Top executives at a company with ties to former President Bill Clinton called Laureate Education are leaving the firm only months after they launched its IPO, The Daily Caller News Foundation Investigative Group has learned.
The Baltimore-based company became an issue during the 2016 presidential election campaign when the public learned it paid Clinton nearly $18 million over a period of five years to serve as a consultant and “honorary chancellor.” The firm also faced accusations it operated as a “pay-to-play” company by donating between $1 to $5 million to the Clinton Foundation while receiving hundreds of millions of dollars in government funds.
But the latest problem for Laureate appears to be the exodus of its top executives only months after the company went public Feb. 1. To date, Laureate’s founder and chief executive officer, chief operating officer, general counsel and its chief human resources officer have resigned or announced their resignation. MORE