War is such a profitable endeavor we should do it more often.
Cheney’s Halliburton Options Up 3,281% Last Year
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.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.
The above graph released by Sen. Frank Lautenberg (D-NJ) charts the value of the Vice President’s holdings in Halliburton in the past year.
“ 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.”
The war didn’t start this year. What would make Halliburton’s stock jump 32 fold now? More likely some of the stock options vested at this time.
Mean what? Spit it out. He is giving all his gains to charity. It is right in the article. Are you telling me he started a war to support charity?
If he left Halliburton in 2003, and severed his ties as the story says, then it looks to me like the words “deferred salary” are PC-speak for “bribes and kickbacks”. I thought that was illegal. Must not be, because it’s so $#@%ing blatant.
Yeah, Cheney is giving all his profits to charity.
HIS MAIN CHARITY IS HIS OWN POCKET!!!
Can’t we lock this bastard up and throw away the key, along with the rest of Bushco, Inc.?
Halliburton is a freaking oilfield service company. I don’t suppose that you considered that the world demand for fossil fuel might have anything to do with their stock price?
Using your logic, you should point out that Halliburton is doing better since Cheney left its leadership. To imply that he is in a better position now to influence the stock price means that you need to put on your aluminium foil hat.
Summary – John, that’s a decent job of trolling, but a little transparent. As I have said before, I wish you’d stick to writing about technology rather than politics. You aren’t nearly as well informed.
#6 – Dave,
$2G (gigabucks) in no bid contracts doesn’t show that he actually is in a better position to help Haliburton now than as its CEO. Sure it doesn’t. Foil hats for everyone.
War profiteering, waterboarding, ignoring global warming and history revisioning are a “no brainer” for the corrupt Bush administration.
The Devil’s Chemists – 24 Conspirators of the International Farben Cartel Who Manufacture Wars
by Josiah E. DuBois, http://www.spitfirelist.com/Books/under_cover1b.pdf
http://www.spitfirelist.com/Books/dubois02a.pdf
I’m sure he WILL give this money to charity. But if you followed the Boeing/DoD stories and similar for the last few decades, you’d understand how this “dance” works. Cheney will get a nice board of directors (or similar) position with Hailliburton or one of their affiliates when he leaves office. Now you couldn’t PROVE in court that this was a give & take for the billions of tax payer dollars given to Halliburton without any competition.
This is standard operating procedure for D.C. Private company employees move over to the government, and work in departments that DIRECTLY relate to their previous jobs (energy, agriculture, Defense)…then work these ‘low paying’ jobs, help their previous employers get contracts, avoid regulations, etc. Then when their government jobs are up, they go back and magically find new employment with there old boss.
This SHOULD be illegal. And it is ONLY if you can find an actual paper trail or hand written letter from a CEO saying “go work for Justice and make sure this issue never comes up.” You rarely if ever find that. These are always ‘verbal’ good-ol-boy agreements. Nothing new (sadly).
Someonw explain to me how his Halliburton shares increased 32 times this year.
#12, MentalMidgetMikeN
Read #7 for a quick explanation.
They are profiting from WAR and gov. Money…WHICH I THINK, is illegal…
foil hats, and radiation suits, ALL AROUND..
time to start coving WALLS again, and digging PITS for fallout shelters.
#12 – MikeN,
It said options. I’m not sure if the value of the options increases in linear fashion with the underlying stock.
#12 – MikeN,
Correction. The options most definitely do not increase linearly with the stock price.
http://tinyurl.com/2tyfka
What’s wrong with making money? Do you really think they started a war to increase the share price? I’d still like to know the real reason we are over there.
These guys have more money than they know what to do with…
Questions: Do you feel the federal deficit is a fiscal stimulus or not?
Or, does war spending act as a fiscal stimulus or not?
Or, is war good for business or not?
what a dick
If Lautenberg, Pelosi and the rest of the Democrats spent HALF as much energy as this on creating solutions to what ails the nation, they’d be kicking elephant butt.
Instead, they whine, rant, rave, and wonder why they’re slipping around in pachyderm shit.
I’ve never been so ashamed of being a registered Democrat.
Dick Cheney is a personal hero of mine, mostly because he makes the moonbats howl.
#19 – lperdue,
Sorry, I didn’t see anything about Lautenberg or Pelosi mentioned in the article. Congratulations on your honorary membership into the American Nonsequitur Society (we don’t make sense, but we love pizza).
Cheney really doesn’t care about the money his problem is living up to his self imposed image as “the meanest son of a bitch in the valley”. What we should really be concerned with is the mental health of those poor unfortunate toadies that feel they have to agree with him just to keep their jobs
A little education for the idiots here.
a) Oil prices are totally speculative and have nothing to do with supply, only with investors views and OPEC’s idea of what the market would bear.
b) War always increases oil prices, not because of actual loss of supply, but because of investors nervous that “oil could possibly be in short supply” as a result of war.
c) Cheney knows this, and the wars keep comin’.
Yes, yes. Cheney’s position with Halliburton and the current ongoing flow of unimaginable sums of taxpayer money into Halliburton, and out again, into the pockets of the shareholders is merely a coïncidence.
And since Uncle Dick is “prevented” from profiting off of Haliburton’s taxpayer-sourced cash flow excess, then obviously his family, cronies and associates cannot profit from it either. Right? 😉