi’s Saadiyat Island, a development project which will host branches of the Louvre and Guggenheim museums and New York University, some employers continued to withhold wages and benefits from workers, failed to reimburse recruiting fees, confiscated worker passports, and housed workers in substandard accommodation…Domestic workers, a predominately female subset of the migrant worker population, continued to experience a range of abuses. Some accused their employers of having physically abused them, confined them to the homes in which they worked, and confiscated their passports. Many said their employers failed to pay the full wages due to them; forced them to work excessively long hours without breaks or days off; or denied them adequate food, living conditions or medical treatment. Some workers continued to be employed in circumstances that amount to forced labor, slavery, or trafficking.”

Bill Clinton Gives the Thumbs Up at the NYU Abu Dhabi Commencement on May 25, 2014

Bill Clinton Gives the Thumbs Up at the NYU Abu Dhabi Commencement on May 25, 2014

Was Bill Clinton correct in his assessment that the graduates would be proud of the eventual response to the labor abuses? In March of this year, the emirates banned Andrew Ross, a professor at NYU who had been critical of the exploitation of workers in Abu Dhabi, from traveling to the country.

Last month, a group of more than 400 faculty at NYU published a devastating report on how students at NYU in Manhattan are being systematically fleeced by Sexton’s policies. Titled The Art of the Gouge, the report shows draconian hidden fees and tuition costs resulting in some students sleeping on park benches while the University continues to buy lavish homes for an elite group of faculty and staff.

One home was described as a $3.6 million “luxury condo at 845 West End Ave., for housing Law School faculty.” The International Business Times described the condo as having four bedrooms with “ensuite baths with Calacatta gold marble, as well as radiant heat floors.”

Bill Clinton also delivered the 2011 Commencement address for NYU at Yankee Stadium on May 18, 2011. No speaking fee has been disclosed by the Clintons for that address either. On Monday of this week, we emailed the Clinton Foundation asking if Bill Clinton was paid for his NYU Abu Dhabi commencement address and, if so, what the amount of the fee was. We indicated our deadline was this Wednesday at 5 p.m. No response was received.

According to the May 21, 2015 disclosures by the Clinton Foundation, 20 colleges and universities have paid fees to the Clintons for speeches which they, in turn, have turned over to the Foundation. Many of those fees from institutions of higher education range from $100,000 to $250,000 per speech – an unconscionable “honorarium” when American students are currently saddled with crippling student loan debt totaling over $1.2 trillion. One university listed is the State University of New York at Albany, which paid Bill Clinton between $100,000 to $250,000 for a speech. SUNY Albany is a taxpayer funded university. Why would Bill Clinton charge a fee to a taxpayer funded university and not charge a fee to NYU Abu Dhabi?

Since 2011, according to the Associated Press, Bill Clinton has been paid at least $1.2 million in speaking fees by other entities connected to the United Arab Emirates, including Abu Dhabi.

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The Untold Story of Citibank’s Student Loan Deals at NYU 

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