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Friday, October 24, 2003
"No financial ties"?
I'm not terribly bothered by the fact that Dick Cheney is receiving significant "deferred compensation" from his position as Chief Pimp at Halliburton. The explanation that he's taken an insurance policy to ensure that he gets his regardless of what happens to Halliburton is OK with me. The issue of the 400,000+ stock options that are currently in a charitable trust but will eventually revert to him, on the other hand, stinks. But here's one with even a stronger aroma: Cheney owns, according to his financial disclosure statements, somewhere between $18M and $78M worth of the Vanguard Group. The Vanguard Group owns 7,600,000 shares of Halliburton, worth about $176,000,000, which is enough to make them the 10th largest shareholder.
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