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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: D. Long who wrote (149204)	5/28/2001 2:18:06 PM
From: asenna1	Read Replies (4) \| Respond to of 769670

You thread clowns continue to crack me up on a daily basis. Ethics? How 'bout a vice-president, six months removed from the CEO position of a major energy-related company, authoring a nation's energy plan that recommends his former company's business be made the top priority? "Bush plucked Cheney from his post as CEO of Halliburton Co., a Texas construction and engineering outfit that services oil companies" "The oil services company that Republican vice presidential candidate Dick Cheney ran the last five years has agreed to let him retire with a package worth an estimated at $20 million, a person familiar with the company's plan confirmed Saturday." "Cheney, who served as the company's chairman and chief executive, has said that in leaving Halliburton, which paid him $1.3 million last year, he will "take a bath" financially." "Cheney owns or has options on more than 1 million shares of Halliburton stock. The value of his portfolio depends on the reduced price he pays for his options and the price of the stock when he sells it. Halliburton stock closed Friday at $51 a share, so a million shares are worth $51 million." "By letting Cheney treat his departure as early retirement, the directors allowed him to keep $10 million worth of stock and options he would have forfeited had he simply resigned, the company's public filings show. It was not clear whether $10 million was part of the retirement package or in addition to it, the Times said. "I say we need to DRILL!!!!" Wake up and smell the crude, boys. Clowns Rule.