Gina Ferazzi / Los Angeles Times
August 20, 2003
5. With great fanfare, Schwarzenegger announced the appointment of Warren Buffett as a key economic advisor. But Schwarzenegger abruptly distanced himself from the financial seer after Buffett told the Wall Street Journal that property taxes in California were too low and tax-slashing Proposition 13 should be undone. Schwarzenegger is seen here with Buffett, right, and former Secretary of State George Schultz. On the day of Buffett's comments on Proposition 13, Schwarzenegger said: "My position is rock solid in support of that initiative."