Cheney says will donate any stock option profits to charity (Halliburton),

[karlschneider]

if that is true (yeah, I know :eyes:), why doesn't he just go ahead and
make the transaction now so those "charities" can benefit? Since he isn't going to make any profit no matter when (yeah, I know :eyes:) it
takes place, why make them wait?
(yeah, I know :eyes:)
:grr:

[janekat]

1. He already claimed the same thing back in 2000 - guess we have

to double-check behind him.

[patdem]

2. You mean instead of the losses if not for Iraq???

For him to break even is an enormous gain for Halliburton from 2000 to 2003...so what is PROFIT????

[KFC]

3. I don't think he can exercise them until 2008 or so

Of course the options could be worthless (underwater) by then.

[karlschneider]

5. I had not heard that, do you have some cite for the 2008 figure?

thanks

[KFC]

16. Here

http://www.cnn.com/2000/ALLPOLITICS/stories/09/12/campaign.cheney.halliburton.reut/

The 2008 date was off the top of my head, I think I read it on another thread here.

[jenm]

9. there 18.5 million shares under option

at 12/31/02, with a weighted average exercise price of $32.10. Of this,
12.5 million were exercisable (vested) with a weighted avg price of $34.98 per share. Vesting under the various plans is 3-10 years.

[Cat Atomic]

4. Sure, Dick. That sounds alot like the statement he made about

Halliburton's contract in Iraq, way back in May or so. He said people were overstating the situation, since Halliburton's contract was only for 200k-500k... or something like that. Seemed like a nominal amount.

THEN it came out that there would additional no-bid contracts, and that the contract he'd referenced wasn't even capped at the amount he'd stated. Now we've handed them- what? Over a billion now, correct?

[karlschneider]

12. I think it's a few billion, but I just now found this interesting tidbit:

http://www.newsmax.com/archives/articles/2001/6/24/80648.shtml

Halliburton was doing biz with Iraq while Cheney was running it.
hmmmmmm

[gratuitous]

18. It's okay, because in 1998, Saddam wasn't a bad, bad man

See, Saddam was bad (very bad) when he was gassing his own people. But he was okey-dokey when he was buying arms from Rumsfeld. He was back to being bad when his troops were dumping preemies from incubators (whether that happened or not, and it didn't, it was very, very bad). But Saddam was Amurka's bestest buddy when he was turning millions of dollars over to Halliburton and its subsidiaries.

But he was back to being bad in September 2002, and he's still bad now.

[lysergik]

6. Awww, Dick has a heart.

and the American public is stupid.. ya right! Nice try Dick, you're under fire and you think the easiest way to slither away by saying you'll donate your share of Halliburton to charity. Dump the shares Dick, be a man and dump the shares!

[denverbill]

7. Yeah, right. That fucking cheapskate?

His tax return for 1999 was reprehensible. He doesn't give shit to charity.

[htuttle]

8. Sure DICK. But what about the Deferred Compensation?

You know, that 'distributed severence' that pays you a couple million a year for the next 5-10 years?

How about donating that one to charity?

Greedy, lying sack of sh*t...

[gratuitous]

10. Hanh?

Hold on a second! Didn't Crash Cart say that he had no financial interest in Halliburton a couple of weeks ago while Timmy was giving him a full-hour "interview" (with release) on Meet the Press??? How can he donate any "profits" from a company in which he has no financial interest?

We had an independent prosecutor appointed to investigate the Clintons' loss of $40,000 in a land speculation deal 12 years before Bill took office. What more need is there for a prosecutor to investigate the current earnings and entitlements of the vice president whose administration is awarding no-bid contracts to a firm that he's supposed to be divested from?

Is that day-old carp I smell?

[absolutezero]

11. you mean this dick cheney?

eirie ain't it? got it from yahoo news.

[Tom Yossarian Joad]

13. And get a hefty tax deduction.

Bill O'Reilly Out on the town.

[rucky]

14. It's An Empty Promise....Check This Out:

http://releases.usnewswire.com/GetRelease.asp?id=152-10142003

(snip)
The vice president also holds 433,333 in unexercised Halliburton stock options. He has the option to buy 100,000 shares at $54.50 by the end of 2007, 33,333 shares at $28.13 by the end of 2007, and 100,000 shares at $39.50 by the end of 2009, data compiled by Lautenberg shows.

Halliburton stock closed on the Big Board yesterday at $24.38 a share.

For Cheney to cash in on his options, Halliburton's stock would have to climb to above those strike prices.

During an appearance on NBC's "Meet the Press" last month, Cheney emphatically denied that he had any financial interest in Halliburton.

"Since I left Halliburton to become George Bush' vice president, I've severed all my ties with the company, gotten rid of all my financial interest."

He argues that he plans to donate his stock options to charity if they become valuable. He has also taken out an insurance policy that guarantees that he will receive his deferred compensation even if the company goes out of business.

However, a Congressional Research Service (CRS) report requested by Senate Democrats contradicted the vice president.

CRS concluded that unexercised stock option in a private corporation, as well as deferred salary received from a private corporation were "retained ties" or "linkages" to a former employer and should be reported as "financial interests."

[karlschneider]

15. Okay, I thought he had them locked at 2000 levels...got it.

So now he has every incentive for it to go way up, it would seem.

[burythehatchet]

17. Yes that's right

he will be donating it to The Human Fund (Seinfeld classic)