"We will fully investigate and hold people accountable for misleading not only shareholders, but employees as well." George W. Bush - June 26, 2002. Richard B. Cheney
Qwest Communications; Denver, Colorado (Oct-95)
Qwest Communications will continue to pay Mr. Cheney's deferred director's fees balance over a period of 5 years ending in Oct-04.
These director's fees were earned and deferred during the years in which Mr. Cheney served on the US West board of directors. Mr.Cheney resigned from the US West board of directors effective Oct-1-95.
Source:
Arthur Anderson letter to:
Federal Election Commission
Sept. 1,2000
To:
Jack McDonald esq.
Federal Election Commission
Office of the General Counsel
999 E. Street, N.W.
Washington D.C. 20463
Note: Ethics Act Report
Dear Mr. MacDonald,
Enclosed please find for filing the Financial Disclosure Report (SF 278) Richard B. Cheney.
Very truly yours,
ARTHUR ANDERSEN LLP
by William M. Jackson
JULY 05, 17:52 ET
Qwest Denies Federal Probe
By ROBERT WELLER
Associated Press Writer
DENVER (AP) — Qwest Communications International is hotly denying that it is under investigation by the Justice Department, a report that an analyst says is further evidence investors should steer clear of the telecommunications company.
``We have no reason to believe that we are the subject of any investigation by the U.S. Department of Justice,'' said Drake S. Tempest, Qwest executive vice president and general counsel.
``It's outrageous that we would learn about such an investigation through the media. We have disclosed everything asked of us and have cooperated fully with the Securities Exchange Commission and Congress,'' he said in a statement faxed to news media outlets.
Qwest spokesman Chris Hardman declined to answer questions about the report, including whether the company had contacted the Justice Department about the news reports. He said the company would have no comment beyond the statement from Tempest.
Jeff Dorschner, a spokesman for the U.S. attorney's office in Denver, declined to comment.
Analyst Drake Johnstone of Davenport & Co., said, ``It doesn't surprise me. I have had an issue for the past year about the behavior of Qwest management.''
Johnstone added, ``I think there is a potential risk of bankruptcy.''
He said top executives and shareholders of Qwest, including departed chief executive Joe Nacchio, had sold hundreds of millions of dollars of company stock while touting the company as the fastest-growing telecom.
``Qwest has this wide-range of issues with the Securities and Exchange Commission. We have seen what can happen with a wide-ranging investigation in the case of WorldCom,'' Johnstone said.
Analyst Vic Grover of Kaufman Bros. said he believes Qwest stock is undervalued and should be selling at $6 to $7 instead of the $1.82 it was selling at Friday when the market closed.
``I have been very negative on Qwest in the past, but lately we upgraded the stock to buy because I think the selling pressure has been overdone,'' he said.
In the past year, Qwest has faced a Securities and Exchange Commission inquiry into its accounting practices, a downgrade of its credit rating to junk status and a sinking stock price.
The main accounting issue is where Qwest overstated its revenue and profits through including in its income statements one-time revenue associated with capacity sales. Critics say the sales should have been recorded over a multi-year period.
Qwest is the local phone company for 14 states extending from Minnesota west to Washington and southwest to Arizona and New Mexico.
Shares of Qwest gained 12 cents, or 7 percent, to close at $1.82 Friday on the New York Stock Exchange.
Daschle Calls for Release of Bush 'Scandal' File; Blocked Clinton ProbeAnd more secret and mystical wisdom from George W. Bush:
"I respect Tom Daschle,"
George W. Bush - Source
Bush Tells Daschle:
"I came here to ask for one thing: I hope you never lie to me."
George W. Bush - Source
Bush lies about Harken.
Bush lies about CFR.
Bush lies about federally funding stem cell research from aborted fetuses.
Don't watch what I say: Bush promises to cut farm bill
Watch what I do: Bush Signs Largest Farm Bill In Hisory - An 80% Increase - Cost Average Taxpayer $4300 In Higher Taxes - The largest 10% Of Farms Get 75% Of The Farm Subsidies
AND THESE ARE REPUBLICANS - "Despite the fact that the Republicans control the White House, the House of Representatives, and 30 governorships, the nation is now in the midst of the biggest government spending spree since LBJ. Incredibly, the domestic social welfare budget has expanded more in just two years ($96 billion) under George W. Bush than in Bill Clinton's first six years in office ($51 billion)."
And on and on.....
Republicans won't even hold traitorous communist Democrats accountable. Think how ridiculous it would be to believe they would hold Republicans accountable. The pretend party.
Even Newt couldn't find any evidence. LOL!
"As far back as April 7, 1998, then-House Speaker Newt Gingrich was asked on NBC’s Today if he were going to press for impeachment. His response: "No, we don’t have any evidence."
Source.
"I don’t care if you have proof that he raped a woman, stood up and shot her dead, you’re still not going to get 67 votes."
Clinton Helped Shape 'Every Clause, Every Word and Every Comma' in deal With Robert Ray
Ray's office says: The deal spares the country the prospect of seeing Bill Clinton Put on trial
Oh, the torture of it all, seeing Communist Bill behind bars. Imagine keeping some shred of the rule of law. But, well, pardon me.
"A Bush administration insider has privately leaked word that a deal was struck between Democratic congressional leaders and the Bush White House not to prosecute Bill and/or Hillary Clinton on an array of charges related to the Pardongate scandal."