Accusation in question at Judicial Watch Web Site.
The value of the companys shares have dropped like a stone and many investors have been seriously hurt. Retirements and pensions have been wiped-out. But, Mr. Cheney cashed-out his stock options for $35 million dollars.
Is Klayman that out of touch? Or is he a ruthless, heartless shark who doesn't mind destroying the reputation of a good person? Or [which seems very unlikely at this point], does he honestly have good reason to believe that Cheney wasn't pressured by the media to sell his stocks?
People here know more about this than I do, but from what it looks like to me, it's a bogus lawsuit and he will continue to post those press releases and, no doubt, include that very wording in his requests for donations.
My question is, when the SEC finds that what Halliburton and Cheney did was NOT illegal, which they certainly will, will Klayman drop his suit, or will he say, as he has already laid the groundwork for, that "the powers in Washington help their own," and he will "fight on for the truth if you'll just send me some money?"
"Common Cause Calls On Dick Cheney To Pledge To Divest Completely In Halliburton If Elected Vice President
Divestiture Only Way To Avoid Conflict Of Interest Says Common Cause
Thursday, August 31, 2000
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In a letter today to Vice Presidential nominee Richard Cheney, Common Cause called on the candidate to pledge to divest himself of his stock and stock options in Halliburton Company prior to taking office, should he be elected. In order to avoid conflicts of interest, Cheney should also renounce any future interest in Halliburton he could not so divest, and place the proceeds from any sale of his interests in a blind trust, according to Common Cause.
link to Common Cause article here
Opting Out
By Jonathan D. Salant
The Associated Press
W A S H I N G T O N, Sept. 1 Republican vice-presidential nominee Dick Cheney said today he was fully prepared to forfeit oil-company stock options that he would otherwise continue to hold after taking office if he and George W. Bush win in November.
Cheney made the statement as he prepared to release his financial disclosure forms and 10 years of income tax returns.
In order to avoid even the appearance of a conflict of interest, I am fully prepared to forfeit any options that have not vested by the time I assume office, said Cheney, who recently stepped down as the head of Dallas-based Halliburton Co., the worlds largest oil services company.
Cheney, who was chairman and chief executive of the company, left with more than $13.6 million worth of stock and options, some of which could not be sold yet. Options allow someone to buy a companys stock at a preset price.