Thursday, June 22, 2006

The "Gubenator" Under Fire for Ties with CPA Firms

The Los Angeles Times, along with the nonprofit group Foundation for Taxpayer and Consumer Rights, have criticized Arnold Schwarznegger for being too cozy with CPA organizations. A major point of contention is campaign contributions from the California Board of Accountancy, PriceWaterhouseCoopers and PWC client AIG (Insurance). AIG stock losses hurt the California Employees Pension Plan and the State Board has been harpooned for too great of eagerness for out-of-state firms to practice in the Golden State.

Probably a mixture of valid complaint (especially the State Board appointment) and campaign opposition. Will wait for Russ Fox and Taxable Talk to get a definitive read on this issue.


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