09/11/2010 05:12 am ET Updated May 25, 2011

Whitman's Investment In Top Adviser Draws Scrutiny

At first blush, the 19 pages of financial disclosures that Meg Whitman filed earlier this year for her run for governor of California are a humdrum blur of ordinary, if sizable, investments -- until one for more than $1 million in an "entertainment/production" company called "Tools Down! Productions."

Ms. Whitman, a billionaire and former chief executive of eBay, made the investment in late 2008, according to her campaign, taking a stake in a fledgling movie production firm started by none other than Mike Murphy, a very prominent and much-sought-after Republican strategist.