Reuters
Friday, September 16, 2005; 3:17 PM…Halliburton Co.'s subsidiary Kellogg Brown and Root has already been given a $500mil contract to rebuild Navy bases along the Katrina battered Gulf Coast.

By Renae Merle
Washington Post Staff Writer
Friday, September 16, 2005
DEFERRED SALARY: Cheney received $205,298 in deferred salary from Halliburton in 2001, $162,392 from the company in 2002 and $178,437 in 2003. Sen. Frank Lautenberg (D-NJ) said, "Deferred salary is not a retirement benefit or a payment from a third party escrow account, but rather an ongoing corporate obligation paid from company funds."

STOCK OPTIONS: The Vice President has signed an agreement to donate any profits from his stock options to charity, and has pledged not to take any tax deduction for the donations. Should Halliburton's stock price increase over the next few years, the Vice President could exercise his stock options for a substantial profit, benefiting not only his designated charities, but also providing Halliburton with a substantial tax deduction.

Halliburton Stock Options Currently Held by Cheney (current to end of 2002): 100,000 shares at $54.5000 (vested), expire 12-03-07; 33,333 shares at $28.1250 (vested), expire 12-02-08; 300,000 shares at $39.5000 (vested), expire 12-02-09.

Cheney's deferred compensation and stock option benefits are in addition to a $20 million retirement package paid to him by Halliburton after only five years of employment; a $1.4 million cash bonus paid to him by Halliburton in 2001; and additional millions of dollars in compensation paid to him while he was employed by the company.

In 2002, Cheney's total assets were valued at between $19.1 million and $86.4 million.

[i]WASHINGTON (Reuters)[/I]
-- Companies with ties to the Bush White House and the former head of FEMA are clinching some of the administration's first disaster relief and reconstruction contracts in the aftermath of Hurricane Katrina.
At least two major corporate clients of lobbyist Joe Allbaugh, President Bush's former campaign manager and a former head of the Federal Emergency Management Agency, have already been tapped to start recovery work along the battered Gulf Coast.
One is Shaw Group Inc. and the other is Halliburton Co. subsidiary Kellogg Brown and Root. Vice President Dick Cheney is a former head of Halliburton.
Bechtel National Inc., a unit of San Francisco-based Bechtel Corp., has also been selected by FEMA to provide short-term housing for people displaced by the hurricane. Bush named Bechtel's CEO to his Export Council and put the former CEO of Bechtel Energy in charge of the Overseas Private Investment Corporation.

Monday, June 25, 2001
UNITED NATIONS, June 23 (UPI) -- Halliburton Co., the oil company that was headed by Vice President Dick Cheney, signed contracts with Iraq worth $73 million through two subsidiaries while he was at its helm, the Washington Post reported.
During last year's presidential campaign, Cheney said Halliburton did business with Libya and Iran through foreign subsidiaries, but maintained he had imposed a "firm policy" against trading with Iraq.
In a July 30, 2000, interview on ABC-TV's "This Week," Cheney denied that Halliburton or its subsidiaries traded with Baghdad. Three weeks later, on the same program, he modified his response after being informed that a Halliburton spokesman had said that Dresser Rand and Ingersoll Dresser Pump traded with Iraq.

Cheney said he did not know the subsidiaries were doing business with the Iraqi regime.