zimv20
Sep 25, 2003, 06:23 PM
http://money.cnn.com/2003/09/25/news/companies/cheney/index.htm
A congressional report concludes that, under federal ethics standards, Vice President Dick Cheney still has a financial interest in Halliburton, the energy services company he used to run.
The report says that the deferred compensation that Cheney receives from Halliburton as well as the more than 433,000 stock options he possesses "is considered among the 'ties' retained in or 'linkages to former employers' that may 'represent a continuing financial interest' in those employers which makes them potential conflicts of interest."
On Sept. 14, Cheney said on the NBC News program "Meet the Press" that "Since I left Halliburton to become George Bush's vice president, I've severed all my ties with the company, gotten rid of all my financial interest. I have no financial interest in Halliburton of any kind and haven't had, now, for over three years."
Lautenberg said $205,298 was paid to Cheney in deferred salary by Halliburton in 2001, and $162,392 last year. Lautenberg said Halliburton stock options held by Cheney were 100,000 shares at $54.50 per share, 33,333 shares at $28.125 and 300,000 shares at $39.50 per share.
and what of motive on the part of the administration to award iraq contracts to halliburton?
The Morningstar stock rating service gives Halliburton a C-minus grade for growth, D-plus for profitability and a B for financial health, even though Halliburton secured $2.25 billion in contracts in Iraq, including a controversial $1.25 billion no-bid contract.
something stinks. i seem to remember bush promising his administration would avoid "even the appearance of impropriety" and then making staffers sign such a document.
was it for a real purpose or just PR?
A congressional report concludes that, under federal ethics standards, Vice President Dick Cheney still has a financial interest in Halliburton, the energy services company he used to run.
The report says that the deferred compensation that Cheney receives from Halliburton as well as the more than 433,000 stock options he possesses "is considered among the 'ties' retained in or 'linkages to former employers' that may 'represent a continuing financial interest' in those employers which makes them potential conflicts of interest."
On Sept. 14, Cheney said on the NBC News program "Meet the Press" that "Since I left Halliburton to become George Bush's vice president, I've severed all my ties with the company, gotten rid of all my financial interest. I have no financial interest in Halliburton of any kind and haven't had, now, for over three years."
Lautenberg said $205,298 was paid to Cheney in deferred salary by Halliburton in 2001, and $162,392 last year. Lautenberg said Halliburton stock options held by Cheney were 100,000 shares at $54.50 per share, 33,333 shares at $28.125 and 300,000 shares at $39.50 per share.
and what of motive on the part of the administration to award iraq contracts to halliburton?
The Morningstar stock rating service gives Halliburton a C-minus grade for growth, D-plus for profitability and a B for financial health, even though Halliburton secured $2.25 billion in contracts in Iraq, including a controversial $1.25 billion no-bid contract.
something stinks. i seem to remember bush promising his administration would avoid "even the appearance of impropriety" and then making staffers sign such a document.
was it for a real purpose or just PR?
