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

To: Bill who wrote (507995)	12/11/2003 5:58:23 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769670

Er... except for his stock options.

To: Bill who wrote (507995)	12/11/2003 6:18:42 PM
From: J_F_Shepard	Respond to of 769670

He has taken an insurance policy on his deferred payments which will pay him if the company goes bankrupt..... but as the National Review's Byron York says: "Although a third party insures Cheney's payments, they are still in fact coming from Halliburton. He's still getting those checks. And even if Cheney is on solid legal ground, common sense would tell most people that if they received six-figure paychecks from a company, they would have financial ties to that company. So why is Cheney taking the money? Because he earned it, his aides say. But Cheney also had a lot of money coming to him from $7.8 million in Halliburton stock options and in January 2001, just before taking office, he assigned his right to any future profits from those options to charity. He could have done the same with the deferred compensation. That would involve giving up some cash, but Cheney made $36 million in 2000 and the charity option might have been a relatively inexpensive way to avoid trouble."