How much stock does Cheney own in Halliburton?

Question

I think he is such a shrewd inverstor. No wonder he became V.P.

Answer 1

Sorry this is so long; it's just the tip of the ice berg. Halliburton subsideries got Iraq contracts..no dis.
Halliburtun has the Afghanastan contracts.

Halliburton Corporation, the world's largest oilfield services company, confirmed August 16 that Republican vice presidential nominee Richard Cheney will receive a “golden handshake” worth up to $20 million upon his retirement as chief executive officer of the firm.

Although Cheney did not fulfill the terms of his contract as CEO, which requires that he serve until age 62, another three years, in order to collect full benefits, Halliburton's Board of Directors has decided to waive all penalties and give him the maximum severance and pension package, the bulk of which is in the form of stock options.

The waiver means that Cheney will not forfeit options to buy 400,000 ordinary shares of Halliburton stock at a favorable price. The Board also decided to lift the restrictions on another 140,000 shares of restricted stock, allowing Cheney to convert these into regular shares.

The company valued the two waivers at $7.7 million, a calculation that is deliberately low, since it assumes a stock price of $42.25 per share, the closing value on July 25, the day after George W. Bush announced Cheney's selection as his running mate. At current prices the waivers amount to a gift of $13.6 million, and the value could rise even higher if Halliburton's stock price continues to climb.

Some of the 400,000 options will not vest for Cheney until December of this year, before he takes office if elected vice president. Other options will not vest until December 2001 or December 2002, meaning that Cheney would retain a substantial personal interest in Halliburton well into his term of office. According to a Halliburton officer, the options cannot be transferred or donated to charity except after Cheney's death, by his heirs.

Cheney denied that the options meant that his actions as vice president would be influenced by his oil industry holdings. A spokesman quoted him as saying: “I will do whatever the law requires. I will do whatever I need to do to avoid any conflict of interest.” As it happens, however, according to experts in the field, there is no legal requirement that Cheney dispose of assets such as stock options before or after taking office.
so long, very informative and the tip of the iceberg:

Answer 2

Cheney Halliburton Stock

Answer 3

Look it up on Yahoo. I did, because this question was raised recently by someone with an obvious liberal agenda. Yahoo reports under trading symbol "HAL" that all insiders together hold ZERO percent!! Obviously that's rounded down from some small fraction of one percent. Cheney has at least had no hands-on control of any shares he may still own since the year 2000, so he doesn't even qualify as an insider. Most of the stock is held by nearly 700 public mutual funds.

Answer 4

Dick owns 433,333 Halliburton stock options. Worth about $8 million.

Before he worked at Halliburton he was worth about $1 million. After a couple of years working there his net worth shot up to $60 million. It wasn't shady though. He came up with some great ideas for military contracting. (e.g. He said instead of soldiers washing clothes and peeling potatoes, why don't we get Halliburton employees to do it.)

Answer 5

I believe he sold his Halliburton stock before taking office and turned over funds to a blind trust for reinvestment. They don't tell him where they are investing and he's not allowed to ask. That keeps him from doing what you're suggesting - manipulating a company to make his own stock more valuable.

Answer 6

Probably not as much as Bush owned in Enron stock !

Answer 7

If its large enough amount it will be posted on their site. Look up the stock.

Answer 8

remember when God said to Abraham? "Do you see the stars in the sky?"

Answer 9

a lot thousands