Friday, July 15, 2005 SERIOUS Conflict of Interest for Gov Arnold Jeeze... and I thought that Halliburton was THE model for conflict of interest: Just have your CEO run for high office- like say Vice Prez, have them start a war that creates the need for your product & then funnel billions of dollars to the company. Voila! Watch your stock quadruple. Well, maybe Arnold is a close 2nd in the conflict of interest dept: 2 days before he was sworn into office (11/15 /03) Gov Schwarzenegger accepted a consulting job paying an estimated $8 million over 5 yrs to "further the business objectives" of a national publisher of health and bodybuilding magazines. The contract pays Gov Arnold 1% of the magazines' advertising revenue, much of which comes from makers of nutritional supplements. Last year, the Gov vetoed legislation that would have imposed govt regulations on the supplement industry. |