Cheney earns another $194,852 from Halliburton

[Bluebear]

http://www.philly.com/mld/inquirer/news/nation/11408103.htm

On their return, the Cheneys listed his $203,000 government salary and $194,852 in deferred compensation from Halliburton Co., where he was chief executive officer from 1995 to 2000.

Cheney struck a deal with the oil giant in December 1998 to have his 1999 salary paid in fixed annual installments - including interest - over a five-year period after his retirement from the company.

The White House, in a written statement, said Cheney's decision to defer compensation was final and unalterable "before Mr. Cheney left Halliburton."

Halliburton has come under fire from some lawmakers and the Pentagon, which contended in portions of audits released this week that the Dallas-based company may have overcharged the U.S. government by $212 million under contracts to help rebuild Iraq's oil industry.

[tjdee]

1. Didn't he tell Joe Lieberman he had no interest in Halliburton?

And didn't Joe Lieberman go Duhhhhhhhhh...?

[tabasco]

6. Cheney's exact words:

"I've severed all ties to Halliburton."

Man, I should sever all ties with Halliburton too. That's a nice little payday.

[FreedomAngel82]

13. Ugh

Fucking liar. If he doesn't still associate with them why the hell did he earn money from them? Bastard!

[WillowTree]

16. Try looking up the definition of "deferred compensation".

[Name removed]

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[WillowTree]

19. Meaning, presumably...

....that he no longer holds any financial interest in Haliburton which is true unless someone has dug something new up and hasn't told anyone about it.

This deferred compensation agreement was disclosed before he ever became Vice President and it doesn't represent any substantive "ties" to the company. They are only paying him monies that he earned well before he went back into public life and he's never made any secret of it. Yet every year at this time, people bring it up all over again and characterize it as him having "earned" X-number of dollars from Haliburton in the preceding year which is just plain false. And seeing it characterized that way gets old and it just makes our side look foolish, which is maddening.

[libertypirate]

2. It is getting so absurd, I think these small problems

keep us out of much bigger ones.

[The Doctor.]

3. Agreed.

The deferred payments are perfectly allowable if unseemly.
Just like Kojo Annan's.

Big Deal.

The point that Halliburton is raping taxpayers is an entirely different story.

[DistressedAmerican]

4. Have YOU Tithed Today?

[paineinthearse]

5. I thought when elected to the executive,

all funds needed to be put into blind trusts.

[JohnnyRingo]

7. Back in '99-2000 when the campaign was in full swing

Rolling Strone did a bio on Cheney.
They said his contract with Halli had a stipulation that if he left the company to occupy a public office he would recieve $100,000+ in deferments.

Unlike the press, I never forgot that.
Or the foresightedness of Haliburton.

[mac56]

8. Like Bill Maher said about Bush and the Sheik:

Cheney's like Michael Jackson with a twelve year old. He doesn't even care how it looks.

[Name removed]

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[jessicazi]

10. But...doesn't Cheney

donate all of his deferred salary to charities and, I believe, a university? I hate Cheney as much as anyone else, but from what I have read, this seems to be true.

[Bluebear]

11. Whether he does or not is not important

He still gets a tax write-off if he indeed does that. The fact remains he is receiving compensation from a corporation that profited HANDILY from Iraq.

[FreedomAngel82]

14. It also means

he lied to a Senator.

[Name removed]

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[FreedomAngel82]

20. And he probably

donates to people like Falwell and Robertson who their group caters to.

[Name removed]

21. Deleted message

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[WillowTree]

12. Did you READ what you posted?

He didn't "earn" anything from Haliburton last year. What he received is a deferred payment on what he earned in 1999, before he left Haliburton and before he became VP, as per the agreement. It's completely legitimate and he's never made a secret about this.

There's plenty to go after these people for without twisting and mischaracterizing things that actually are on the up-and-up.

[Bluebear]

18. Yeah that's me, a real twister-- no, I NEVER read what I write

:eyes:

I don't care how up-and-up it is, it's still unseemly.