Thursday, October 13, 2005

Cheney’s Stock Options Have Soared.

Raw Story is reporting that within the last year, Vice President Dick Cheney’s Halliburton stock options has risen 3,281%.

The analysis was done by Senator Frank Lunenburg (D-NJ), whose stock options were worth $241,498 a year ago, but is now valued at more than $8 million.

The oil and gas services company has already won more than $10 billion dollars in no-bid contracts for work in Iraq under the Bush administration, and has been given new contracts to rebuild in the wake of Hurricane Katrina along the Gulf Coast.

In addition to Cheney’s stock options, he continues to receive a salary from Halliburton. From 2001 to 2004, Cheney was paid $740,979 by the company.

On “Meet the Press” in 2003, Cheney said that “I have no financial interest in Halliburton of any kind and haven't had, now, for over three years.”


Blogger MiamiMiami said...

I guess if you were being completely open and truthful you would have also included that they do more than just oil and gas services but again that was only IF you were being completely truthful.

8:07 AM  

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