Editing Jack Valenti (section)

==Retirement==
[[File:Jack-valenti-164x299.jpg|thumb|200px|Jack Valenti]]
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, retired and was replaced by former U.S. [[Congressman]] and [[Secretary of Agriculture]] [[Dan Glickman]]. The previous head of the ratings system, [[Joan Graves]], was appointed by Valenti.

After retirement from the MPAA, Valenti became involved in technology-related venture capital activities, such as 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 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.<ref>http://www.theglobalfight.org/ Friends of the Global Fight</ref>