Nick ConfessoreVerified account

In essence, the memo & footnotes describe Teneo as the revenue-generating arm of Clinton, Inc.--for Clinton speeches, foundation $, etc.

Band's argument: I am not get fully compensated for all of the stuff I do for Clintonworld, so you should let me do Teneo. Everyone wins.

Now, you could argue: So what? If Band gets his clients to pop over money to a charity, why is that bad?

But consider that Band was selling his clients on idea that giving to foundation was, in essence, a way to bolster their influence.

If you don't travel in these circles, you think it's unseemly. But every hospital fundraiser, golf outing, etc is the same.

Every foundation and charity works the same way. Been to a few black tie functions myself. All about access. @nickconfessore

We live in an era where a smoking gun isn't considered "a smoking gun." "Access."