Rush limbo
The proposal could curtail future controversies over a lack of competition, an issue that has enveloped Vice President Dick Cheney's former company. Two senators proposed Friday that an $87 billion spending bill for Iraq should require competition in most cases for lucrative reconstruction work. That is a clear financial benefit to Cheney who retains ownership while pledging the after tax dividend proceeds to charity.
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1125 legislation passes ending Halliburton's asbestos problem there is every reason to believe that the stock will rebound to at least pre-asbestos claim value nearly doubling the value of Cheney's stock options. The asbestos claim problem caused the stock to plummet to a low of $8.50. He has pledged to give after-tax proceeds of the stock options to charityPrior to the asbestos claim problem Halliburton stock had a value of $45.00.
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I have no financial interest in Halliburton of any kind and haven't had, now, for over three years.''ĭemocrats pointed out that Cheney receives deferred compensation from Halliburton under an arrangement he made in 1998, and also retains stock options. S.1125 LEGISLATION WILL BENEFIT CHENEY PERSONALLYĬheney said Sunday on NBC's ``Meet the Press'' that since becoming vice president, ``I've severed all my ties with the company, gotten rid of all my financial interest.