Friday, February 09, 2007

Is there no end to the Bush corruption?


It seems anyone Bush is a crook. Oh yeah, Bush's uncle would be the brother of 41 or Babs. Great siblings ya got there.
President George W. Bush's uncle, William H.T. "Bucky" Bush, was part of a group of outside directors at a defense contractor who realized about $6 million in unauthorized pay from an options backdating scheme, according to U.S. securities investigators.

Bush and other non-employee directors who served on the board of Engineered Support Systems Inc., now owned by DRS Technologies Inc., are not accused of any wrongdoing in a civil complaint filed on Tuesday by the U.S. Securities and Exchange Commission.

The SEC complaint, however, says the non-employee directors benefited from stock options not approved by shareholders.

"As a result, the company provided significant additional compensation to its outside directors beyond what shareholders had approved," the SEC complaint said. "These same directors later realized approximately $6 million from the exercise of their addtional stock options."

And the GOP and MSM was all over Jimmy Carter's ass because of his brother Billy.

(read more)

Labels: , ,

0 Comments:

Post a Comment

<< Home