Cheney's Halliburton Stock options:
10-12-2005, 05:35 AM
#1
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Cheney's Halliburton Stock options:
Up 3,000% Now worth $9,000,000
http://lautenberg.senate.gov/~lauten...005915804.html
<snip> In September 2003, the Congressional Research Service (CRS) issued a memorandum to Senator Lautenberg concluding that holding stock options while in elective office does constitute a "financial interest" regardless of whether the holder of the options will donate proceeds to charities. CRS also found that receiving deferred compensation is a financial interest.
The CRS report can be downloaded at:
http://lautenberg.senate.gov/Report.pdf
The CRS findings contradict Vice President Cheney's puzzling view that he does not have a financial interest in Halliburton. On the September 14, 2003 edition of Meet the Press in response to questions regarding his relationship with Halliburton where he was employed as CEO for five years, from 1995 to 2000, Vice President Cheney said:
"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.
http://lautenberg.senate.gov/~lauten...005915804.html
<snip> In September 2003, the Congressional Research Service (CRS) issued a memorandum to Senator Lautenberg concluding that holding stock options while in elective office does constitute a "financial interest" regardless of whether the holder of the options will donate proceeds to charities. CRS also found that receiving deferred compensation is a financial interest.
The CRS report can be downloaded at:
http://lautenberg.senate.gov/Report.pdf
The CRS findings contradict Vice President Cheney's puzzling view that he does not have a financial interest in Halliburton. On the September 14, 2003 edition of Meet the Press in response to questions regarding his relationship with Halliburton where he was employed as CEO for five years, from 1995 to 2000, Vice President Cheney said:
"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.
10-12-2005, 08:26 AM
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Originally Posted by psoper
Nothing to see here, the VP has no financial ties with Halliburton, move along......
10-12-2005, 01:11 PM
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For six years, I used to drive I-80 every day to/from work.
Every so often, I'd pass a middle-aged white collar type driving a white Ford Exploder with "Halliburton" on it.
Well, shortly after the "liberation" of Iraq, the Exploder became an Expedition.
I guess it's good to be connected to the King.
But, so what if Dick is making money.
It comes with the territory; no one was complaining when the last admin was profiteering off of our backs.
Every so often, I'd pass a middle-aged white collar type driving a white Ford Exploder with "Halliburton" on it.
Well, shortly after the "liberation" of Iraq, the Exploder became an Expedition.
I guess it's good to be connected to the King.
But, so what if Dick is making money.
It comes with the territory; no one was complaining when the last admin was profiteering off of our backs.
10-12-2005, 01:29 PM
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Originally Posted by Oaf
....
But, so what if Dick is making money.
But, so what if Dick is making money.
Originally Posted by Oaf
no one was complaining when the last admin was profiteering off of our backs.
Rational people didn't complain because it didn't happen- at least not as brazenly and openly as bushcheney inc. does business.
Please show me one instance where his administration is alleged to have been "profiteering off of our backs"
10-12-2005, 02:42 PM
#8
So if you worked for google and had stock in the company, and later on ran for govenor and won, would you give up what you had fairly earned prior?
Heck no !
Welcome to capitalisim, where the smart make money and the dumb watch mtv.
Heck no !
Welcome to capitalisim, where the smart make money and the dumb watch mtv.
10-12-2005, 03:36 PM
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Originally Posted by VIBEELEVEN
So if you worked for google and had stock in the company, and later on ran for govenor and won, would you give up what you had fairly earned prior?
Heck no !
Welcome to capitalisim, where the smart make money and the dumb watch mtv.
Heck no !
Welcome to capitalisim, where the smart make money and the dumb watch mtv.
Maybe you wouldn't want to sell your google holdings, but you would probably have to in order to legally serve in the position you were elected to.
But suppose you were the hypothetical govenor who held onto his google stocks, and then suppose you gave google a no-bid contract to be the sole-source of seraching for all of your state government, that would just be good business right?
If this doesn't strike you as blatent corruption, I have a hard time imagining what would
10-12-2005, 03:50 PM
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Originally Posted by VIBEELEVEN
So if you worked for google and had stock in the company, and later on ran for govenor and won, would you give up what you had fairly earned prior?
Uh, you'd sell the stock and end up with the cash...so you wouldn't give up what you fairly earned prior, you'd give up 'potential future' earnings...but that's a fair trade off considering you're trying to gain power.
10-12-2005, 03:57 PM
#11
Originally Posted by MVWRX
Uh, you'd sell the stock and end up with the cash...so you wouldn't give up what you fairly earned prior, you'd give up 'potential future' earnings...but that's a fair trade off considering you're trying to gain power.
Originally Posted by psoper
But suppose you were the hypothetical govenor who held onto his google stocks, and then suppose you gave google a no-bid contract to be the sole-source of seraching for all of your state government, that would just be good business right?
If this doesn't strike you as blatent corruption, I have a hard time imagining what would
If this doesn't strike you as blatent corruption, I have a hard time imagining what would
Last edited by VIBEELEVEN; 10-12-2005 at 05:05 PM.
10-12-2005, 06:53 PM
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Originally Posted by VIBEELEVEN
You're right.
You really can't link the two together like that, considering the circumstances for awarding the contract you speak of.
You really can't link the two together like that, considering the circumstances for awarding the contract you speak of.
10-12-2005, 08:08 PM
#14
The fact that they already won the bid in 2001 for the pre-war planning of fighting oil fires, so it only made sense to go with the one who had already put together a plan, instead of starting from scratch. The clinton admin. did the same thing in when they awarded halliburton a contract in the balkens in 1992 and lost the bid in 1997, halliburton was awarded a no bid contract because it seemed foolish to switch mid stream.
Psst, What's the DFL?
Psst, What's the DFL?
10-13-2005, 05:22 AM
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Originally Posted by VIBEELEVEN
The fact that they already won the bid in 2001 for the pre-war planning of fighting oil fires, so it only made sense to go with the one who had already put together a plan, instead of starting from scratch. The clinton admin. did the same thing in when they awarded halliburton a contract in the balkens in 1992 and lost the bid in 1997, halliburton was awarded a no bid contract because it seemed foolish to switch mid stream.
Psst, What's the DFL?
Psst, What's the DFL?
DFL is the Deomcratic Farmer-Laborer party, Minnesota's version of the Democratic party.
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