Bill Clinton Ponders a Role as First Gentleman

Published:

(May 10) -- Bill Clinton  plans to be a first gentleman for the 21st century: a post-modern, post-ego presidential spouse who does not earn an income of his own, but rather pays the bills from family savings and does what he can to help the missus down in the Oval Office.

“I’ve tried to get in a position where, you know, I — I won’t — I’ll be able to do what she did when I was president — that is, I don’t want to spend any time making a living,” Mr. Clinton said in an interview on CNN late Tuesday, when asked about his activities if Senator Hillary Rodham Clinton wins the presidency in 2008.

“I hope I will have saved enough by then, if she is elected, that we can just, you know, pay our bills and — I’d like to keep our two homes, our home in Washington, our home in Chappaqua,” Mr. Clinton added. “And otherwise, I’d like to devote whatever time she wants to whatever she wants me to do, and I should be able to have probably two to three days a week to do in the foundation. I certainly hope so.”
Mrs. Clinton has been fairly explicit that she will keep Mr. Clinton busy if she becomes president, saying he could become “ambassador to the world” — with the William J. Clinton Foundation and missions to improve ties with other nations and tackle foreign policy hot spots.

A non-earning Mr. Clinton would be a big change for the couple, but it would also reduce apparent or actual conflicts of interest if she was president and he had decided instead to remain in a money-making position.

Mr. Clinton gives dozens of paid speeches a year, mostly to corporations and philanthropic groups in North America and Europe, typically earning from $100,000 to $200,000 per speech. He earned more than $30 million in speaking fees from 2001 to 2005, according to his wife’s Senate  ethics reports.

He has been an adviser to a family of funds run by the Yucaipa Companies, a California private equity firm controlled by a friend, the billionaire Ronald W. Burkle. Under terms described by Mr. Clinton’s aides and Mr. Burkle, Mr. Clinton stands to earn tens of millions of dollars from the arrangement over time, depending on the funds’ growth.
By PATRICK HEALY
The New York Times
Entry #1,127

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