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Politics : Arnold for Governor! -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (136)	8/13/2003 4:56:40 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 773

Buffett to Be Aide in Schwarzenegger Race story.news.yahoo.com LOS ANGELES - Arnold Schwarzenegger has hired Warren Buffett (news - web sites) as his senior financial and economic adviser in his bid to replace Gray Davis if the governor loses the recall vote, the Republican actor's campaign announced Wednesday. Buffett, chairman of Berkshire Hathaway, is a billionaire investor legendary for his financial prowess. He is also a Democrat. "What he will be doing is assembling other prominent business leaders and economists and setting up a team to address the issues facing California," said Schwarzenegger spokesman Sean Walsh. Buffett said in a statement: "I have known Arnold for years and know he'll be a great governor. It is critical to the rest of the nation that California's economic crisis be solved, and I think Arnold will get that job done." By buying at low prices into well-known, solid companies, Buffett built Omaha, Neb.-based Berkshire Hathaway into a huge conglomerate. In his investments, he generally avoids high-tech companies, arguing he cannot tell which will be usurped by advances in technology. Schwarzenegger is among scores of candidates vying to replace Davis if the governor loses an Oct. 7 special recall election.