From Reuters this morning (full text):
Vice President Dick Cheney, a former CEO of Halliburton Co., has received hundreds of thousands of dollars from the company since taking office while asserting he has no financial interest in the company, Senate Democrats said Tuesday.
On NBC’s “Meet the Press” Sunday, Cheney, who was Halliburton’s CEO from 1995 to 2000, said he had severed all ties with the Houston-based company. “I have no financial interest in Halliburton of any kind and haven’t had now for over three years,” he said.
Cathie Martin, a Cheney spokeswoman, confirmed that the vice president has been receiving the deferred compensation payments from Halliburton, but she disputed that his statements on “Meet the Press” had been misleading.
Cheney had already earned the salary that was now being paid, Martin said, adding that once he became a nominee for vice president, he purchased an insurance policy to guarantee that the deferred salary would be paid to him whether or not Halliburton survived as a company. “So he has no financial interest in the company,” she said.
Okay, I can see how with the insurance policy guaranteeing an income he can say he has no direct involvement with the company. But not that he has no financial interest of any kind.
And they wonder why we don’t believe them.