Cheney's Halliburton stock options rose 3,281% last year

[cynatnite]

An analysis released by a Democratic senator found that Vice President Dick Cheney's Halliburton stock options have risen 3,281 percent in the last year, RAW STORY can reveal.

Sen. Frank Lautenberg (D-NJ) asserts that Cheney's options -- worth $241,498 a year ago -- are now valued at more than $8 million. The former CEO of the oil and gas services juggernaut, Cheney has pledged to give proceeds to charity.



“Halliburton has already raked in more than $10 billion from the Bush-Cheney Administration for work in Iraq, and they were awarded some of the first Katrina contracts," Lautenberg said in a statement. "It is unseemly for the Vice President to continue to benefit from this company at the same time his Administration funnels billions of dollars to it. The Vice President should sever his financial ties to Halliburton once and for all.”

Cheney continues to hold 433,333 Halliburton stock options. The company has been criticized by auditors for its handling of a no-bid contact in Iraq. Auditors found the firm marked up meal prices for troops and inflated gas prices in a deal with a Kuwaiti supplier. The company built the American prison at Guantanamo Bay.

The Vice President has sought to stem criticism by signing an agreement to donate the after-tax profits from these stock options to charities of his choice, and his lawyer has said he will not take any tax deduction for the donations.

http://rawstory.com/news/2005/Cheneys_stock_options_rose_3281_last_1011.html

[Atman]

1. They're lying. He won't donate, or he'll take the deduction...

...or something. Maybe it'll be like Bush's AIDS pledge to Africa...once the ink on the headline fades, he'll hope everyone will forget about it. He didn't make this option deal and no-bid contract deals just to give it away.

Oh, maybe the "charity" will be the Lynn Cheney Foundation for Fat Balding Curmudgeons.

One thing is for certain...if these bastards said it, it's a lie of some sort. Why on earth would they use THIS as the place to start telling the truth?

[leveymg]

2. Base-a-ball has been ve-e-e-ry good fo' me.

Insert "human suffering" for the subject above.

[elehhhhna]

3. Hell have a bigass account at the prison commisary. FINE BY ME.

Hope he spends it on greasy snacks & bottled Frappucino.

[NVMojo]

4. Fuck this is sickening and fucking pisses me off, the PNAC fucker!

People died for his profit!!! Somebody better freaking figure it out!!!

[proud patriot]

5. Well isn't that special

:puke:

[ProdigalJunkMail]

6. no offense, but the stock has only doubled since a year ago

maybe a little more. The stock options may have gone up by that much, but so did mine...actually mine are worth infinitely more than they were last year since I had negative position in my options....not Halliburton but another company.

subjektProdigal

[Atman]

7. You can't say "no offense" when mentioning Cheney.

It's like saying "no shit" when talking about...uh...shit.

[ProdigalJunkMail]

15. ok ok ok

:-)

subjectProdigal

[Double T]

8. In your face White House corruption at its finest........

cheney truly believes everyone else is totally stupid and that he can get away with anything. So far our corrupt congress has let cheney's former company screw the hell out of the American people.

[ComerPerro]

9. What Charity? The GOP? Operation Blessing?

[w8liftinglady]

10. I emailed Cafferty and Olbermann

asking them to please validate and get it out into the news...

[unblock]

11. he'll donate to a charity of HIS choice

which in turn will hire him as a consultant for a like amount, no doubt.

this is thinly veiled embezzlement.

[Anywho6]

12. I guess there's no such thing as "conflict of interest"...for repukes

It's all disgusting. I loathe the people in this administration for what they are doing to this government and to this country on a daily basis. They are sick bastards and deserve to, at the very least, rot in prison.

[stubtoe]

13. Kick and recommended

[Nothing Without Hope]

14. "Charity begins at home" - his own pocket. But it's not just him, it's

all the profiteering cronies too.