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Politics : PRESIDENT GEORGE W. BUSH

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To: John Chen who wrote (508722)12/12/2003 11:57:25 PM
From: geode00   of 769667
 
Right-o, Cheney supposedly has a deferred compensation contract with HAL which can pay him between $100K and $1m/year.

I don't think it's clear HOW the payout is calculated. Maybe it's calculated on HALs revenue and profits. I have no idea.

Dick Cheney, also a liar:

"...A report by the Congressional Research Service undermines Vice President Dick Cheney's denial of a continuing relationship with Halliburton Co., the energy company he once led, Sen. Frank Lautenberg said Thursday.

The report says a public official's unexercised stock options and deferred salary fall within the definition of "retained ties" to his former company.

Cheney said Sunday on NBC that since becoming 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." ...

According to The Post, while Cheney was defense secretary the Pentagon chose Halliburton subsidiary Brown & Root to study the cost effectiveness of outsourcing some military operations to private contractors. Based on the results of the study, the Pentagon hired Brown & Root to implement an outsourcing plan. Cheney became Halliburton CEO in 1995."

=========== How corrupt can one administration be?
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