Dick Cheney's former company, Halliburton, was awarded a no-bid contract worth over $7 billion to help rebuild Iraq. The process for awarding this rare and lucrative contract was coordinated by Dick Cheney's own office in the White House. [Time, 5/30/04] Dick Cheney still receives deferred compensation from Halliburton, showing a lingering financial interest in the company. [Washington Post, 9/26/03; Richard B. Cheney Personal Financial Disclosure, May 15, 2002]
Despite the Cheney favoritism, Halliburton has shown little regard for American taxpayers -- from overcharging the military for gas to not delivering meals to troops. Halliburton is a symptom of a wider problem: a House committee found that at least $1 billion has been wasted in Iraq because of a lack of planning and poor oversight. Vice President Dick Cheney was Halliburton's CEO from 1995-2000. In addition to providing him with a massive salary and bonus for just eight months of work in 2000, Halliburton's board of directors voted to give Cheney a $20 million retirement package when he resigned. Following his departure from Halliburton, Cheney retained possession of 433,333 options of Halliburton stock. [Washington Post, 9/26/03; Richard B. Cheney Personal Financial Disclosure, May 15, 2002; May 15, 2003; New York Times, 8/12/00; LA Times, 7/24/00; AP, 7/18/02]
For months, Cheney denied any involvement in Halliburton contracts. On "Meet the Press," he even said "...I have absolutely no influence of, involvement of, knowledge of in any way, shape or form of contracts..." [NBC News, "Meet the Press", 9/14/03]
Time Magazine recently reported on a smoking gun email between the Department of Defense and the Vice President's office showing that Cheney's office "coordinated" a multi-billion dollar, no-bid government contract for Halliburton, his former employer. [Time, 5/30/04]
As an example of overspending, Halliburton billed the government for 36 percent more meals than were served. In all, Halliburton charged $186 million for meals that were never delivered. [Detroit Free Press, 6/16/04]
A Halliburton subsidiary was criticized for abandoning numerous $85,000 trucks with flat tires, housing company officials in a five-star Kuwaiti hotel, raising prices for gasoline deliveries in Iraq and ordering empty trucks to crisscross the country to run up the gas bills. [Detroit Free Press, 6/16/04]
Despite the Cheney favoritism, Halliburton has shown little regard for American taxpayers -- from overcharging the military for gas to not delivering meals to troops. Halliburton is a symptom of a wider problem: a House committee found that at least $1 billion has been wasted in Iraq because of a lack of planning and poor oversight. Vice President Dick Cheney was Halliburton's CEO from 1995-2000. In addition to providing him with a massive salary and bonus for just eight months of work in 2000, Halliburton's board of directors voted to give Cheney a $20 million retirement package when he resigned. Following his departure from Halliburton, Cheney retained possession of 433,333 options of Halliburton stock. [Washington Post, 9/26/03; Richard B. Cheney Personal Financial Disclosure, May 15, 2002; May 15, 2003; New York Times, 8/12/00; LA Times, 7/24/00; AP, 7/18/02]
For months, Cheney denied any involvement in Halliburton contracts. On "Meet the Press," he even said "...I have absolutely no influence of, involvement of, knowledge of in any way, shape or form of contracts..." [NBC News, "Meet the Press", 9/14/03]
Time Magazine recently reported on a smoking gun email between the Department of Defense and the Vice President's office showing that Cheney's office "coordinated" a multi-billion dollar, no-bid government contract for Halliburton, his former employer. [Time, 5/30/04]
As an example of overspending, Halliburton billed the government for 36 percent more meals than were served. In all, Halliburton charged $186 million for meals that were never delivered. [Detroit Free Press, 6/16/04]
A Halliburton subsidiary was criticized for abandoning numerous $85,000 trucks with flat tires, housing company officials in a five-star Kuwaiti hotel, raising prices for gasoline deliveries in Iraq and ordering empty trucks to crisscross the country to run up the gas bills. [Detroit Free Press, 6/16/04]
