Gov. Snyder Puts Investments In Blind Trust 1-07-2011 - WNEM TV 5

Gov. Snyder Puts Investments In Blind Trust 1-07-2011

Multimillionaire Rick Snyder has put his personal investments into a blind trust to avoid any potential conflict of interest while he's Michigan governor.
Snyder spokeswoman Geralyn Lasher gave The Associated Press the preamble to the blind trust on Friday.
In it, Snyder said he wishes "scrupulously to avoid the possibility" that any decision he makes as governor could be influenced by his financial interests.
Lasher said she doesn't know how much money the former Gateway computer executive and venture capitalist has in the trust.
Snyder spent nearly $6 million of his own money in his successful race to become Michigan's 48th governor.
The 51-year-old Republican signed the paperwork amending his trust two days before he was sworn in as governor on Jan. 1.
A trustee will now make all investment decisions.
Several published reports were unable to nail down exactly how much Snyder is worth, but being that in the last year of his tenure at Gateway saw sales reach $5 billion, it's most likely in the tens of millions of dollars.
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