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Politics : Formerly About Advanced Micro Devices

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To: Alighieri who wrote (203152)9/20/2004 12:19:03 PM
From: tejek  Read Replies (2) of 1572409
 
<font color=brown>Do you consider this a conflict of interest? Nah! DR says Cheney is as honest as the day is long and besides he plays Santa Claus for his grandkids. But then, Halliburton got those humongous awards in Iraq. What do you think? <font color=black>

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Cheney is still paid by Pentagon contractor

Bush deputy gets up to $1m from firm with Iraq oil deal


Robert Bryce in Austin, Texas and Julian Borger in Washington
Wednesday March 12, 2003
The Guardian

Halliburton, the Texas company which has been awarded the Pentagon's contract to put out potential oil-field fires in Iraq and which is bidding for postwar construction contracts, is still making annual payments to its former chief executive, the vice-president Dick Cheney.
The payments, which appear on Mr Cheney's 2001 financial disclosure statement, are in the form of "deferred compensation" of up to $1m (£600,000) a year.

When he left Halliburton in 2000 to become George Bush's running mate, he opted not to receive his leaving payment in a lump sum but instead have it paid to him over five years, possibly for tax reasons.

An aide to the vice president said yesterday: "This is money that Mr Cheney was owed by the corporation as part of his salary for the time he was employed by Halliburton and which was a fixed amount paid to him over time."

guardian.co.uk
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