President's Uncle Profits From Military Contractor's Stock Sale

[BeatleBoot]

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[Blaq Dem]

1. Bush's uncle profits from Iraq, (AP)

Bush's uncle profits from sale of military contractor's stock

WASHINGTON (AP) — President Bush's uncle made more than $450,000 last month by selling stock in a defense contractor whose profits are growing because of the Iraq war, records show.

William H.T. Bush made the money by exercising stock options in St. Louis-based Engineered Support Systems, Inc. Bush is a member of ESSI's board of directors and therefore had to report the sale to the Securities and Exchange Commission.

<snip>

Bush cashed in stock options on Jan. 20, weeks before the company's latest earnings report. SEC documents show he sold 8,438 shares of ESSI stock at a profit of $53.36 a share. That's a total profit of $450,251.68.

<snip>

The Pentagon's inspector general is investigating whether an ESSI subsidiary improperly got a contract to make equipment from the Air Force. That contract was overseen by Darleen Druyun, a former Air Force contracting official serving a nine-month prison term for contract fraud involving Boeing.

Source Link: http://www.usatoday.com/news/world/iraq/2005-02-23-bush-uncle_x.htm

[drummer55]

2. imagine my shock. n/t

[Cocoa]

3. Uncle Bucky n/t

[Emboldened Chimp]

4. This gang of thieves and killers profiting off war and death and..

famine and disease and God knows what else doesn't surprise me in the least. Of course these brutal little bastards are making money. They are scum.

[CountAllVotes]

5. Hey Uncle Bucky! Hey!

I need some bucks Bucky boy!

:kick:

[Name removed]

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