Obama team reviews Bill Clinton's dealings

Since the former president established the William J. Clinton Foundation in 1998, it has raised more than $500 million, a sum that allowed him to build his steel-and-glass presidential library in Little Rock, Ark., and create the Clinton Global Initiative, which has done good deeds all over the world, including working to eradicate AIDS in Africa. Much of that money has been raised from foreign sources.

Mr. Clinton is not required by law to identify the donors to his foundation, and this year he declined to name them. Last year, while Mrs. Clinton was seeking the Democratic presidential nomination, The New York Times compiled the first detailed list of 97 donors who gave or pledged a total of $69 million for the Clinton presidential library in the final years of his administration. The examination found that while some $1 million contributors were longtime Clinton friends, others were seeking policy changes from the administration. Two people pledged $1 million each while they or their companies were under investigation by the Clinton Justice Department.

The foundation has received contributions from the Saudi royal family, the king of Morocco, a foundation linked to the United Arab Emirates and the governments of Kuwait and Qatar.

In a statement, the foundation said at the time, “Donors did not seek, nor did President Clinton give, favors from the federal government,” adding that most of the contributions were made after Mr. Clinton left office. A spokesman for the foundation, Matt McKenna, declined to comment on Monday.

During Mrs. Clinton’s presidential campaign, the Clintons agreed to sell $11 million to $26 million worth of stock and pledged to liquidate holdings that had been in a blind trust. She said then that they wanted to avoid conflicts of interest.

In September, at his annual Clinton Global Initiative meeting, Mr. Clinton hosted more than two dozen foreign leaders, including Queen Rania of Jordan, President Shimon Peres of Israel and President Álvaro Colom of Guatemala.

Mr. Obama met Thursday in Chicago with Mrs. Clinton. Shortly after that, the process of looking into Mr. Clinton’s activities began, slowed in part because Mr. Clinton did not return to the United States until early Monday.

Several Democrats close to the Clintons said the former president’s activities should not be a disqualifier because the couple had been more open about their finances than past veterans of the White House, thanks to Senate disclosure requirements.

“They are arguably the most transparent former first couple in history,” said one Democratic official, who declined to be identified because the talks are confidential. “For eight years, they’ve been doing this.”

Lanny J. Davis, a longtime Clinton friend who said he was not speaking on the couple’s behalf, said he “completely rejects 100 percent” any suggestion that there was a conflict between Mr. Clinton’s work raising money for his foundation and the work Mrs. Clinton would be doing as the nation’s chief diplomat.

When the Clintons released their postpresidency tax returns in April, the documents showed the couple had earned $109 million after leaving the White House in January 2001. Most of it has come from book-writing and speaking fees, a sum that accounts for nearly $92 million, including a $15 million advance from Mr. Clinton’s best-selling autobiography, “My Life.”

The returns also showed that Mr. Clinton had collected at least $12.6 million since 2002 from his work as an adviser to Mr. Burkle, whose Yucaipa Companies have invested money for the Dubai government and acquired a stake in a Chinese media company.

The former president helped drum up business for several domestic and foreign investment funds in Yucaipa’s portfolio, although precisely what Mr. Clinton did is unknown.

Beyond Mr. Clinton’s work for his foundation and his foreign business dealings, there is also the unique issue of having a secretary of state whose husband is a former president. During her campaign, Mrs. Clinton said if she were elected president, she would appoint Mr. Clinton as a “roving global ambassador.”

But if Mrs. Clinton were to be nominated as secretary of state, potential conflicts could occur if Mr. Clinton continued to serve as a traveling emissary of the United States. It is unknown whether he would be asked to curtail speaking out on foreign policy matters or, if asked, if he would be willing to do so.

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