Former President Bill Clinton has ended his high-profile business connection to his friend Ronald Burkle's Yucaipa Cos. by walking away from a final payment that was once estimated at up to $20 million.
While the former president could have claimed additional money from Yucaipa, he decided not to, said a person familiar with the matter. He apparently made the decision early this year. Early last year, people familiar with the Clinton-Yucaipa relationship had estimated that such a payment could have been as much as $20 million. However, the meltdown in world financial markets might have affected any such payout.