The State Worker

Chronicling civil-service life for California state workers

October 5, 2012
Charles Munger contributions for, against initiatives reach $23 million

Charles Munger Jr. has now given a nearly $23 million to an independent committee fighting for a measure that would curtail union political fundraising abilities while opposing Gov. Jerry Brown's tax proposal.

Both initiatives, Proposition 32 and Proposition 30, respectively, go to a statewide vote on Nov. 6.

Munger, a Stanford physicist and the namesake son of billionaire Warren Buffet's long-time business partner, gave another $2 million on Thursday to the Small Business Action Committee PAC, according to a state filing that was released today.

William Oberndorf, the now-retired co-founder of the Mill Valley, Calif., investment firm SPO Advisory Corp., kicked in $1 million to the dual-purpose committee.

Munger's latest contribution follows $10 million donation from Munger earlier this week and two contributions last month that totaled $10 million. He's also given a total $873,000 directly to the Yes on 32 campaign.

RELATED:
Charles Munger doubles down to defeat Prop. 30, support Prop. 32
Charles Munger gives $10 million for Prop. 32, against Prop. 30

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About The State Worker

Jon Ortiz The Author

Jon Ortiz launched The State Worker blog and a companion column in 2008 to cover state government from the perspective of California government employees. Every day he filters the news through a single question: "What does this mean for state workers?" Join Ortiz for updates and debate on state pay, benefits, pensions, contracts and jobs. Contact him at (916) 321-1043 and at jortiz@sacbee.com.

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