On July 11, 2012, at the London School of Economics, former President Bill Clinton discussed the annual Clinton Global Initiative meetings. In his speech, he said his foundation receiving foreign money to sponsor their meeting while wife, former first lady Hillary Clinton, was Secretary of State raised concerns of conflict of interest with “good reason.”
Clinton said, “We had one in Hong Kong for Asia which I had to suspend while Hillary was secretary of state, with good reason. In order to do one around the world and make the economics work and keep the entry fee fairly low, you have to have sponsors. And if your wife is secretary of state and you get sponsors in another country, they may be doing it just because they believe in it, but it opens up too many questions of conflict of interest. So we suspended those.”
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