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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: Land Shark who wrote (32680)	10/28/2004 6:05:59 PM
From: Bill	Respond to of 173976

You have your facts wrong. As usual.

To: Land Shark who wrote (32680)	10/28/2004 6:59:04 PM
From: Selectric II	Respond to of 173976

Oh really? Wanna bet your bottom dollar on that? I wouldn't if I were you. Might hurt your yields. factcheck.org@DocID=261.html Stock Options That still would leave the possibility that Cheney could profit from his Halliburton stock options if the company's stock rises in value. However, Cheney and his wife Lynne have assigned any future profits from their stock options in Halliburton and several other companies to charity. And we're not just taking the Cheney's word for this -- we asked for a copy of the legal agreement they signed, which we post here publicly for the first time. [see * below] The "Gift Trust Agreement" the Cheney's signed two days before he took office turns over power of attorney to a trust administrator to sell the options at some future time and to give the after-tax profits to three charities. The agreement specifies that 40% will go to the University of Wyoming (Cheney's home state), 40% will go to George Washington University's medical faculty to be used for tax-exempt charitable purposes, and 20% will go to Capital Partners for Education , a charity that provides financial aid for low-income students in Washington, DC to attend private and religious schools. The agreement states that it is "irrevocable and may not be terminated, waived or amended," so the Cheney's can't take back their options later. The options owned by the Cheney's have been valued at nearly $8 million, his attorney says. Such valuations are rough estimates only -- the actual value will depend on what happens to stock prices in the future, which of course can't be known beforehand. But it is clear that giving up rights to the future profits constitutes a significant financial sacrifice, and a sizeable donation to the chosen charities. * factcheck.org factcheck.org@DocID=261.html