Cheney’s Halliburton Stock Options Rose 3,281 Percent Last Year.....
"Vice President Dick Cheney’s stock options in Halliburton rose from $241,498 in 2004 to over $8 million in 2005, an increase of more than 3,000 percent..."
The media has routinely downplayed Cheney’s involvement and financial investment in Halliburton, one of the largest U.S. defense contractors that received supersized no-bid contracts in Iraq.
SHOULD THE Vice President of the U.S. be allowed to use his position of power to reap rewards for his former company in which he has a financial investment?
2006-09-18 15:56:22 · 8 answers · asked by big-brother 3 in Politics & Government ➔ Politics
Sources:Raw Story, October 2005
Title: “Cheney’s Halliburton Stock Options Rose 3,281 Percent Last Year, Senator Finds”Author: John Byrne
Senator Frank Lautenberg’s website
Title: “Cheney’s Halliburton Stock Options Soar to $9.2 Million
2006-09-18 16:04:33 · update #1
JESI,
CRS also found that receiving deferred compensation is a financial interest. The Vice President continues to receive deferred salary from Halliburton. While in office, he has received the following salary payments from Halliburton:
Deferred salary paid by Halliburton to Vice President Cheney in 2001: $205,298
Deferred salary paid by Halliburton to Vice President Cheney in 2002: $162,392
Deferred salary paid by Halliburton to Vice President Cheney in 2003: $178,437
Deferred salary paid by Halliburton to Vice President Cheney in 2004: $194,852
(The CRS report can be downloaded at: http://lautenberg.senate.gov/Report.pdf)
2006-09-18 16:08:26 · update #2
He either divested himself of his portfolio or they are in a blind trust. Either way he has no control of his investments, thats part of the deal when you want to be a national elected official.
2006-09-18 16:05:14 · answer #1 · answered by Anonymous · 1⤊ 2⤋
Halliburton's stock rose from $33 per share in September 2004 to $66 yesterday . It was $20 a share when the war started.
So if the stock price has tripled, how did his options increase 3000 percent?
Did the company change the option price or what? This question is deliberatey inflammatory and misleading.
That being said, it is absolutely criminal to be awarding no bid defense contracts to this company. Anybody hear about the 500 million dollars in fraud they billed our govt for? After they got caught, the Army made a deal where they only had to pay back like 30 million.
So yeah, people wake up. Stop being so easily lead by rah rah patriotic propaganda and realize the real enemies of our country are in office right now. Destroying our constitution and pillaging our national resources, while people fawn over their speech delivering figure head Bush.
2006-09-18 23:12:17 · answer #2 · answered by Thurston Howell III 4 · 1⤊ 1⤋
Not at all. I made just as much on my Halliburton stock. Sweet.
2006-09-18 23:01:26 · answer #3 · answered by Mr. BIG 6 · 0⤊ 1⤋
You insert a quote into your post and fail to tell us where this quote came from. I believe Cheney sold his stock in Haliburton when he became VP. Sure would like to know where your info came from....Air America? No, it can't be them, they went bankrupt! Moveon.org maybe?
2006-09-18 23:01:29 · answer #4 · answered by Cinner 7 · 0⤊ 1⤋
Well first of all I doubt 3000 percent. However if it did I am mad
for missing that. Dang I should have bought stock, thats what I am mad about.
2006-09-18 23:01:09 · answer #5 · answered by Rick D 3 · 0⤊ 1⤋
It means he caused this entire war to make money.
As for those of you who are still in a state of disbelief, you can look at Halliburtonwatch.com.
I might have spelled it wrong. Go googling you noob.
2006-09-18 22:58:50 · answer #6 · answered by Roger Y 3 · 1⤊ 0⤋
Hmm
No conflict of interest there.
Just be quiet while more troops die.
2006-09-18 23:00:49 · answer #7 · answered by Anonymous · 1⤊ 0⤋
no don't damnocrats have a tree to hug or an owl to save
2006-09-18 23:00:43 · answer #8 · answered by Anonymous · 0⤊ 2⤋