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In reply to the discussion: Trump Wants Press Corps To Decide Who Will Receive His Donated Salary [View all]diva77
(7,713 posts)Here's the publicity stunt bs:
Schwarzenegger turned down 'petty cash' salary
22/01/2013
http://www.newshub.co.nz/entertainment/schwarzenegger-turned-down-petty-cash-salary-2013012306
Arnold Schwarzenegger has called his estimated US$187,000 Governor of California annual salary "petty cash".
...Arnold refused to accept a wage while he was governor, instead pumping any money he would have made back into the community. He recently claimed he could have made US$200 million from acting during the time and has now insisted he had no need for the salary.
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And here's what was behind it:
Tuesday, Feb 15, 2005 07:51 AM PST
The truth about Arnold
http://www.salon.com/2005/02/15/arnold_16/
The movie star poses as a corruption-fighting moderate. But since taking office, he's pursued a blatantly right-wing agenda while raking in big bucks from special interests -- and ignoring his own financial conflicts.
On a regular basis, the multimillionaire governor makes important executive decisions that could affect the health of his personal wealth reported to be as much as $100 million.
...So far, Schwarzenegger has not recused himself from signing or vetoing any legislation that could directly or indirectly benefit his personal finances.
To shield a wealthy government official from being paralyzed by possible conflicts of interest, the Political Reform Act allows the officeholder to place assets in a blind trust managed by a disinterested party. ...
In apparent violation of the reform act, Schwarzenegger designated as his trustee his close friend and financial advisor, Paul D. Wachter.
Weve been friends for 25 years and been in business together for less than 15 years, Wachter tells Salon about his relationship with Schwarzenegger. I am his main person in the whole business, financial, legal area. And, obviously, a close confidant. As the blind trustee, I manage all his money.
It doesnt take a doctorate in ethics to see that Wachter is exactly the wrong person to serve as the disinterested trustee. Disinterested party excludes family and business associates, says Tracy Westen, Sterns colleague at the Center for Governmental Studies.