In 2004, he authorized the fund to grant $20 million to Countrywide Financial in return for a promise "to create 7,500 new jobs in the state by 2010." Critics argue those jobs would have been created with or without tax payer money. The grant (all of which are approved by the Governor, the Lieutenant Governor and Speaker of the House) is one of the largest made from the fund in terms of the size and the number of jobs promised. In the fall of 2007, while slashing jobs and with its stock price plummeting, Countrywide assured Perry's office that the company "believed" it would meet its 2010 commitment only to be acquired in a fire sale two months later by Bank of America. Thanks to the "claw-back" provisions in the program, grantees return funds to the state for jobs not created. The Texas Enterprise Fund has given $435 million in grants to businesses since 2003. The Texas Emerging Technology Fund has given nearly $200 million to businesses since 2005. The New York Times reported that more than a quarter of the companies that have received grants from the enterprise fund in the most recent fiscal year, or their chief executives, made contributions to either Mr. Perry's campaign dating back to 2001 or to the Republican Governors Association since 2008. For example, John McHale, Austin, Texas, gave millions of dollars to Democratic candidates and causes, but 2 years ago wrote a $50,000 check to Perry, then seeking a third term as governor, and in September 2010, wrote another $50,000 check. In May 2010 an economic development fund administered by the governor's office gave $3 million to G-Con, a pharmaceutical start-up that Mr. McHale helped start. At least two other executives with connections to G-Con had also given Mr. Perry tens of thousands of dollars. Perry has appointed at least four top donors or fund-raisers to the board of the Teacher Retirement System, a $110 billion pension fund. Perry's trustees encouraged the fund to invest more money with hedge funds and private equity firms whose investors, officers, or partners were Perry donors. In June 2010, Perry went on a 12-day trade mission to East Asia. The security detail for the trip cost $129,000 in state money. The Texas Government attempted to block the media's scrutiny of the use of the funds as they contained information that could compromise the future security of the state's senior executive. A member of White's gubernatorial campaign stated that Perry should, "stop hiding the facts on fiscal issues like what he's charging taxpayers for travel".