Schwarzenegger is considered among the most important figures in the history of bodybuilding, and his legacy is commemorated in the Arnold Classic annual bodybuilding competition. Schwarzenegger has remained a prominent face in the bodybuilding sport long after his retirement, in part because of his ownership of gyms and fitness magazines. He has presided over numerous contests and awards shows. For many years, he wrote a monthly column for the bodybuilding magazines Muscle & Fitness and Flex. Shortly after being elected Governor, he was appointed executive editor of both magazines, in a largely symbolic capacity. The magazines agreed to donate $250,000 a year to the Governor's various physical fitness initiatives. The magazine MuscleMag International has a monthly two-page article on him, and refers to him as "The King". -Wiki-