Eli Broad

  • Wikipedia - Eli Broad
    • Homebuilding - Kaufman and Broad Home Corporation (now KB Home)
      • Start - 1956
      • Went Public - 1961
    • In 1971, Broad acquired Sun Life Insurance Company of America, a family-owned insurance company founded in Baltimore in 1890, for $52 million.[11]
      • Broad transformed Sun Life into the retirement savings powerhouse SunAmerica.
      • SunAmerica went public in 1989, with a remaining share of 42% for Broad.
    • In 1998, he sold SunAmerica to the American International Group (AIG) for $17.8 billion after three weeks of secret negotiations.[12]
      • Broad continued as CEO of SunAmerica until 1999, when he left to focus on philanthropy full-time.
  • (p45-48) - l. SunAmerica (Eli Broad).
    • Eli Broad, owner of Los Angeles-based insurance and investment concern SunAmerica Inc., had known Hubbell since the mid-1980s.278 Broad had maintained periodic contact with Hubbell since, but279 did not remember any contact while Hubbell was at the Justice Department.
    • Broad learned of Hubbell’s consulting business around April 14, 1994, while attending a dinner where Mrs. Clinton was guest of honor.281 Broad spoke briefly with Mrs. Clinton and asked about Hubbell.282 Mrs. Clinton told Broad that Hubbell was doing consulting work in the Washington, D.C. area.283 Either Broad told Mrs. Clinton he was going to call Hubbell or Mrs. Clinton suggested it.284
    • Broad called Hubbell285 and spoke with him about employment.286 They later met in Washington, D.C. and discussed Hubbell's representation of either Broad or SunAmerica,287 and Hubbell offered to help SunAmerica on a "national savings policy."288 On May 25, 1994, Broad retained Hubbell at $5,000 per month to lobby on the national savings policy.289 Broad expected Hubbell to advise SunAmerica about anything being said in political circles on the national savings policy.290 Hubbell said he did not know Mrs. Clinton had spoken to Broad about him.291
    • On September 19, 1994, Hubbell sent Broad a letter detailing specific things he would do for SunAmerica,292 such as contacting specific members of the administration, including the President.293 Broad was not aware of any evidence that Hubbell completed any of these tasks.294
    • SunAmerica paid Hubbell $35,000 in 1994.295 Hubbell was terminated shortly after pleading guilty on December 6, 1994 because Broad felt Hubbell was no longer of value to SunAmerica.296 Employees of the company, including, former General Counsel Karen Hedlund and Loren Fife, current Co-General Counsel, said Hubbell was appropriately compensated by SunAmerica for the work he performed.297

--  PART C - WEBSTER L. HUBBELL'S BILLING PRACTICES AND TAX FILINGS - Clintons - Whitewater - https://www.govinfo.gov/content/pkg/GPO-ICREPORT-MADISON/pdf/GPO-ICREPORT-MADISON-3-2.pdf