Rudy Giuliani 2008 presidential campaign in the Iowa Caucus. Some political observers have opined that the Straw Poll results are bought by campaigns. Giuliani had emerged as the frontrunner after overtaking John McCain in the polls. With the exposure and eventual entrance of Fred Thompson into the field, Giuliani's poll numbers began to drop. But he held on to his status as frontrunner. According to the CBS News Poll taken June 26–28, Giuliani held the lead over Thompson 34% to 21%. In the second quarter, Giuliani revealed that he raised $17 million, first among Republicans and third overall behind Barack Obama and Hillary Clinton. On
Rudy Giuliani Partners earned more than $100 million. In June 2007 he stepped down as CEO and Chairman of Giuliani Partners, although this action was not made public until December 4, 2007; he maintained his equity interest in the firm. Giuliani subsequently returned to active participation in the firm following the election. In late 2009, Giuliani announced that they had a security consulting contract with Rio de Janeiro, Brazil regarding the 2016 Summer Olympics. He faced criticism in 2012 for advising people once allied with Slobodan Milošević who had lauded Serbian war criminals. In 2005, Giuliani joined the law firm of Bracewell