<a href='http://story.news.yahoo.com/news?tmpl=story&u=/nm/bush_cheney_taxes_dc' target='_blank'>Tricky Dick dips his wick in our tax pot</a>

joebordenrebel Wrote:<a href='http://story.news.yahoo.com/news?tmpl=story&u=/nm/bush_cheney_taxes_dc' target='_blank'>Tricky Dick dips his wick in our tax pot</a>

Did you even read the article? I doubt it! :stupid:

It was deferred pay....

Quote:In addition, his tax return reported the payment of $178,437 in deferred compensation from Halliburton Co.


The deferred pay is based on a 1998 agreement in which Cheney elected to defer compensation earned in 1999 for his services as chief executive officer of Halliburton.


This amount is to be paid in annual installments, with interest, over the five years after Cheney's retirement from Halliburton.

:roflol: :roflol:

How is that "dipping his wick in our tax pot"?

Hello....Anyone, Anyone, Bueller.....

Can someone drop some knowledge on me as to how there is anything fishy going on with this situation? I would really like to know!

JBR, you posted it, and you evidently have a problem with it. Please explain it to me.

He's proven, repetitively, that he is incapable of intelligent discourse on taxes, politics, meat-eating, skunk-pissing, and every single other topic upon which he opines.

He exists here to compensate for the many, many otherwise non-compensable realities of his existence.

In other words, he's the skunk everyone else pisses on; not vice-versa.

There's clearly a conflict of interest at stake here, gentlemen. The company he still gets paid by winds up becoming the official rebuilder of a country we didn't have to invade in the first place? Hmmmmm. Sounds kinda fishy to me.

But, hey, I'm a simpleton. Don't take me word for it!

Just manifesting my inferiority complex. Don't mind me.

signed,

Sir King Message Board

joebordenrebel Wrote:There's clearly a conflict of interest at stake here, gentlemen. The company he still gets paid by winds up becoming the official rebuilder of a country we didn't have to invade in the first place? Hmmmmm. Sounds kinda fishy to me.

But, hey, I'm a simpleton. Don't take me word for it!

Just manifesting my inferiority complex. Don't mind me.

signed,

Sir King Message Board

somebody hit the player, that record has a skip in it!

The compensation package was agreed to back in 1998, well before he became VP. Well, maybe he had ESPN and new the future?

It is my understanding that Haliburton is the only company that has the capabilities to handle a job like what is going on in Iraq. If they are the only company capable, it doesn't matter who is in office.

It is also my understanding that you JBR are an English teacher (at least I think this is true), and you don't understand how business really works. Well, these kinds of compensation packages are pretty common, and there is no way that it can be construed as anything other than normal compensation.

Now, something more up your alley...how is my grammar?

:chair:

Let me help you out.

JBR, it is now your turn in this "debate".

You have 3 options....

1. You can refute what I posted.


2. You can conceded to my much greater knowledge and understanding of this subject . (Ignoring counts as conceding)


3. You can resort to name calling and subject changing.


By default, we will go with option #2 until......

Quote:The compensation package was agreed to back in 1998, well before he became VP.&nbsp; Well, maybe he had ESPN and new the future?&nbsp;

It is my understanding that Haliburton is the only company that has the capabilities to handle a job like what is going on in Iraq.&nbsp; If they are the only company capable, it doesn't matter who is in office.

Hey, GB, give me a break, willya? Sometimes I have to teach class!

Anyway, I'll answer your point directly. Don't get your panties in a bunch. . .

ON "MEET THE PRESS" last Sunday, Vice President Dick Cheney said, "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 interests. I have no financial interest in Halliburton of any kind and haven't had now, for over three years."

<a href='http://www.warprofiteers.com/article.php?id=8689' target='_blank'>But that's not entirely true, is it, Dick?</a>
------------------

What? You didn't read the memo?

In addition, Tricky Dick is currently holding about 10 million in Halliburton stock:

<a href='http://www.warprofiteers.com/article.php?list=type&type=15' target='_blank'>So, anyway, you were saying? What were those three options again?</a>

joebordenrebel Wrote:ON "MEET THE PRESS" last Sunday, Vice President Dick Cheney said, "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 interests. I have no financial interest in Halliburton of any kind and haven't had now, for over three years."

<a href='http://www.warprofiteers.com/article.php?id=8689' target='_blank'>But that's not entirely true, is it, Dick?</a>
------------------

What? You didn't read the memo?

In addition, Tricky Dick is currently holding about 10 million in Halliburton stock:

<a href='http://www.warprofiteers.com/article.php?list=type&type=15' target='_blank'>So, anyway, you were saying? What were those three options again?</a>

Nice try!

Let's look at this "10 million in Halliburton stock" that you claim he is holding!

Here is a direct quote from your link...

Quote:He owns $433,000 unexercised Halliburton stock options worth more than $10 million dollars.

That is not stock that he is holding, but unexercised stock options.


Definition time courtesy of Merriam-Webster Online Dictionary

Unexercised

Pronunciation: "&n-'ek-s&r-"sIzd
Function: adjective
1 : having terms that are not implemented <unexercised options>
2 : not subjected to exercise <unexercised muscles>


Stock Options

Function: noun
1 : an option contract involving stock
2 : a right granted by a corporation to officers or employees as a form of compensation that allows purchase of corporate stock at a fixed price at a specified time with reimbursement derived from the difference between purchase and market prices

So (to use a valley girl term) Cheney has options to purchase stock in the future at a pre-determined price that are currently not implemented. Once again, this is normal compensation for executives and such. The question is, will he ever exercise the options, or will he let them expire (and they do expire at some point in the future).


Sorry JBR, but you are striking out big time on this thread!

So (valley girl term again) how is my grammar?

Even if they are unexercised, he still holds them. They are still wealth. They are certainly "financial interests in Halliburton."

By definition, then, he would want Halliburton's stock to go up in order to exercise his options in the future.

Like, duh!

Conflict of interest. Not to mention the deferred compensation--though legal--still constitutes "financial interests in Halliburton."

Thus, his claim that he has severed all ties with Halliburton is a, uh, what do you Cons call a lie these days? Bad intelligence?

Fer sure, dude!

As for grammar, I'm more a holistic essay writing kind of guy (in the pattern of Peter Elbow). Grammar has its place, to be sure, but until you're enrolled in a class of mine I will let your own personal editor proofread your posts. Thanks, though, for the offer.

joebordenrebel Wrote:Even if they are unexercised, he still holds them. They are still wealth. They are certainly "financial interests in Halliburton."

By definition, then, he would want Halliburton's stock to go up in order to exercise his options in the future.

Like, duh!

Conflict of interest. Not to mention the deferred compensation--though legal--still constitutes "financial interests in Halliburton."

Thus, his claim that he has severed all ties with Halliburton is a, uh, what do you Cons call a lie these days? Bad intelligence?

Fer sure, dude!

As for grammar, I'm more a holistic essay writing kind of guy (in the pattern of Peter Elbow). Grammar has its place, to be sure, but until you're enrolled in a class of mine I will let your own personal editor proofread your posts. Thanks, though, for the offer.

Let's break it down to your level.

************************************
Let's say this guy named JBR was working for Community College Corp (CCC). Heck, lets even say that this JBR is the Grand Poobah (CEO). This JBR's comp package includes yearly pay of $x, yearly stock options of y each year (exercisable on z date), and deferred income of $g to be paid yearly for the 5 years after JBR's employment at will terminates with CCC.


For some reason, John F Kerry decides that he can't win this election without the great junior anarchist JBR to be his veep. JBR quickly quits his position with CCC to take on this endeavor with JFKerry. Now here is the dilemna.

Should JBR just forget the $g that he is owed and y that he has already been given? I think not.

************************************
Now back to reality....

Does Cheney have an interest in Haliburton? Yes, I admit the Stock options give him a financial interest in the well-being of the company, if he plans to exercise the options.

I wonder if we could find out whether or not he has exercised any while he was VP, or if he has been letting them expire?

Now to part two of my original point...It is my understanding that Haliburton is the only company that has the capabilities to handle a job like what is going on in Iraq. If they are the only company capable, it doesn't matter who is in office.

What about that?

You know, in order to be effective in condescension, one must actually possess the superior intellect.

For a man who looks up words like "dichotomy," I don't really think you have a strong case for looking down your nose at anyone. Sorry. I mean, you're kinda funny sometimes, but you ain't the sharpest tool in the crayon box.

Anyway, thanks for your analogy. I'd prefer, however, to simply stick with the facts at hand. I'm a simple-minded sort, so please indulge me.

Since Cheney has a direct financial interest in the well-being of his unexercised stock options, it still reinforces the conflict of interest point that I made initially.

If he wanted to shed ALL financial interests, he would exercise those options before making decisions about the future of our country's policy and the future of Halliburton.

Then it logically follows, given that those options could one day be materialized into liquid assets, that he deliberately lied about his ties with Halliburton.

In addition, I'm not really sure if H. is the only company out there who could handle the job, nor is it germane to the parameters of this debate. This thread is about the fact that Cheney said he didn't have a financial interest in a company when in fact he did.

If you prefer to see reality in your way, then please feel free. I respectfully disagree.

Quote:You know, in order to be effective in condescension, one must actually possess the superior intellect.

For a man who looks up words like "dichotomy," I don't really think you have a strong case for looking down your nose at anyone. Sorry. I mean, you're kinda funny sometimes, but you ain't the sharpest tool in the crayon box.

The definitions were for your benefit, not mine. After all, you are a self professing simpleton.

Quote:Anyway, thanks for your analogy. I'd prefer, however, to simply stick with the facts at hand. I'm a simple-minded sort, so please indulge me.

Your welcome, but please, stop complaining about your intellect. It is unbecoming!

Quote:............................................If he wanted to shed ALL financial interests, he would exercise those options before making decisions about the future of our country's policy and the future of Halliburton.............................

You can't exercise the options before they are exercisable! Fundamentals, Joe, Fundamentals!

Quote:In addition, I'm not really sure if H. is the only company out there who could handle the job, nor is it germane to the parameters of this debate. This thread is about the fact that Cheney said he didn't have a financial interest in a company when in fact he did.

But it is Joe, it is! If there is no other company in the whole world, that could handle the job, there is no body else out there. It doesn't matter if they gave to "W", Cheney, Billary, Soros, or Al Franken, they are still the only company that could do the job!

Quote:If you prefer to see reality in your way, then please feel free. I respectfully disagree.

OK, you can respectfully disagree with reality, Joe.