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hang a left Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 02:33 PM
Original message
Cheney's stock options rose 3,281% last year, senator finds
Cheney's stock options rose 3,281% last year, senator finds

RAW STORY

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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.

http://rawstory.com/news/2005/Cheneys_stock_options_ros...
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napi21 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 02:36 PM
Response to Original message
1. WOW! And they tried to hang Hillary for turning $10,000 into $50,000!
I sure hope the Dems make sure this hits the MSM!

I think we here on DU knew this was happening, but even WE didn't realize just how big the increase was!
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Toots Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 02:43 PM
Response to Reply #1
9. It was actually one thousand into a hundred thousand but who's counting
:shrug: It could have been beginners luck......
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SammyBlue Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-12-05 05:09 PM
Response to Reply #9
87. Yeah, and when the bastard gets caught with his pants down
He pulls out the "charity" line. What an insincere ass.
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saigon68 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-13-05 03:20 AM
Response to Reply #87
91. HE IS A BIG --"PIG" WITH HIS SNOUT IN THE PUBLIC TROUGH



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henslee Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 02:36 PM
Response to Original message
2. 8 million gets you a grrreat defense attorney.
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Bernardo de La Paz Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 02:48 PM
Response to Reply #2
14. And the left-over funds early retirement (though he's 65 already)
No wonder he was too busy for Katrina when he was shopping for villas on the east coast (Maryland, I think it was).
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Hawkeye-X Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 02:37 PM
Response to Original message
3. Sure..
And I wish SEC would freeze Cheney's asset right now.

See this thread:

http://www.democraticunderground.com/discuss/duboard.ph...
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afdip Donating Member (660 posts) Send PM | Profile | Ignore Tue Oct-11-05 02:39 PM
Response to Original message
4. i'm shocked to learn this . . .
he'll probably donate his earnings to hurricane relief, doncha think?
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ClintonTyree Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 05:58 PM
Response to Reply #4
42. My guess would be the Texas Republican Campaign Fund......
that state cranks out more theo-fascists and crooked politicians than any other. They must breed them on special farms down there, like cattle.
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Mandate My Ass Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 02:39 PM
Response to Original message
5. Wow, 2004 was a very, very good year
for lying crooks.
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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 03:06 PM
Response to Reply #5
20. with Cheney denying that he has an interest in Halliburton
to this:



http://www.int.iol.co.za/index.php?click_id=3&art_id=qw...

Cheney denies role in Halliburton deal

September 14 2003 at 06:30PM

Washington - United States Vice-President Dick Cheney said on Sunday that he played no role in awarding lucrative contracts for reconstruction in Iraq to his former firm, Halliburton, and that allegations he was involved were "political cheap shots."

"Since I left Halliburton to become George Bush's vice-president I severed all my ties with the company, got rid of all my financial interest," Cheney said in an interview with NBC television's Meet the Press.

"I have no financial interest in Halliburton of any kind and haven't had now for over three years," he said.

"And as vice-president I have absolutely no influence of, involvement of, knowledge of in any way shape or form of contracts led by the (US Army) Corps of Engineers or anybody else in the federal government," he added.

...more...
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RUMMYisFROSTED Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 10:25 PM
Response to Reply #20
65. It was 5,000% last month?
:wow:
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mzmolly Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 02:40 PM
Response to Original message
6. Would this be an example of Dems "fighting"
Hmmmmmmmm, :freak: I do believe it is.

Great info, thanks!
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Toots Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 02:45 PM
Response to Reply #6
10. To mention the fact is one thing
To get out there and hammer on it day and night and attract media attention is quite another. When I see that happening I will agree there might be some fight happening.
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mzmolly Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 03:17 PM
Response to Reply #10
25. The Fairness Doctrine was repealed in the 80's under Ronald Reagan
we can hammer away all we want, the media picks up what it chooses to.
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katinmn Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 02:40 PM
Response to Original message
7. Blood money!
2,000 soldiers and untold numbers of Iraqis gave their lives for this.
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mom cat Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 05:38 PM
Response to Reply #7
41. Precicely.
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arcane1 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 06:24 PM
Response to Reply #7
46. The Dick has an obvious conflict of interest
and should be forbidden to make any foreign policy decisions
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peacetalksforall Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 02:41 PM
Response to Original message
8. As I keep repeating.... killing and maiming for profit - for a few. n/t
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hang a left Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 02:46 PM
Response to Original message
11. Not to worry, they are in a blind trust.
And he plans on giving the money to charity. Give the guy a break. :sarcasm:
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htuttle Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 03:22 PM
Response to Reply #11
27. I'm sure he'll funnel it through some sort of non-profit 'charity'
...so that he doesn't have to pay taxes on it.

Something like the 'Dick Cheney Foundation' set up to benefit...well, Dick Cheney.

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dbeach Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 02:46 PM
Response to Original message
12. Veterans are a charity
give the money to help sick Vets poisoined by DU and Anthrax.


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stillcool Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 02:47 PM
Response to Original message
13. Nice work if you can get it....
I guess. Three thousand two hundred and eighty-one percent. It doesn't make any sense that way either.
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McKenzie Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 02:49 PM
Response to Original message
15. yet another fact to support the hypothesis
that these sacks of shit started the war for profit as well as geopolitical reasons. People need to push this really hard. Once the doubters who voted for these scumbags finally realise that this is all a big financial con, and it's they who are being conned, they'll be slightly pissed off.

The penny might just then drop, which is an apt analogy.
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sinkingfeeling Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 02:59 PM
Response to Original message
16. Finally. I've been hunting for the 'rip-roaring' US economy!
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enough Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 03:00 PM
Response to Original message
17. The current regime is running the government for PERSONAL PROFIT
for themselves and their friends. This is the simple message we need to hammer. Thanks to Lautenberg for this.
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Amonester Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-12-05 06:42 PM
Response to Reply #17
88. 1964 (++) http://icasualties.org and thousands lost limbs for:
Bush Uncle Profits From Contractor
WASHINGTON, Feb. 23, 2005

(AP) President Bush's uncle made more than $450,000 last month by selling stock in a defense contractor whose profits are growing because of the Iraq war, records show.
...
He told the Los Angeles Times, which first reported the stock sale Wednesday, he had not pulled any strings in Washington for the company.
...
Five other officers or directors of the company have sold stock so far this year, SEC records show, with two of them profiting less than Bush and three making more. The biggest windfall went to Gary C. Gerhardt, the company's vice chairman and chief financial officer, who made nearly $7.5 million from selling stock on Jan. 31.
...
That contract was overseen by Darleen Druyun, a former Air Force contracting official serving a nine-month prison term for contract fraud involving Boeing.

~more~

http://www.cbsnews.com/stories/2005/02/23/politics/main...




OP: Charities? Oh... Bet the Freeps believe every lie that Traitor says. "For Charity," Cheney said." :pinnochio_icon:

Yeah... Right! :sarcasm:

http://icasualties.org < GoCheneyourself's got NO Charity for these guys... NONE! They're just stats' NUMBERS for these CROOKS. :grr:
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Beetwasher Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 03:01 PM
Response to Original message
18. Yeah, Right, He'll Donate It To Charity (He Says)
Well, what are you waiting for fuckwad! No time like the present!
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Rambis Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 03:17 PM
Response to Reply #18
24. We are still waiting for Jim Nussle to give back 1/3 of his salary
ain't gonna happen either. Another campaign promise down the tubes along with his wife and downs syndrome daughter he used in his TV adds. His excuse..."I tried to give it back but the US Treasury office wouldn't take it."
Hey Jim, I have never had any trouble writing a check out to Uncle Sam he will cash it if it ever shows up. Fucktard! Now he is running for Iowa governor just say no to the architect of the worst budget in the history of human kind.
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NVMojo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 03:03 PM
Response to Original message
19. Fuck, there is something very wrong with this picture!!!
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LostinVA Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 03:07 PM
Response to Original message
21. Makes the Nixon Boys look like choirboys n/t
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Generator Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 03:11 PM
Response to Original message
22. I'm f'ing speechless at that percentage
but then I shouldn't be. And then it's not even just Cheney or Cheney that's the point of this massive fleeching, greed and debauching of America, Iraq and everywhere else. It's all those others raking in the dough and we don't have a clue to their names.

Cheney is just the CEO of greed international. Who else is making these unbelievable profits? Who and how many? Because they are the only Americans that actually matter in our foreign policy since they are the ones deciding upon it for themselves and themselves only.
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cal04 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 03:13 PM
Response to Original message
23. Boy am I going to have a field day with the freepers at work
tomorrow. I am printing this and showing everyone of those who dare complain about the cost of anything!
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leftofcool Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 03:20 PM
Response to Original message
26. Hey Dickless!!!!!!!!!
The Katrina victims you helped to ingore would be a good place to start giving. Then, asshole, maybe you could move a bit of your millions into the AIDS clinic that had to close down here because your crowd wouldn't fund it.

Left of Cool
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daleo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 03:25 PM
Response to Original message
28. Cheney - I can't help it if I'm lucky.
Idiot Wind.
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superconnected Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 03:26 PM
Response to Original message
29. something tells me he'll give in the republican sense
to a few rw nazi charities and use it as a tax write off.
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soothsayer Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 03:27 PM
Response to Original message
30. Gee, and to think Halli was losing $1 billion a year pre-Iraq. What
luck.
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cassiepriam Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 03:34 PM
Response to Original message
31. Isn't Halliburton his favorite charity?
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tex-wyo-dem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 03:57 PM
Response to Original message
32. Pretty neat what long term, no-bid contracts for billions will...
do for your stock value.

No doubt in my mind that these treasonous bastards are in this war the $$$$, and lots of it. Not only was Halliburton in for almost guaranteed huge contracts, but the oil cornies were planning on raiding the vast Iraqi oil fields (hasn't quite worked out as they planned).

This is treason on the highest level.
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all.of.me Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 04:14 PM
Response to Original message
33. i'm curious which charity these proceeds will go to....
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Tight_rope Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 04:29 PM
Response to Reply #33
35. Wondering minds want to know!
:shrug:
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teryang Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 06:20 PM
Response to Reply #33
44. He'll probably set up non profits run by family members and...
...trustworthy cronies. This way he won't give up control.
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all.of.me Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 08:07 PM
Response to Reply #44
59. and he can draw a salary
;)
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electron_blue Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 04:25 PM
Response to Original message
34. dayum... anyone here own any Haliburton stock?
I'm sure he'll donate it to Katrina victims.

NOT
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jasmeel Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 05:17 PM
Response to Original message
36. Rawstory: Cheney's Halliburton stock options rose 3,281%
last year, senator finds

http://rawstory.com/news/2005/Cheneys_stock_options_ros...


<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.>



I don't see any con<flict of interest, do you?
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PatriotGames Donating Member (896 posts) Send PM | Profile | Ignore Tue Oct-11-05 05:17 PM
Response to Reply #36
37. What conflict of interest? I don't see one either!
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texpatriot2004 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-12-05 03:07 AM
Response to Reply #37
76. Hey is that a pic of the hero bus driver in NO? What was his
name? They wanted to arrest him or some such nonsense.
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skids Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 05:17 PM
Response to Reply #36
38. Yeah, "Give them to charity."

In other words, give them away as payoff to people in charity establishments for political favors.

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jasmeel Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 05:17 PM
Response to Reply #36
39. It's so obvious my brain burns!! I emailed CNN to see if they
would do a story on it. I'm not getting my hopes up. I would like to know if Cheney gives this $$ to charity like he promised.
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Just Me Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 05:25 PM
Response to Reply #36
40. But for the baseless war in Iraq, neither Cheney or Halliburton would have
,...profitted so HUGELY!!!

SICK!!! SICK WAR-MONGERS!!! THEY HAVE THE BLOOD OF AMERICAN SOLDIERS AND HUNDREDS OF THOUSANDS OF INNOCENT HUMAN BEINGS ON THEIR HANDS!!!

SICK DICK!!! :grr:
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teryang Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 06:18 PM
Response to Original message
43. Give them to charity?
Reminds one of the thieves who find themselves in front of the judge for sentencing who say, "but your honor, I intended to pay the money back." The Judges give this no consideration on sentencing and they shouldn't. It's only said after they get caught.

This conduct is freakin outrageous. Organized crime bosses do the same trying to buy morality after their egregious crimes by "giving to charity."

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Mugsy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 06:24 PM
Response to Reply #43
45. Any bets that he'll keep the tax deduction?
An $8 million dollar donation, yes. But that doesn't mean he still won't profit.

Any bets that he'll still take the $8 million dollar donation off on his 2005 taxes?

:evilfrown:
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Egalitariat Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 06:55 PM
Response to Reply #45
48. Itemized Deductions are phased out for rich people
He might get to use 20% of the donation as a deduction, but, for the most part rich people don't get much credit (on their taxes) for charitable contributions.

And, if he gets hit by the AMT, he'll have to pay income taxes next year on any refund he gets.

He offered to give up the tax deduction because rich people don't get to use them anyways.

Not much of a concession on his part.
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LSK Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 06:48 PM
Response to Original message
47. 3 words
Swiss Bank Account
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Old Vet Donating Member (618 posts) Send PM | Profile | Ignore Tue Oct-11-05 07:10 PM
Response to Reply #47
49. This while the people he serves cant afford prescription drugs........
Dying in wars, Drowning from old levees,working paycheck to paycheck, Some days one can just sit and cry out of frustration. Boy that third world talk is sounding more realistic daily.
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Lefty48197 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 07:41 PM
Response to Original message
50. It's a conflict of interest for Cheney to own Halliburton stock
since he's involved in starting the wars that they profit from.
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Eagle_Eye Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-12-05 03:05 PM
Response to Reply #50
82. I was under the impression cheney divested himself of all
Halliburton stock. Now I find out he still holds a ton of stock options. Could cheney have told a lie about his ownership in Halliburton?
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paineinthearse Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 07:49 PM
Response to Original message
51. RS Cheney's Halliburton stock options rose 3,281% last year, senator finds
Edited on Tue Oct-11-05 07:35 PM by paineinthearse
http://rawstory.com/news/2005/Cheneys_stock_options_ros...

Cheney's Halliburton stock options rose 3,281% last year, senator finds
10/11/2005 @ 3:19 pm
Filed by RAW STORY

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.

more.....
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Generic Other Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 07:49 PM
Response to Reply #51
52. Blood money
It's cursed. Trust me.
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TallahasseeGrannie Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 07:49 PM
Response to Reply #51
53. How incredible. How absolutely incredible.
what a banana republic we have become.
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benburch Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 07:49 PM
Response to Reply #51
54. The most corrupt administration in America's history.
And it had a LOT of competition to beat out.
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GoddessOfGuinness Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 07:49 PM
Response to Reply #51
55. What "charity", I wonder?
Pat Robberson?
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Arkamadyz Donating Member (4 posts) Send PM | Profile | Ignore Tue Oct-11-05 07:49 PM
Response to Reply #55
56. bush or cheney
i think ill stick with george bush, god only knows what would happen if cheney actually was president - WW III
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Maeve Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-12-05 03:14 PM
Response to Reply #55
84. Y'know what they say...charity begins at home!
:eyes:

"The Fund to Save Cheney's A$$ets"
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ramapo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 07:49 PM
Response to Reply #51
57. Nary a whimper from the media
Edited on Tue Oct-11-05 07:45 PM by ramapo
Imagine the outrage if this had been a Democratic administration.

The citizenry doesn't seem to upset either
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paineinthearse Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 07:49 PM
Response to Reply #57
58. Raw Story IS the media (our media, at least)
And they are ROARING!
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w8liftinglady Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 08:17 PM
Response to Original message
60. a few links related to/confirming this
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Phoebe Loosinhouse Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 08:24 PM
Response to Original message
61. The US of A is a serfdom whose inhabitants donate to a public treasury
that benfits a few connected nobles. Everything old is new again. We've made very few advances since the days of the Magna Carta.
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w8liftinglady Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 08:30 PM
Response to Original message
62. I MAY HAVE DISCOVERED THE CHARITY!
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sellitman Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 10:01 PM
Response to Reply #62
63. The plot thickens!
Good find!!!!

:popcorn:
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mitchum Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 10:09 PM
Response to Original message
64. I hate these goddamn crooks who are running (and ruining) this country
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Sven77 Donating Member (645 posts) Send PM | Profile | Ignore Tue Oct-11-05 10:32 PM
Response to Original message
66. you forget lynne cheney
lynne (author of the saucy lesbian novel "sisters") worked for Lockheed Martin, Dick was handing her contracts right out of the white house.

http://en.wikipedia.org/wiki/Lynne_Cheney
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w8liftinglady Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 10:36 PM
Response to Reply #66
68. See #63 above
it has Lynne cheney written all over it :yoiks:
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Tigress DEM Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 10:33 PM
Response to Original message
67. Haliburton should refund the 8.8 Billion that got "lost" in Iraq
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goforit Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-12-05 10:38 AM
Response to Reply #67
79. Agreed!!!....Time to freeze their offshore accounts!!!
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IndyJones Donating Member (583 posts) Send PM | Profile | Ignore Tue Oct-11-05 10:45 PM
Response to Original message
69. Please forgive my ignorance here, but a question...
Here is a copy of the Gift Administration Agreement whereby the Cheneys will give all option proceeds to charity.http://www.factcheck.org/UploadedFiles/Cheney%20Gift%20...

Why do they keep bringing up the options as an issue?

Like I said...forgive my ignorance, but I don't see why people are upset over the options issue.

I agree that it seems like Halliburton is getting too big a piece of the war profits and I don't like it at all.

But how is Cheney reaping any benefits? It's not just that he's given a verbal pledge - he's got a legal document in place to enforce it.
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JusticeForAll Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 11:07 PM
Response to Reply #69
71. Your ignorance is pardoned.
Edited on Tue Oct-11-05 11:08 PM by JusticeForAll
OK, so HIS options are going to charity (supposedly).

Now think about how many, many, many other cronies that he worked with and that still work at Halliburton who are now benefitting from the same increase in options? Think about the percentage increase and the absolute amount of money they are "earning"

Now, do you think that this company truly earned these no-bid contracts? Or do you think that they got them because one of their boys is in the White House?

There's no problem when a company earns its profits...but looking at the massive fuckups these shitheads have orchestrated, from pathetic service provided to the military to bungling of relief efforts of Katrina, can you really honestly say there is no issue here?

You think Enron was bad for a lot of Texan investors? This is theft of the entire American public's money and a theft from many generations to come.
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w8liftinglady Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 11:15 PM
Response to Reply #71
72. And forgive my ignorance,too
..but when exactly do these options expire?Isn't he just giving away
"potential" earnings?(His tax return from 2004 certainly doesn't indicate that he made anywhere near what halliburton was going for at the time.Meaning if he acquired his options at 19 dollars a share,and Halliburton is now trading at over 60 dollars a share(and should continue to do well)..when he is no longer in office,he can cash in his options?...just curious.
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w8liftinglady Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 11:27 PM
Response to Reply #72
73. i answered my own question
or rather-Halliburtonwatch.com did

STOCK OPTIONS: The Vice President has signed an agreement to donate any profits from his stock options to charity, and has pledged not to take any tax deduction for the donations. Should Halliburton's stock price increase over the next few years, the Vice President could exercise his stock options for a substantial profit, benefiting not only his designated charities, but also providing Halliburton with a substantial tax deduction.

Halliburton Stock Options Currently Held by Cheney (current to end of 2002): 100,000 shares at $54.5000 (vested), expire 12-03-07; 33,333 shares at $28.1250 (vested), expire 12-02-08; 300,000 shares at $39.5000 (vested), expire 12-02-09.

Cheney's deferred compensation and stock option benefits are in addition to a $20 million retirement package paid to him by Halliburton after only five years of employment; a $1.4 million cash bonus paid to him by Halliburton in 2001; and additional millions of dollars in compensation paid to him while he was employed by the company.

In 2002, Cheney's total assets were valued at between $19.1 million and $86.4 million
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PinkyisBlue Donating Member (617 posts) Send PM | Profile | Ignore Wed Oct-12-05 12:41 AM
Response to Reply #69
74. How is Cheney Reaping Benefits?
According to the document you linked in your post, and if the charities on this document are those to which Cheney will donate his options, he stands to gain plenty. I don't believe he or his peers give away anything; it's all business to them. They steer money to one group or organization and that group will give them back something in return, be it cash, a board membership, money laundered to a different group (or maybe a secret bank account), etc. These people don't do ANYTHING unless they stand to benefit somehow.

Here are the charities listed on your document:

1. University of Wyoming 40% net proceeds

2. Medical Faculty Associates, Inc. 40% net proceeds
(d/b/a GW University Medical
Faculty Associates)
(for the Richard B. Cheney Cardiac
Institute)

3. Capital Partners for Education 20% net proceeds

It's my guess that he has bought himself a team of medical investigators that are conducting research on his specific cardiac problems in the hopes of curing what ails him. The problem is, how do you cure a person's heart disease when it's shown he has no heart?

The Capital Partners for Education provides scholarships for youth in the DC area, who are poor and smart, to attend (and think about this) PRIVATE, mostly RELIGIOUS high schools. I can only imagine how this is personally benefiting him. I noticed on the board of directors of this "charity" (and there are a lot of board members) are members with ties to the Carlyle Group. Hmm, interesting.

And it doesn't specify to which programs the University of Wyoming funds will be directed. Perhaps the Richard B. Cheney Divinity School or the Richard B. Cheney Sports Complex? Don't worry, he'll get a payback for any "giving" he does.




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EFerrari Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-12-05 03:17 AM
Response to Reply #74
78. I agree. He expects to take it with him in suitcases.
It must be pretty awful to be so at odds with your own mortality.
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goforit Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-11-05 10:47 PM
Response to Original message
70. OMG!!!......Better than hitting the lottery.
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pinniped Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-12-05 01:02 AM
Response to Original message
75. Before, these assholes said dickey was only set to receive a deferred...
Edited on Wed Oct-12-05 01:02 AM by pinniped
paycheck from when he was the POS ceo. There were no other ties to the POS company.

Anyone else remember this from a few years ago?

I never saw mention of 433,333 shares of stock until now.

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truthisfreedom Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-12-05 03:11 AM
Response to Original message
77. pledged to use it as a writeoff, more like. he needs it later for the
massive profits he has planned from his other ill gains.
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lonestarnot Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-12-05 01:54 PM
Response to Original message
80. Halliburton awarded another contract today for some
$31 mil.? www.rawstory.com
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jokerman93 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-12-05 02:02 PM
Response to Original message
81. Give Cheney a break man!
Don't you get it? It's all about accountability and personal responsibility! Cheney is looking out for himself and fattening his bank account. That's personal responsibility at its most excellent! These are the new American values the Repubs have been selling. Cheney's a tough, smart, manly man. Did you know he's been known to shoot and kill hundreds of captive birds at one time?! Wow. He's the great white hunter too! Owns lotsa guns! Done quite well for himself and is most likely blessed in the eyes of loard -- otherwise he wouldn't have lots of money and power, right? That's why he's at the top of the kill chain. Merkin people admire that shit now days.

Conflict of interest is only illegal because liberals think it should be. They want regulations because they know they're too weak to dominate. Laws like that are nothing to be concerned about.

:sarcasm:

lol Couldn't help that one!

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MilesColtrane Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-12-05 03:10 PM
Response to Original message
83. Hopefully he'll need that money to pay
for his team of defense lawyers.
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Eurobabe Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-12-05 03:42 PM
Response to Original message
85. Fucking crook.
n/t
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november3rd Donating Member (653 posts) Send PM | Profile | Ignore Wed Oct-12-05 04:20 PM
Response to Original message
86. special prosecutor
let's go. time to roll out the special prosecutor and fund them to nose around into every nook and cranny of those transactions -- just like they did for Whitewater for 8 years.

Only this time they'll find the dirt and it will take about 1 day.
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callady Donating Member (554 posts) Send PM | Profile | Ignore Wed Oct-12-05 07:29 PM
Response to Original message
89. In 1 Year, Halliburton's Stock Doubles as Troops Deaths Double
In 1 year, Halliburton's stock doubles as troop deaths double
20 Sept. 2005

WASHINGTON, Sept. 20 (HalliburtonWatch.org) -- Since the beginning of the Iraq war, Halliburton, the Texas energy giant once headed by Vice President Dick Cheney, has seen its stock price more than triple in value. When the U.S invaded Iraq in March of 2003, Halliburton's stock was selling for $20 per share. The stock price at the close of market activity on Monday was $66.

In the last 12 months, the total number of U.S. service members killed in Iraq almost doubled as Halliburton's stock doubled. Halliburton's stock rose from $33 per share in September 2004 to $66 yesterday while U.S. deaths in Iraq increased from 1,061 to almost 1900.

Three graphs at this link starkly depict the dramatically similar rise of Halliburton's stock price, revenue and U.S. soldiers killed during the past thirty months of war in Iraq.

Halliburton's CEO also enjoyed an incredible personal gain from Iraq and the commensurate rise in gasoline prices. A HalliburtonWatch analysis reveals that CEO David Lesar's stock holdings in Halliburton increased by a stunning $78 million since the Iraq invasion.

http://www.halliburtonwatch.org/news/stock_troop2.html

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lovuian Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-12-05 07:53 PM
Response to Original message
90. Haliburton has been Cheney's baby Bush Carlyle
everyone has their favorite funneling business!!!
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OKNancy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-13-05 06:56 AM
Response to Original message
92. kick
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ElsewheresDaughter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-13-05 07:22 AM
Response to Original message
93. Cheney's Halliburton stock options rose 3,281% last year, senator finds
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.

<snip>

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.

http://rawstory.com/news/2005/Cheneys_stock_options_ros...
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SCDem Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-13-05 07:22 AM
Response to Reply #93
94. The whole give to charity thing
What charity would that be Mr Cheney? Oil for dollars? Help a displaced ex-CEO who had the unfortunate circumstance of getting caught in his lies? More snowflake babies?

What would that charity be?
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CTyankee Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-13-05 07:36 AM
Response to Original message
95. "Government had nothing to do with it"
Remember when he said that about his success in business during the VP debate against Lieberman in 2000?

It's a wonder he doesn't choke on his own lies.
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TiredOfLies Donating Member (44 posts) Send PM | Profile | Ignore Sat Oct-15-05 04:51 PM
Response to Original message
96. Cheney on Meet the Press Sept,. 14, 2003
He should be locked up!!!!!!!!!!!
And since I left Halliburton to become George Bushs vice president, Ive severed all my ties with the company, gotten rid of all my financial interests. I have no financial interest in Halliburton of any kind and havent had now for over three years. And as vice president, I have absolutely no influence of, involvement of, knowledge of in any way, shape or form of contracts led by the Corps of Engineers or anybody else in the federal government, so...

http://msnbc.msn.com/id/3080244
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