Retirement
Valenti's salary in 2004 was reported to be $1.35 million, which made him the seventh-highest paid Washington trade group chief, according to the National Journal.
Valenti was nominated for President of the United States by the Alfalfa Club in 2004.
In August 2004, Valenti, then 82 years old, retired and was replaced by former U.S. Congressman and Secretary of Agriculture Dan Glickman. The current head of the ratings system, Joan Graves, was appointed by Valenti.
Post retirement he had become involved in technology-related venture capital activities, most recently joining the Advisory Board of Legend Ventures, where he advised on media investment opportunities. He also remained a supporter of causes linked to his Italian American heritage and was a member of the National Italian American Foundation (NIAF) for more than 20 years.
After retiring from the MPAA in 2004, Valenti became the first President of Friends of the Global Fight Against AIDS, Tuberculosis, and Malaria, an organization founded by philanthropists Edward W. Scott and Adam Waldman. The founders wanted to support the Global Fund to Fight AIDS, Tuberculosis and Malaria in its work to prevent millions of people from dying of preventable and treatable diseases each year. Under Mr. Valenti’s leadership, Friends of the Global Fight oversaw a steady increase in U.S. funding for the Global Fund, resulting in a large-scale, positive impact in the fight against AIDS, tuberculosis and malaria. Valenti remained President of Friends of the Global Fight until his death in 2007.
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