What Are Governor's Financial Interests? - NewsChannel5.com | Nashville News, Weather & Sports

NC5 Investigates: The Inside Story

What Are Governor's Financial Interests?

Promotional Photo: Gov. Phil Bredesen's jet Promotional Photo: Gov. Phil Bredesen's jet
(Story created: 7/19/07)
From Phil Williams:

A government watchdog group flunks Tennessee's ethics laws for not requiring enough disclosures about the governor's possible conflicts of interest.

The Center for Public Integrity gives the state an "F," ranking it 33rd among the states for the amount of detail that it requires the governor to report about his financial interests.

That report notes that Tennessee does not require full disclosure of the value of the governor's income sources and investments, a listing of real estate holdings and possible business clients.

A good-government advocate tells the Center that the potential conflicts of interest for governors is "a lot greater because they are making so many more decisions" than other public officials. "They are making executive decisions and legislative decisions."

So what does Tennessee's multimillionaire Gov. Phil Bredesen disclose?

Not much, but there are a few tidbits. (You can view the governor's entire report here.)

Most of Bredesen's millions are apparently tied up in a blind trust, so there's not much detail there.

But he discloses that he is the majority shareholder in Qualifacts, a software company that caters to the healthcare industry.

And he is the sole shareholder in Blue Canyon Inc., which -- his report says -- owns an airplane.  Bredesen himself is a veteran pilot.

It turns out, Federal Aviation Administration records show, that airplane is a luxurious Learjet 35.

Here's how the governor's jet is described in promotional materials:

"It's not only the most nimble, most versatile jet in its class, it's the most cost-efficient transport-category business jet today. The whisper-quiet cabin of these jets invites personal productivity in flight. Its flexibility in terms of interior design, along with a private lavatory, invite you to tailor your work space according to your tastes, corporate image and mission requirements."

It seats up to eight people, can travel 525 mph, with a range of 1,900 miles.

By the way, the governor's jet is available for charter.  (Photos are available at the site of Corporate Flight Management.)

As to whom charters it, that's not something that the governor has to disclose.

Back to NewsChannel 5 Investigates

Powered by WorldNow
Powered by WorldNow
All content © Copyright 2000 - 2014 NewsChannel 5 (WTVF-TV) and WorldNow. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.