1. Cheney profits from War

    brian on 2003.04.05
    at 09:23 pm

    If you're not familiar with the US Vice President's business affairs, you should really read this short primer on Mr. Cheney's business dealings just within the past 20 years or so, from Citizen Works. It includes gems like...

    "Cheney, who served as [Haliburton] CEO from 1995 to 2000, continues to receive as much as $1 million a year in deferred compensation as Halliburton executives enjoy a seat at the table during Administration discussions over how to handle post-war oil production in Iraq."

    "A few weeks ago, the U.S. Army Corp of Engineers awarded a no-bid contract to extinguish oil well fires in Iraq to Kellogg Brown and Root (KBR), a subsidiary of Halliburton. The contract was granted under a January Bush administration waiver that, according to the Washington Post, allowed "government agencies to handpick companies for Iraqi reconstruction projects.""

    "Halliburton held stakes in two firms that signed contracts to sell more than $73 million in oil production equipment and spare parts to Iraq while Cheney was chairman and chief executive officer."

    Halliburton subsidiaries have also done business with Azerbaijan, Burma, Indonesia, Iran, Libya and Nigeria, despite various US regulations which prohibit dealings with some of these countries.

    Posted in: Politics · Service Announcement


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