Shortly after taking office as mayor, Corker voluntarily placed his Hamilton County real estate holdings and businesses into a blind trust to avoid "even the perception of any conflict". Corker stated that the visibility of his properties and public knowledge of his ownership in them served as another check on his actions as mayor.
On October 11, 2006, The Commercial Appeal reported that the blind trust that Corker set up to run his businesses to avoid conflicts of interest while he was mayor "may not have been all that blind". According to e-mails discovered by the Appeal (some of which had previously presumed to be lost):
"Corker met often with employees from his private companies while mayor from 2001 to 2005, and he shared business tips with others. Corker also got help organizing his 2001 mayoral campaign from City Hall, where a government secretary passed on voting lists and set up meetings for the millionaire commercial real estate developer."
The e-mails show that Corker often met with officials from his private company, the Corker Group, which was part of the blind trust, while he was mayor. When asked about these e-mails by the Appeal, Corker said that he thought the blind trust had "worked very well" and that he had sold most of his business holdings so that he could avoid the appearance of conflicts of interest in the Senate.
Other articles related to "blind trust, blind trusts, trusts":
... ownership in the CBA), places the league into a blind trust and accepts the head coaching job for the Pacers ... With the league in a blind trust there are no funds available to pay players, to buy plane tickets for road games, or to handle day-to-day operations ... The blind trust which hopes to find a new owner for the league abandons its efforts, and the league has over $2 million in debts ...
... Party was in opposition in 1992–97, its front bench received funding from blind trusts ... The Neill Committee's report in 1998 found the use of blind trusts to be "inconsistent with the principles of openness and accountability" and recommended that such trusts be "prohibited as a mechanism for ...
... County real estate holdings and businesses into a blind trust to avoid "even the perception of any conflict" ... On October 11, 2006, The Commercial Appeal reported that the blind trust that Corker set up to run his businesses to avoid conflicts of interest while he was ... the Corker Group, which was part of the blind trust, while he was mayor ...
Famous quotes containing the words trust and/or blind:
“I trust it will not be giving away professional secrets to say that many readers would be surprised, perhaps shocked, at the questions which some newspaper editors will put to a defenseless woman under the guise of flattery.”
—Kate Chopin (18511904)
“But he though blind of sight,
Despisd and thought extinguisht quite,
With inward eyes illuminated
His fierie vertue rouzd
From under ashes into sudden flame,
And as an evning Dragon came,”
—John Milton (16081674)