Midnightrider
Serious Thumper
   
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Posts: 3244
Winston Salem, NC
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Cheyney so called divested his stock gains but Haliburton claimed it as a loss. All the time he was in office he recieved anywhere from $160,000 to over $200,000 in deferred salary. Haliburton received many government contracts in Iraq and Katrina. I don't guess we'll ever know how many companies could do what Haliburton did because no one was allowed to bid against them. Cheney is one of the crookedest sons of bitches to ever inhabit the earth. Wonder how many overseas accounts he has from money under the table from Haliburton. Raw Story, October 2005 Title: “Cheney’s Halliburton Stock Options Rose 3,281 Percent Last Year, Senator Finds” Author: John Byrne
Senator Frank Lautenberg’s website Title: “Cheney’s Halliburton Stock Options Soar to $9.2 Million”
Faculty Evaluator: Phil Beard Student Researchers: Matthew Beavers and Willie Martin
Vice President thingy Cheney’s stock options in Halliburton rose from $241,498 in 2004 to over $8 million in 2005, an increase of more than 3,000 percent, as Halliburton continues to rake in billions of dollars from no-bid/no-audit government contracts.
An analysis released by Senator Frank Lautenberg (D-NJ) reveals that as Halliburton’s fortunes rise, so do the Vice President’s. Halliburton has already taken more than $10 billion from the Bush-Cheney administration for work in Iraq. They were also awarded many of the unaccountable post-Katrina government contracts, as off-shore subsidiaries of Halliburton quietly worked around U.S. sanctions to conduct very questionable business with Iran (See Story #2). “It is unseemly,” notes Lautenberg, “for the Vice President to continue to benefit from this company at the same time his administration funnels billions of dollars to it.”
According to the Vice President’s Federal Financial Disclosure forms, he holds the following Halliburton stock options:
100,000 shares at $54.5000 (vested), expire December 3, 2007 33,333 shares at $28.1250 (vested), expire December 2, 2008 300,000 shares at $39.5000 (vested), expire December 2, 2009
The Vice President has attempted to fend off 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 September 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. Valued at over $9 million, the Vice President could exercise his stock options for a substantial windfall, not only benefiting his designated charities, but also providing Halliburton with a tax deduction.
CRS also found that receiving deferred compensation is a financial interest. The Vice President continues to receive deferred salary from Halliburton. While in office, he has received the following salary payments from Halliburton:
Deferred salary paid by Halliburton to Vice President Cheney in 2001: $205,298 Deferred salary paid by Halliburton to Vice President Cheney in 2002: $162,392 Deferred salary paid by Halliburton to Vice President Cheney in 2003: $178,437 Deferred salary paid by Halliburton to Vice President Cheney in 2004: $194,852
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