Cheney may still have Halliburton ties

[MTAtech]

http://money.cnn.com/2003/09/25/news...eney/index.htm

Congressional report finds Vice President still has financial interest in his old company.
September 25, 2003: 4:28 PM EDT

WASHINGTON (CNN) - A congressional report concludes that, under federal ethics standards, Vice President Dick Cheney still has a financial interest in Halliburton, the energy services company he used to run.

'On Sept. 14, Cheney said on the NBC News program "Meet the 'Press" that "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 interest. I have no financial interest in Halliburton of any kind and haven't had, now, for over three years." '

Add this one to the list of lies.

[shahani]

May?

[J-Excel]

His defered compensation shouldn't be a problem. It doesn't change and is insured. His stock options are a problem if he exercises them. If he does cash in his options he will profit from the company's increased stock price.

[osprey4]

Originally posted by MTAtech
Add this one to the list of lies.

You mean the list of lies MTAtech has posted on TechIMO?

[shahani]

No, the lies President Bush and his Administration keep telling.

[tony_j15]

More like the way the media twists it to look that way.

[J-Excel]

I kinda take back what I said about his stock options. They are currently worth a negative $7,737,832. I don't think he'll be profiting from them anytime soon, but he could use then as a capital loss for tax purposes I suppose.

This is a very weak financial link and likely an oversight by the V.P. No smoking gun here. Someone is really doing some heavy digging to try to come up with possible untruths. I wonder why?

[MTAtech]

So, the media 'twisted' the fact that Dick Cheney has stock options from Haliburton that he doesn't have? (Yes, and OJ is looking for the real killers too.)

Cheney either has them or he doesn't. If he doesn't have them, no amount of 'twisting' is going to falsely make it seem that he has them.

BTW, it's Congress that says he has them.

[MTAtech]

Stock options usually have an excercise price that is higher than the market price. This encourages management to get the stock price higher.

Should the administration give out more of these no-bid contracts to Haliburton in Iraq, who knows where the stock price will be in a year?

The conflict is obvious. Cheney has a monetary incentive to make Haliburton's stock price rise and he is in a position to award them contracts.

J-E, options can't be taken as a loss. Their only value relates to the underlying security. HAL is about at half of its 5 year high. So, he stands to make a bundle* if the stock goes up to just were it was a couple of yrs ago. Too, bad the expiration date of the options wasn't mentioned in the article.

* $5,595,879.38 if the stock hits $55

[shahani]

If it smells fishy, and tastes fishy, and looks fishy, its probably a duck.