“ex-CEO, Halliburton (currently assigned to US Vice Presidency)
As Secretary of Defense, he oversaw Gulf War I. As CEO, he earned Halliburton millions in Iraq. Then off to the White House with a $36 million thank you packet. Then he brings us Gulf War II. Does he have a system?”
A report attempts to prove that Cheney still has ties with Halliburton, a company he once ran before he became vice-president. Cheney increasingly denies this allegation as it would only support the idea that Halliburton receives some form of special treatment from the vice-president. One obvious benefit from Cheney’s connection would be the abundant available no-bid contracts. The company's KBR subsidiary is the main government contractor working to restore Iraq's oil industry in an open-ended contract that was awarded without competitive bidding.
He denies that he has retained ties, stating "I've severed all my ties with the company, gotten rid of all my financial interest. I have no financial interest in Halliburton of any kind and haven't had, now, for over three years." According to the report, Cheney still receives deferred compensation under an arrangement made in 1988 and stock options, which he claims will go to charity. “His deferred compensation account was valued at between $500,000 and $1 million, and generated income of $50,000 to $100,000.” In terms of the Office of Government Ethics, idle stock options and deferred compensation act as “retained ties or 'linkages' to one's former employer." When the tie between Cheney and Halliburton was made clear, Cheney’s representative, Cathie Martin argues that he does not have any conflicts of interests with Halliburton.
Sources:
http://www.ruckus.org/warprofiteers/cards/hearts/king.html
http://www.cbsnews.com/stories/2003/09/26/politics/main575356.shtml
1 comment:
What the fuck! Aren't you going to make the blog how dick cheney shot the bunny?
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