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Old 03-22-2015, 06:29 PM
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jms62 jms62 is offline
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Join Date: Mar 2007
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Quote:
Originally Posted by Rupert Pupkin View Post
The CRS did not say that deferred salary "did" amount to a "continuing financial interest". It said that it "could", meaning that it's a grey area. The bottom line is that they found no wrongdoing. It said to avoid conflict of interest that the relationship needs to be disclosed, and that in fact was does in this case. Here is the whole paragraph from your article:

In response to an inquiry from Senator Frank R. Lautenberg, Democrat of New Jersey, the nonpartisan Congressional Research Service reported last year that an official’s deferred salary and stock options could amount to “a continuing financial interest” in the company involved. The report did not mention Mr. Cheney by name or say that such an arrangement was improper. To avoid conflict of interest, the service said, any official with a continuing interest in a company should include the relationship in public financial disclosure statements, a step Mr. Cheney has taken.

Rupert. How can you possibly argue that someone doesn't have a continuing financial interest in a company when they have stock options yet to be exercised?
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