Schwarzenegger said yesterday that it's just business, comparable to his situation when he became California's governor and retained a screen credit and kept earning royalties for the "Terminator" movie.
"So, I think this is a contract that he had and I think it's great that he was part of it," Schwarzenegger said during a red-carpet event for NBC's "The New Celebrity Apprentice," which debuts January 2.
Replacing Trump as boss in the reality show's boardroom meant "big shoes to fill," he added.
On Thursday, a spokeswoman for "Apprentice" creator Mark Burnett confirmed that Trump remains an executive producer on the latest edition of the long-running "Apprentice" franchise. The eight episodes ordered by NBC from MGM, where Burnett is president of its TV and digital group, were taped last February.
Trump's continued profit from a TV series is yet another unprecedented aspect of the election of a businessman and reality star to the presidency, with questions raised about how his holdings may intersect with his presidential decisions.
Trump spokeswoman Kellyanne Conway said yesterday on CNN that his ties to the reality show are being reviewed by experts looking into the president-elect's business ties. She compared Trump's continued interest in the entertainment industry to President Barack Obama's off-hours golfing.
"Presidents have a right to do things in their spare time, in their leisure time, and nobody objects to that," she said.
Tyra Banks, an adviser on series, said Friday she had just learned of Trump's producer status "so I'm still processing."
"It's a brand-new show," she said. "It's an Arnold Schwarzenegger show now. It's his brand. There was no talk of anything else when we started the show. And hopefully there will be no more talk of anything else after.
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