Halliburton CEO got $15.2 million last year

Source: Bloomberg

Halliburton Co., the second-largest oil-services company, paid Chief Executive Officer David Lesar $15.2 million last year as the company prepared to shed KBR Inc., its government-services and engineering unit.

Lesar's salary rose 3.2 percent to $1.3 million from $1.26 million in 2005, the Houston-based company said Monday in a filing with the U.S. Securities and Exchange Commission.

The CEO also received $3.74 million in stock awards, $2.62 million in stock options, and $6.64 million in non-stock incentives.

Other compensation, including use of the company's aircraft and a car and home-security allowance, totaled $947,740, the company said. The value of Lesar's retirement plan rose by $53,249, according to the filing.


Read more: http://www.wfaa.com/sharedcontent/dws/bus/stories/040307dnbushalliburtonceopay.11935df.html

how can he be expected to live on that pittance?

this country is going into the toilet

That guy couldn't possibly be doing anything so good as to actually deserve that much money for the work he does.

kinda makes you wonder where it went doesn't it???????

...accounts. He has been getting cash from his former company all along in spit of ongoing investigations.

<SNIP>
Published on Thursday, August 19, 2004 by CommonDreams.org
How Dick Cheney Got Away With $35 Million Right Before the Government Launched a Probe into Halliburton
by Jason Leopold

It’s obvious that no mainstream news reporter has the gumption to seriously question Vice President Dick Cheney’s ethics when he was chief executive of Halliburton, the oil-field services company that is currently embroiled in a scandal with the Pentagon due to its questionable accounting practices related to its work in war-torn Iraq.

Pity those journalists because this is the stuff Pulitzer’s are made of. What’s even more remarkable is that there’s reams of documents in the public domain showing how Cheney cooked the books when he was CEO of Halliburton, which makes the vice president look like Ken Lay’s twin brother. The evidence is beginning to collect dust. To tell the story of how Cheney’s Halliburton used accounting sleight of hand to fool investors all you need to do is connect the dots, which is what this story will do.

Let’s start with a bit of old news. A couple of weeks ago Halliburton agreed to pay a $7.5 million fine to settle a U.S. Securities and Exchange Commission probe related to a 1998 change in the way Halliburton accounted for construction revenue.

The commission says the undisclosed accounting change caused Halliburton's public statements regarding its income in 1998 and 1999 to be materially misleading, boosting Halliburton’s profits on paper by $120 million.

“In the absence of any disclosure, the investing public was deprived of a full opportunity to assess Halliburton's reported income - more particularly, the precise nature of that income, and its comparability to Halliburton's income in prior periods,” according to the commission.

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http://www.commondreams.org/views04/0819-03.htm

Dickhead is responsible, whether he's listed as CEO or not :puke:

behavior. What does it profit a man if gains the whole world and loses his immortal soul?

to avoid Halliburton-wide prosecution for it's war profiteering. And there will be nothing we can do about it because they've set it all up to be legal.

Why isn't Cheney's war-profiteering being trumpeted?