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Old 04-14-2007, 01:38 PM   #41 (permalink)
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I agree he should be paid the defferred options. I never said this was wrong or illegal.
This has nothing to do with the conflict of interest provided by the award of a no bid contract. I would have no problem with this if they were the only ones qualified. They are not.(see my previous post concerning Sodexho, in this thread) This is the reason Halliburton stock sky rocketed. They have been given all the Military contracts FROM NOW ON. This is wrong, not a legal move and a conflict of interest as long as those stocks are in his name. Now, please tell me why those stocks are not in the 'special account', already.
Please just get it over with and address the real issue.
Also by the way, we both know if your husband has a defferred payment plan from his former employer then he also has a 401k. You do have a protfolio, you just don't do the trading.
It is more than that. Look up 1) John Majors. 2) The Iron Triangle. 3) The Carlyle Group.
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Old 04-15-2007, 06:20 AM   #42 (permalink)
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Sorry, dear, we don't have a deferred comp plan, he used to prepare them for other highly compensated executives. I WISH we had one. And many of those did not involve 401K at all...Cheney's don't need these anyway, as they already are worth millions. I don't have a 401K and I have nothing to trade.

My understanding from what I read was that the contracts Halliburton now has in Iraq were bid contracts. The no-bid contracts have already expired.
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Old 04-15-2007, 07:57 AM   #43 (permalink)
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Sorry, dear, we don't have a deferred comp plan, he used to prepare them for other highly compensated executives. I WISH we had one. And many of those did not involve 401K at all...Cheney's don't need these anyway, as they already are worth millions. I don't have a 401K and I have nothing to trade.
My mistake. I guess I stand corrected. I thought you said earlier your husband had a defferred plan.

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My understanding from what I read was that the contracts Halliburton now has in Iraq were bid contracts. The no-bid contracts have already expired.
Really, do you have a link? I would love to check it out. If that is the case I will admit I was wrong on this too. I just would like a reliable link. Have a nice day.
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Old 04-15-2007, 07:21 PM   #44 (permalink)
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My mistake. I guess I stand corrected. I thought you said earlier your husband had a defferred plan.

Really, do you have a link? I would love to check it out. If that is the case I will admit I was wrong on this too. I just would like a reliable link. Have a nice day.
I'm assuming you mean a link about the Halliburton contracts?

Halliburton Wins in Iraq with $9.6 Billion and More

If you read down this document, you will find lots about Halliburton contracts and KBR, the subsidiary who bills for the work.

One part in particular I'm quoting here:

"The LOGCAP arrangement began in 1992, with KBR's predecessor Brown & Root the first winner. It held the contract until 1997 when the General Accounting Office discovered Brown & Root had overcharged the Army for its work on the war and peacekeeping mission in Bosnia. DynCorp won the contract in 1997, but KBR won it back in December 2001 and will hold it for 10 years, according to the contract terms. ((This means there was bidding.)

KBR has a separate contract originally worth up to $7 billion to restore Iraq's oil infrastructure, awarded on the brink of the war in March 2003. That contract was later divided and opened for competition; KBR won a contract for the restoration of the southern oil fields only for a maximum value of $1.2 billion." (This also means the contract was bid on by others.)


These are the contracts that are so lucrative for Halliburton. The contractors bidding against Halliburton, of course, are some of the loudest voices complaining and criticizing Halliburton and claiming they get favoritism because of Cheney. It's in their best interest to make Halliburton look bad.
regards, vharlow

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Old 04-16-2007, 07:00 AM   #45 (permalink)
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Originally Posted by vharlow View Post
I'm assuming you mean a link about the Halliburton contracts?

Halliburton Wins in Iraq with $9.6 Billion and More

If you read down this document, you will find lots about Halliburton contracts and KBR, the subsidiary who bills for the work.

One part in particular I'm quoting here:

"The LOGCAP arrangement began in 1992, with KBR's predecessor Brown & Root the first winner. It held the contract until 1997 when the General Accounting Office discovered Brown & Root had overcharged the Army for its work on the war and peacekeeping mission in Bosnia. DynCorp won the contract in 1997, but KBR won it back in December 2001 and will hold it for 10 years, according to the contract terms. ((This means there was bidding.)

KBR has a separate contract originally worth up to $7 billion to restore Iraq's oil infrastructure, awarded on the brink of the war in March 2003. That contract was later divided and opened for competition; KBR won a contract for the restoration of the southern oil fields only for a maximum value of $1.2 billion." (This also means the contract was bid on by others.)


These are the contracts that are so lucrative for Halliburton. The contractors bidding against Halliburton, of course, are some of the loudest voices complaining and criticizing Halliburton and claiming they get favoritism because of Cheney. It's in their best interest to make Halliburton look bad.
I liked it when Haliburton charged the U.S. Taxpayer $100 a piece for Peanut Butter and Jelly Sandwiches. We deserve it.
Old 04-16-2007, 09:22 AM   #46 (permalink)
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You know as well as I do that that $100 wasn't for just the sandwiches, but the salaries of the people who made them and delivered them and served them. It most likely took more than one person to do this. You wouldn't go there to risk your life for minimum wage, so why would anyone else? Halliburton employees have been killed working there.... possibly getting ready to serve peanut butter sandwiches, I don't know, but it's a possibility, isn't it?
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Old 04-16-2007, 10:15 AM   #47 (permalink)
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Originally Posted by vharlow View Post
I'm assuming you mean a link about the Halliburton contracts?

Halliburton Wins in Iraq with $9.6 Billion and More

If you read down this document, you will find lots about Halliburton contracts and KBR, the subsidiary who bills for the work.

One part in particular I'm quoting here:

"The LOGCAP arrangement began in 1992, with KBR's predecessor Brown & Root the first winner. It held the contract until 1997 when the General Accounting Office discovered Brown & Root had overcharged the Army for its work on the war and peacekeeping mission in Bosnia. DynCorp won the contract in 1997, but KBR won it back in December 2001 and will hold it for 10 years, according to the contract terms. ((This means there was bidding.)

KBR has a separate contract originally worth up to $7 billion to restore Iraq's oil infrastructure, awarded on the brink of the war in March 2003. That contract was later divided and opened for competition; KBR won a contract for the restoration of the southern oil fields only for a maximum value of $1.2 billion." (This also means the contract was bid on by others.)


These are the contracts that are so lucrative for Halliburton. The contractors bidding against Halliburton, of course, are some of the loudest voices complaining and criticizing Halliburton and claiming they get favoritism because of Cheney. It's in their best interest to make Halliburton look bad.
Sorry, this doesn't mean there was bidding. If someone is given a contract it is called 'won'. There was no bid on anything in 2001. Here is some info direct from your source. It is interesting to note there is no direct mention, in any of it, about bids. A small portion of the mutiple contracts were divided up for bidding but the bulk are no-bid contacts. I've researched this extensively. You can't change the facts by reading between the lines in search of your proof. Again, the following is from your own source, if anything it just helps support how corrupt Halliburton is:

Halliburton subsidiary KBR - formerly known as Kellogg, Brown & Root - holds the contract, known as the Army's Logistics Civil Augmentation Contract, or LOGCAP, an open-ended "cost plus" contract. The Army issues "task orders" for logistics work it needs done - meals served, facilities constructed - and KBR charges a percentage of the cost of the work as its profit.

The LOGCAP arrangement began in 1992, with KBR's predecessor Brown & Root the first winner. It held the contract until 1997 when the General Accounting Office discovered Brown & Root had overcharged the Army for its work on the war and peacekeeping mission in Bosnia. DynCorp won the contract in 1997, but KBR won it back in December 2001 and will hold it for 10 years, according to the contract terms.

KBR has a separate contract originally worth up to $7 billion to restore Iraq's oil infrastructure, awarded on the brink of the war in March 2003. That contract was later divided and opened for competition; KBR won a contract for the restoration of the southern oil fields only for a maximum value of $1.2 billion.

Halliburton's fortunes increased dramatically with the onset of the Iraq war. In 2003 alone it received contracts from the Defense Department worth $4.3 billion, more in one year than it won in Pentagon contracts over the previous five years combined, according to the Center for Public Integrity. The total worth of DOD contracts from 1998 to 2003 was $2.5 billion.

In January 2004, Halliburton fired two of its employees in Kuwait who accepted a $6 million bribe in exchange for awarding Army subcontracts to a Kuwaiti-based company involved in Iraq reconstruction. The next month, Pentagon auditors discovered Halliburton overcharged the military $27.4 million for meals served to American troops at five military bases in Iraq and Kuwait last year.
Despite the controversies surrounding KBR's billing practices, military officials in Iraq told United Press International in 2004 they were satisfied with the quality of food and hygiene facilities provided by the company, saying their troops were generally well fed and healthy and had higher morale as a result. They could not speak to the financial side of the contract.



Halliburton's KBR unit, formerly known as Kellogg, Brown & Root, received its biggest bonuses, $4 million of a potential $5 million, for two projects in Bagram and Kandahar, Afghanistan.

Army Field Support Command in Rock Island, Ill., said award fee boards rated KBR's performance as "excellent" to "very good" for more than a dozen "task orders" in Kuwait and Afghanistan.

The Army said this month that it wouldn't withhold 15% of future payments to Halliburton for its work in Iraq after a Pentagon inspector general, an Army auditor and the Defense Contract Audit Agency had recommended docking a portion of the company's payments.
Some government departments have launched investigations of Halliburton's work in Iraq, including an inquiry on whether it overcharged to supply fuel to Iraqi civilians. The company has said its prices were fair.


Rep. Henry A. Waxman (D-Los Angeles) alleged in August that Halliburton, which was headed for five years by Vice President Dick Cheney, was getting special treatment from the Pentagon.

KBR supplies, among other things, housing and daily meals for the 155,000 U.S. troops stationed in Iraq and Kuwait and 18,000 in Afghanistan. Halliburton also is helping to restore Iraq's oil infrastructure.

The awards are the first granted to Halliburton under a contract it won in 2001 to provide emergency combat logistics support worldwide for the Army. It has been paid $7.2 billion of the $10.5 billion obligated.

[an error occurred while processing this directive]


-END-

Halliburton Wins in Iraq with $9.6 Billion and More

Funny how just as they get to the part about the contracts and an error occurs while processing this directive.
Politics, it seems to me, for years, or all too long, has been concerned with right or left instead of right or wrong. ~Richard Armour

There are many men of principle in both parties in America, but there is no party of principle. ~Alexis de Tocqueville

Last edited by tyreay; 04-16-2007 at 10:31 AM.
Old 04-16-2007, 10:31 AM   #48 (permalink)
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Originally Posted by vharlow View Post
You know as well as I do that that $100 wasn't for just the sandwiches, but the salaries of the people who made them and delivered them and served them. It most likely took more than one person to do this. You wouldn't go there to risk your life for minimum wage, so why would anyone else? Halliburton employees have been killed working there.... possibly getting ready to serve peanut butter sandwiches, I don't know, but it's a possibility, isn't it?
You are trying to justify $100 Peanut Butter and Jelly sandwiches. Do you see how damn rediculous you sound? It is people like you who have shoved us into this huge mess we are in. The sane people are trying to get us out.
Old 04-16-2007, 11:48 AM   #49 (permalink)
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Quote:
Originally Posted by vharlow View Post
You know as well as I do that that $100 wasn't for just the sandwiches, but the salaries of the people who made them and delivered them and served them. It most likely took more than one person to do this. You wouldn't go there to risk your life for minimum wage, so why would anyone else? Halliburton employees have been killed working there.... possibly getting ready to serve peanut butter sandwiches, I don't know, but it's a possibility, isn't it?
This is my third time trying to respond to such a rediculous post. It is people like you trying to justify the criminal activity of Haliburton and the Fascist Bush Administration that are responsible for this terrible Iraq fiasco.
Old 04-16-2007, 01:14 PM   #50 (permalink)
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I suppose you think the people who ship the sandwich ingredients and the people who assemble the sandwiches don't deserve to be paid for their labor? I'm not trying to "justify" anything. I'm just pointing out a few facts left out when people are shocked and in horror at the price of delivering those sandwiches to Iraq. I'll grant, here at home, it wouldn't cost that much money to produce a few peanut butter sandwiches.
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