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


To: Skywatcher who wrote (279001)7/22/2002 5:37:32 PM
From: Arthur Radley  Respond to of 769667
 
Shrub has got some competition in the lying category....

"Last week, {Bush's} Treasury Secretary Paul H. O'Neill stood before a packed audience at the U.S. Chamber of Commerce to address the continuing scandals of corporate irresponsibility, banking on his own history as chief executive of Alcoa Inc.
"When I was at Alcoa I never sold a single share of Alcoa stock," he said, repeating a claim he had made on CBS's "Early Show" the day before. "I wanted my financial success and the company's success inextricably linked. Other executives should do the same."

But O'Neill did sell Alcoa stock, 662,547 shares in April 1999 worth nearly $30 million, when he was the company's chairman and chief executive....

"He didn't sell a share. He sold a lot of shares," said Marc Steinberg, a law professor at Southern Methodist University and a former SEC enforcement lawyer. --Washington Post, July 18, 2002.