Cheney Paid $2.4 Million by Halliburton in 2000
Monday April 2
Halliburton Co. said on Monday that it paid U.S. Vice President Dick Cheney ) more than $2
million last year before he left the company to pursue the vice
presidency as George W. Bush's running mate.
The company, the world's largest oil-field services company, disclosed
in a proxy statement that it provided Cheney a compensation package
that totaled $2.4 million when he was chairman and chief executive last
year.
Cheney, who left Halliburton in August last year to join fellow
Republican Bush in his bid for the White House, did not receive any
restricted stock or options, the company's filing with the U.S. Securities
and Exchange Commission showed.
His 2000 compensation included a pro-rated bonus of $1.5 million, a
$806,332 salary and $100,775 in other compensation, according to the
filing.
The proxy, an annual report to shareholders, also showed that Cheney
exercised options last year on 826,667 shares valued at $22 million.
The company said Cheney holds outstanding options for 433,333
shares and has entered into an irrevocable agreement to donate to
charity the after-tax proceeds from the exercise of all of his outstanding
options.
In 1999, Cheney received a $1.3 million salary and 300,000 options
valued $18.9 million, depending on the company's stock performance.
He did not receive a bonus.
Halliburton's stock was down $2.12 at $34.63 in afternoon trading on
the New York Stock Exchange (news - web sites). It has ranged from
$32.50 to $55.19 in the past 52 weeks.
From Reuters |
