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Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?

To: Rock_nj who wrote (15043)	4/15/2004 6:33:27 PM
From: Augustus Gloop	Respond to of 81568

Dood.....his compensation is not tied to the stock price. If his income stream was tied to the price of the stock it would be a different matter. The article you posted suggested that the 176k he gets was not based on stock price in any way. It's more like an annuity payment from the 36 million dollar severance package. Don't get me wrong - I'd like to get let go like that some day <g> but stock price is not the driver of that income. And as VP I believe his securities are in a blind trust - I'm not 100% sure of that but I think that is protocol for high level officials.

To: Rock_nj who wrote (15043)	4/15/2004 6:34:04 PM
From: Alan Smithee	Read Replies (1) \| Respond to of 81568

As someone noted above, he was entitled to receive the payments under the terms of his severance package. That package was fixed (I believe) before he took on the position of Vice President. The value did not fluctuate with the value of HAL stock or by reason of the contracts HAL gained or did not gain. There is no conflict of interest. Believe me, the ethics constraints on government officials are pretty clearly spelled out. If there was something improper with him receiving deferred comp. from HAL, someone in the US Office of Government Ethics would have been all over this. If I am missing something here, please feel free to educate me. Prefarably a reference to the US Code section being violated, or to the CFR section that pertains to regulate this would be helpful.

To: Rock_nj who wrote (15043)	4/15/2004 6:37:31 PM
From: Augustus Gloop	Read Replies (1) \| Respond to of 81568

Yes, the vice president still gets an annual Halliburton check. When he resigned as CEO to become the hand in the George W. Bush talking puppet, Cheney arranged his massive $36 million severance package to be paid out over a period of years, so as to pay less tax. Cheney says that this check comes in regardless of whether the enormous oil-and-defense contractor has a good year or a bad one, and so he has "no financial interest in Halliburton of any kind." Here is more on his stock options STOCK OPTIONS At the end of 2002, Vice President Cheney's financial disclosure form stated that he continued to hold 433,333 unexercised Halliburton stock options, with exercise prices above the company's current stock market price. The Vice President has signed an agreement to donate any profits from these stock options to charity, and has pledged not to take any tax deduction for the donations.