The Clinton Global Initiative is downsizing and ending annual meetings as of 2017, as announced by former President Bill Clinton in a 22 August 2016 letter.
The Clinton Global Initiative is part of the foundation.
Bill Clinton started CGI in 2005.
The Clintons are moving ahead with plans to downsize their controversial foundation’s network of offshoots, a decision carried out as the powerful family’s political influence wanes and its once-lengthy donor list shrinks.
In a decision announced last week, 22 additional employees are being laid off from the Clinton Global Initiative — known for its annual glitzy gathering of high-powered leaders and celebs.
The layoffs are tied to a decision to shutter CGI that originally was announced in an Aug. 22 letter from former President Bill Clinton.
The Clintons even fired their fundraiser.
This proves what we’ve said all along: The Clinton Foundation was little more than an influence-peddling scheme to enrich the Clintons, and had little if anything to do with “charity,” either overseas or in the U.S.