>Um, halliburton makes money, the stock goes up, no? And yes, it is
>deferred compensation, but it is being paid in stock, correct?
Deferred compensation is to be paid in cash. But that doesn't mean that
the deal can't be restructed at a latter date.
And he has stock options not stock. A sophisticated investor like Cheney
is not going to have naked options. He probably hedged against it and can
only make X amount of dollars on the options to protect his downside. So
even if HAL goes through the rough he will have limited, if any, monetary
gains. How do I know this? I don't for sure but that is what I would
expect most smart people to do.
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