Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: stockman_scott who wrote (288541)	8/20/2002 4:46:30 PM
From: Karen Lawrence	Read Replies (2) \| Respond to of 769670

Great find! I think we need to put Cheney at the front of any military line attacking Iraq. Ruthless, he was a scoundrel. He has no integrity or character to knowingly do this: Court documents show that Cheney devised a plan to sell Highlands (Insurance) to unsuspecting shareholders by not disclosing the company's potential asbestos claim liabilities. If successful, Highlands Insurance would be spun off as an independent company - sold to investors and along with it would go Halliburton's exposure to losses the insurance company would almost certainly face. Documents issued by Halliburton and signed by Cheney at the time the deal was announced downplayed any negatives. Highland executives, the documents state, would of course lose access to Halliburton's planes, computers and use of the company's hunting and fishing lodges in Texas and Florida. Other than that, not much would change for them. The Highlands deal may be the best clue to date of Cheney's cold and ruthless Machiavellian management style. Within three years of the sale Highlands found itself saddled with 23,000 claims worth about $80 million from workers at Halliburton's Brown & Root construction subsidiary. Highland's attorneys have argued - successfully - that Cheney withheld "material information" about Brown & Root's insurance issues. Last month the Delaware Supreme Court upheld a lower court ruling in favor of Highlands.