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Nation IN BRIEF / WASHINGTON, D.C.

Firm Paid Cheney $2.4 Million in 2000

April 03, 2001|From Times wire services

Halliburton Co. said it paid Vice President Dick Cheney $2.4 million last year before he left to pursue the vice presidency as George W. Bush's running mate.

Cheney, who was chairman and chief executive of the world's largest oil-field services firm until August, did not receive any restricted stock or options, according to Halliburton's proxy statement filed with the U.S. Securities and Exchange Commission.

The proxy, an annual report to shareholders, also showed that Cheney exercised options on 826,667 shares valued at $22 million.

The firm said Cheney holds outstanding options for 433,333 shares and has entered into an irrevocable agreement to donate to charity the after-tax proceeds from the exercise of those options.

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