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.
Posted by Tina :: 12:02 AM :: 3 Comments:

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