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Most emailed on Yahoo : Allen didn't report stock options

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tocqueville Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-08-06 05:47 PM
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Most emailed on Yahoo : Allen didn't report stock options
AP: Allen didn't report stock options By SHARON THEIMER and BOB LEWIS, Associated Press Writers
1 hour, 47 minutes ago

RICHMOND, Va. - For the past five years, Sen. George Allen (news, bio, voting record), has failed to tell Congress about stock options he got for his work as a director of a high-tech company. The Virginia Republican also asked the Army to help another business that gave him similar options.

Congressional rules require senators to disclose to the Senate all deferred compensation, such as stock options. The rules also urge senators to avoid taking any official action that could benefit them financially or appear to do so.

Those requirements exist so the public can police lawmakers for possible conflicts of interest, especially involving companies with government business that lawmakers can influence.

Allen's stock options date to the period from January 1998 to January 2001 when Allen was between political jobs and had plunged into the corporate world.

http://news.yahoo.com/s/ap/20061008/ap_on_el_se/allen_i...
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Frazzled Educator Donating Member (145 posts) Send PM | Profile | Ignore Sun Oct-08-06 05:49 PM
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1. This Allen guy is as dirty as they come
I sure hope Webb eats him alive.
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Olney Blue Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-08-06 05:54 PM
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2. Every week reveals another fricking scandal for this creep.
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