In 1 Year, Halliburton's Stock Doubles as Troops Deaths Double

[buzzsaw_23]

In 1 year, Halliburton's stock doubles as troop deaths double
20 Sept. 2005

WASHINGTON, Sept. 20 (HalliburtonWatch.org) -- Since the beginning of the Iraq war, Halliburton, the Texas energy giant once headed by Vice President Dick Cheney, has seen its stock price more than triple in value. When the U.S invaded Iraq in March of 2003, Halliburton's stock was selling for $20 per share. The stock price at the close of market activity on Monday was $66.

In the last 12 months, the total number of U.S. service members killed in Iraq almost doubled as Halliburton's stock doubled. Halliburton's stock rose from $33 per share in September 2004 to $66 yesterday while U.S. deaths in Iraq increased from 1,061 to almost 1900.

Three graphs at this link starkly depict the dramatically similar rise of Halliburton's stock price, revenue and U.S. soldiers killed during the past thirty months of war in Iraq.

Halliburton's CEO also enjoyed an incredible personal gain from Iraq and the commensurate rise in gasoline prices. A HalliburtonWatch analysis reveals that CEO David Lesar's stock holdings in Halliburton increased by a stunning $78 million since the Iraq invasion.

http://www.halliburtonwatch.org/news/stock_troop2.html

See these charts. Copy/Enlarge them and paste them around town. Send them to your local paper with bits from article.

[valerief]

1. Wasn't the stock price at close $66.6?

[ElectroPrincess]

2. Let's hear it for ole' Cheney's (then man behind the curtain's)

sponsored WAR PROFITEERS most extra-ordinaire, i.e., they're a shameless bunch of ghouls making money from both dead USA troops and innocent Iraqis. Do you really think all those houses bombed out were actually one of Al Zarqawi's sleep overs? :puke:

[jody]

3. Bush-Cheney prove that Christians who prey together, get richer. n/t

[BrklynLiberal]

4. That was one of the things that Donahue pointed out to Billy O'Lielly.

[bonito]

5. Looks like some people are really wining the war

The war profiteers! HELLO AMERICA! WAKE THE FUCK UP! Sorry du I know I'm preaching to the choir, this needs to be in the street. And I'm going to put it there, I swear.

[Sparkman]

6. Yes! The war profiteers dont represent America. DJ flat since 2001, worst

5 year performance SINCE 1977 !! Just look at a chart of the DJI and you can easily see for yourselves that you have to go back to 1977 to find a non-rising, or flat/down-trending 5 year period as bad as we have experienced under this WH!

[Spike from MN]

7. Just imagine the excitment at Halliburton if troop deaths triple!

Or even better, quadruple! And hey, if the current administration can somehow funnel money to the "insurgents", the sky is the limit! Maybe have a couple of soldiers (a couple of Brits, for example) pose as "insurgents" and get things riled up. Oh man, these open-ended contracts are the best!

:sarcasm: Major major sarcasm. At least, on my part, Unfortunately, it's probably the way the head honchos at Halliburton/Cheney Inc. actually think. They don't give a damn how many people die as long as their stock prices are going up. No real surprise there though because we have known that all along. How long will it take before the rest of America wakes up?

[Rex]

8. Monkey did say he won political capital.

Stupid monkey works for Cheney, so Cheney gets to watch secret Halliburton dividend pile up in his basement.

[buzzsaw_23]

9. Mr. Cheney needs to be tried as a conspirator in an illegal invasion

and a war profiteer.


The report says that the deferred compensation that Cheney receives from Halliburton as well as the more than 433,000 stock options he possesses "is considered among the 'ties' retained in or 'linkages to former employers' that may 'represent a continuing financial interest' in those employers which makes them potential conflicts of interest."

<snip>

On Meet the Press Sept. 14, Cheney disavowed any present connection to Halliburton: "And since I left Halliburton to become George Bush's vice president, I've severed all my ties with the company, gotten rid of all my financial interests. I have no financial interest in Halliburton of any kind and haven't had now for over three years." The statement was subsequently reinforced by spokespersons for both Cheney and Halliburton, who pointed out that Cheney's contract protects his benefits even if the company loses money.

The disclosure form paints a somewhat more nuanced picture. The Vanguard Group holdings are easily among Cheney's largest holdings. Assets are given in ranges (from $100,000 to $1M; from $1M to $5M; etc). Cheney's statement includes two holdings in the $500,000-$1M range; two holdings in the $1M-$5M range; and three holdings in the $5M-$25M range. Thus Cheney's assets invested with Vanguard Group total $18M to $87M. Given the size of Vanguard's stake in Halliburton, it is hard to imagine a mathematical possibility that Cheney's assets are unconnected to Halliburton's fortunes.

<snip>

#10: The Vanguard Group, with 7.6 million shares of Halliburton stock, worth about $176 million. Vanguard, also 10th largest mutual-fund shareholder in Halliburton, is a huge owner in ExxonMobil and ConocoPhillips. It moved onto this list recently when Dallas-based Maverick Capital, privately owned by the Wylie family, moved off. Vice President Cheney's disclosure statement (above) shows millions of his retirement money invested through Vanguard.


http://marc.perkel.com/archives/000067.html

[BringEmOn]

10. And that's just the profits on the books

Imagine the size of those slush funds in offshore banks

[Rex]

11. That is what an offshore, tax shelter is for!

See they get to play with the big money and the rest of us give it to them in the form of tax money! Don't you love corporatism?

[OneBlueSky]

12. how does it feel to know that your tax dollars . . .

made Halliburton stockholders and executives rich? . . . it disgusts me . . .

[buzzsaw_23]

13. kick