Schwarzenegger to end magazine consulting deal
Published July 16, 2005
SACRAMENTO, Calif. - Gov. Arnold Schwarzenegger said Friday that he will end his multimillion-dollar consulting deal with two fitness magazines that rely heavily on advertising for nutritional supplements.
The governor, who came under fire when critics said the deal represented a conflict of interest, said he will relinquish his title as executive editor of Muscle & Fitness and Flex magazines and forego any compensation.
"I don't want to be paid," Schwarzenegger said in a telephone interview with the Associated Press. He said he wanted to leave no doubt that "the people have my full devotion."
The governor was forced to defend his contract with the magazines after a securities disclosure filed this week showed he would be paid at least $1-million a year for five years to act as a consultant.
"The decision is to discontinue the relationship we have now," he said. "I will continue promoting body building and fighting obesity."
[Last modified July 16, 2005, 00:25:11]
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