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Giuliani Still Working at Firm He Promised to Leave
Because the firm represents many security interests, some of which might have business before the federal government, Giuliani faced questions about his continuing employment there. He announced in April that he planned to leave the firm to concentrate entirely on the campaign.
"I'm largely out of it, and I'm pretty much going to be out of it at some point pretty soon," he told reporters on April 4 while campaigning in South Carolina.
Six months later, he continues to do some work at the company.
Aides refused to discuss the exact nature of the work, but Hess, in an interview with The Washington Post earlier this year, provided some insight into Giuliani's role in the firm since he became a candidate.
"When Rudy is here, he is hands-on," Hess said in late April. "He does discuss all the different matters. When we get a client, sometimes they are people Rudy knows and sometimes others of us know or hear about them. Invariably, a new client will want to meet with Rudy, and this was frequent a while ago, and it has become less frequent as he is going around on his campaigning."
Hess said Giuliani also tries to attend the firm's strategic meetings when he is in New York, gatherings that resemble the early-morning staff meetings he held as mayor.
"Over the years since we've been here, we do have frequent meetings. They varied with the time Rudy has. Sometimes Rudy is in New York a lot, and sometimes he is here less," Hess said. "They are reminiscent of staff meetings that we had in City Hall. He was somewhat famous for having the 8 a.m. meeting with about a dozen or 15 commissioners. Likewise, we have staff meetings here."
During an interview in June with CNBC's Larry Kudlow, Giuliani said that he was spending no more than 10 percent of his time doing work for the firm while he was campaigning and that he planned to take a leave of absence.
"I would have thought during the general election, but it seems to me nowadays, with all these things moving up, probably sometime during the primaries," Giuliani said about the timing of his leaving. "But right now I'd say I'm 95 percent campaigning, maybe 5 to 10 percent trying to settle up last-minute things."
Giuliani has ended another of his more lucrative private ventures -- giving paid speeches. The former mayor, popular on the motivational speaking tour, earned about $11 million in speech and book fees last year but stopped giving such speeches in February.
Giuliani falls in the middle of the presidential field when it comes to job commitments. Several candidates have full-time jobs as members of Congress, such as Democratic Sens. Hillary Rodham Clinton (N.Y.) and Barack Obama (Ill.), GOP Sen. John McCain (Ariz.), and Republican Reps. Duncan Hunter (Calif.), Tom Tancredo (Colo.) and Ron Paul (Tex.).
But the two Republicans closest to Giuliani in the polls -- former senator Fred D. Thompson (Tenn.) and former Massachusetts governor Mitt Romney -- are multimillionaires who have no private-sector jobs.