Friday, March 12, 2010

Meg Whitman's Conflicts of Interest

It's clear that this woman would be even worse the Governor Schwarzenegger. Her wealth belies a concern for the public interest. See Los Angeles Times, " Whitman's Funds Could Pose Conflicts":

Billionaire GOP gubernatorial candidate Meg Whitman has invested her vast wealth in firms that sought to profit from the country's credit crisis, in venture capital and hedge funds open only to the wealthy, and in oil, gas, healthcare and other concerns seeking to influence state policy.

The first public glimpse into the financial portfolio of the former EBay chief came Thursday, when she filed an economic-interest disclosure required of candidates.

The holdings present potential conflicts of interest for a governor. Whitman spokeswoman Sarah Pompei said the candidate would "likely" move her holdings into a blind trust if she is victorious "and will scrupulously avoid any conflicts of interest."

Moving investments into such a trust has been standard practice for wealthy officeholders. Whitman's opponent in the June primary election, state Insurance Commissioner Steve Poizner, has placed his investments in a blind trust. Gov. Arnold Schwarzenegger did the same.
Blind trust or not, her imperial media style is actually sickening: At the first video, Ed Morrissey, "Whitman’s Bizarre Press Conference." And below, "At Whitman Event, a ‘Rabble-Rouser,’ Police and Undercover Video":

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