Before Arizona State University stepped in and bought the financially-struggling but prestigious Thunderbird School of Global Management, there was Laureate Education Inc.
The for-profit, Baltimore-based university system made a bid to acquire Glendale-based Thunderbird in 2013.
A university accreditation group rejected that bid in 2014 and then ASU ended up grabbing the international business school.
Now Laureate is part of the U.S. presidential campaign.
NBC News, New York Daily News and the Washington Post report Laureate paid former president Bill Clinton $17.6 million over five years to be honorary chancellor from 2010 to 2015.
He stepped down 12 days before Hillary Clinton announced her bid for president, according to NBC News.