Google
 
Web This Blog

Tuesday, October 11, 2005

"Hello Halliburt...i mean, Vice President's Office...."

An analysis released by a Democratic senator found that Vice President Dick Cheney's Halliburton stock options have risen 3,281 percent in the last year, RAW STORY can reveal.
Sen. Frank Lautenberg (D-NJ) asserts that Cheney's options -- worth $241,498 a year ago -- are now valued at more than $8 million. The former CEO of the oil and gas services juggernaut, Cheney has pledged to give proceeds to charity.
The above graph released by Sen. Frank Lautenberg (D-NJ) charts the value of the Vice President's holdings in Halliburton in the past year.
“Halliburton has already raked in more than $10 billion from the Bush-Cheney Administration for work in Iraq, and they were awarded some of the first Katrina contracts," Lautenberg said in a statement. "It is unseemly for the Vice President to continue to benefit from this company at the same time his Administration funnels billions of dollars to it. The Vice President should sever his financial ties to Halliburton once and for all.”
Cheney continues to hold 433,333 Halliburton stock options. The company has been criticized by auditors for its handling of a no-bid contact in Iraq. Auditors found the firm marked up meal prices for troops and inflated gas prices in a deal with a Kuwaiti supplier. The company built the American prison at Guantanamo Bay.
The Vice President has sought to stem criticism by signing an agreement to donate the after-tax profits from these stock options to charities of his choice, and his lawyer has said he will not take any tax deduction for the donations.
However, the Congressional Research Service (CRS) concluded in Sept. 2003 that holding stock options while in elective office does constitute a “financial interest” regardless of whether the holder of the options will donate proceeds to charities. CRS also found that receiving deferred compensation is a financial interest.
Cheney told "Meet the Press" in 2003 that he didn't have any financial ties to the firm.
“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," the Vice President said. "I have no financial interest in Halliburton of any kind and haven't had, now, for over three years.”
Cheney continues to received a deferred salary from the company. According to financial disclosure forms, he was paid $205,298 in 2001; $162,392 in 2002; $178,437 in 2003; and $194,852 in 2004.

5 Comments:

At Wednesday, October 12, 2005 9:26:00 AM, Blogger Unknown said...

Why does none of this surprise me. Halliburton will run the world soon. Gawd.

 
At Wednesday, February 14, 2007 10:09:00 PM, Anonymous Anonymous said...

Enjoyed a lot! Audi a4 steering fluid Vitamin b12 injectable Georgia mesotherapy Alabama clio laser tattoo removal the ridge timeshare http://www.online-patanol-pharmacy-8.info/Allegra_180_vs_difference_allegra_d.html Flying fisherman baja sunglasses How to make skin care products allegra drowsy Free back gay videos Dental hygiene in kansas Allegra delaware new jersey Strong pain relief Programs for recycling printer cartridges cute seersucker jacket or blazer Huge real boobs galleris Asthma in children statistics 04 sti body kit Great allegra

 
At Tuesday, March 06, 2007 5:38:00 PM, Anonymous Anonymous said...

That's a great story. Waiting for more. http://www.state-farm-home-insurance.info ford puma centre how to refill 656 cartridge Orphanage director job description Cat losing hair by eyes hair loss children Expensive mens leather coats serta mattresses in grande prairie alberta Virus that destorys hard drives Scottie robinson basketball coach Toys r usaction figures dogs k-9 canine fantasy basketball disny toons having sex free+adult+cartoon+emails order celebrex online

 
At Wednesday, May 09, 2007 12:05:00 PM, Anonymous Anonymous said...

Keep up the good work » » »

 
At Tuesday, November 10, 2009 7:55:00 AM, Anonymous Anonymous said...

buy viagra online at viagra no prescription bad side effects of viagra viagra cialis uk alternative viagra generic soft tab viagra buy viagra in england viagra results viagra on line viagra sales buy cheap viagra soft viagra pill viagra online no prescription viagra generic

 

Post a Comment

<< Home