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onethatcares Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-13-04 06:04 AM
Original message
dickless cheneys' halliburton deferred payments
does anyone know which charity it supposedly donated to?
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Jacobin Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-13-04 06:23 AM
Response to Original message
1. So far this is what I've googled:
http://www.mindfully.org/Reform/2003/Cheney-Halliburton...

Senator Frank Lautenberg Releases CRS Report
Confirming Cheney's Deferred Salary and Stock Options
Constitute a "Financial Interest" in Halliburton
PRESS RELEASE / Senator Frank R. Lautenberg 25sep03
Nonpartisan Agency Analysis Conflicts with Cheney's Denials of "Financial Interest"
in Company Reaping Billions From Administration Contracts

WASHINGTON, D.C. - Senator Frank R. Lautenberg released a CRS Report today that confirms that receiving deferred salary and holding stock options in a corporation does constitute a "financial interest" under Federal ethics standards. This finding directly conflicts with statements released by the Vice President's office after it was revealed that the Vice President continues to receive deferred salary from Halliburton and holds 433,333 Halliburton stock options. The controversy arose when Vice President Cheney made the following statement on the September 14th edition of Meet the Press:

"And 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."

After the Vice President was confronted with information to the contrary, his office continued to deny any financial tie, arguing that by taking out an insurance policy on the deferred salary and assigning his after-tax proceeds from the sale of unexercised options to charity, a financial interest no longer existed. The CRS Report explicitly rejects this dubious line of reasoning, finding that financial ties continue despite those steps.

Another important issue explained in the CRS report is that the President and Vice President are both exempt from the enforcement of the ethics laws. The reason they are exempt is because forcing the President or Vice President to disqualify themselves from certain duties or recusing themselves from certain issues could interfere with the President and Vice President's Constitutionally required duties. The Constitution provides its own remedies against the President and Vice President for ethical breaches.

"This report makes clear that Vice President Cheney does indeed have financial interests in Halliburton under Federal ethics standards," said Senator Lautenberg. "I ask the Vice President to stop dodging the issue with legalese, and acknowledge his continued financial ties with Halliburton to the American people." DEFERRED SALARY

* Deferred salary paid by Halliburton to Vice President Cheney in 2001: $205,298 * Deferred salary paid by Halliburton

(I'm still looking to see which charity the stock options went to)
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Jacobin Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-13-04 06:29 AM
Response to Reply #1
3. It looks like:
He has "pledged" to donate the after tax proceeds of the options to charity. Haven't been able to determine which charity he "pledges" to donate the stock options to.

Apparently he still owns the options. What a surprise. Crooks and liars? Why would Kerry say such a thing? :eyes:
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The Backlash Cometh Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-13-04 06:54 AM
Response to Reply #1
4. What are the other constitutional remedies against the pres. & vice pres?
Did the article mention what the other remedies were against the pres. & vice pres? I'm referring to this quote:

"The Constitution provides its own remedies against the President and Vice President for ethical breaches."
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rfranklin Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-13-04 07:30 AM
Response to Reply #1
5. The Cheney Foundation for World Peace...
Which pays Dick Cheney a consulting fee equal to its income each year from the generous donations of the Halliburton Corporation.
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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-13-04 06:24 AM
Response to Original message
2. Yes, the DC Retirement Fund...
...DC for Dick Cheney :toast:
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BiggJawn Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-13-04 08:18 AM
Response to Original message
6. The Lynn Cheney Young Lesbian Novel Writer's Guild.
Or not-so-young Lesbian Novel writer, seeing as Lynn is the only beneficiary....
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