Reply #4: "...deferred salary or compensation [View All]

[rocktivity]

received from a private corporation -- as well as unexercised stock options -- may represent a continuing financial interest as defined by federal ethics laws."

According to a story I read earlier, Cheney not only held on to his stock options, he arranged to be paid in installments AND took out an insurance policy ensuring he'd get the money even if Halliburton went of business. Why this is ethically incorrect should be obvious: While Cheney may not work for Halliburton anymore technically, he has a direct stake in making sure they stay in business.

Another issue that needs to be clarified is the exact nature of the compensation: was it the result of a contract buyout, in which case he should have taken the money in a lump sum? Or is it a glorified "advance on his allowance" granted in view of the fact that he could not be work for Halliburton and be Bush's vice president?

There's no "may" about it.


rocknation