culture, politics, commentary, criticism

Thursday, February 08, 2007
Uncle Fucker. Like they're not making enough blood money already, Republican defense contractors tied to the Bush family backdate their stock options to make even more (
Investment News):
The Securities and Exchange Commission filed civil charges against a pair of executives at Engineered Support Systems Inc., accusing them of backdating stock options between 1997 and 2002.

The SEC charged Gary Gerhardt, the St. Louis-based defense contractor's former chief financial officer, and Steven Landmann, the former controller, of granting its directors between $15 million and $20 million in unauthorized compensation as a result of the grants.

The complaints alleged that Mr. Gerhardt instructed Mr. Landmann to backdate company stock option grants to coincide with historically low closing prices of the company’s common stock.

Mr. Gerhardt and Mr. Landmann received $1.9 million and $518,972, respectively.
garyAnd, naturally, CFO Gary C. Gerhardt (pictured) is a generous financial supporter of a certain George W Bush. Guess what? So is Controller Steven Landmann.

Why is Gary smiling? (I mean, besides the $1.9 million he gave himself for pretending his stock options were older.) Because war profits are so fucking sweet! Here are a couple more fun facts:

Annual Engineered Support Systems Revenues:
1999 — $147 million (Clinton impeachment — no war.)
2003 — $573 million ("He tried to kill my dad" — war!)

War means quadruple revenue! Who cares how many children Bush-Cheney are willing to kill — these St. Louis contractors are making a fortune! And it's only getting better: "Engineered Support Systems is rapidly approaching revenues of $1 billion."

And here's the ugliest part of all: "President George W. Bush’s uncle, William H.T. “Bucky” Bush, was part of a group of outside directors at a defense contractor [Engineered Support Systems] who realized about $6 million in unauthorized pay from an options backdating scheme, according to U.S. securities investigators." That's right, Saddam Hussein tried to kill Dubya's daddy and Bucky's brother.

Greatest Hits · Alternatives to First Command Financial Planning · First Command, last resort, Part 3 · Part 2 · Part 1 · Stealing $50K from a widow: Wells Real Estate · Leo Wells, REITs and divine wealth · Sex-crazed Red State teenagers · What I hate: a manifesto · Spawn of Darleen Druyun · All-American high school sex party · Why is Ken Lay smiling? · Poppy's Enron birthday party · The Saudi money laundry and the president's uncle · The sentence of Enron's John Forney · The holiness of Neil Bush's marriage · The Silence of Cheney: a poem · South Park Christians · Capitalist against Bush: Warren Buffett · Fastow childen vs. Enron children · Give your prescription money to your old boss · Neil Bush, hard-working matchmaker · Republicans against fetuses and pregnant women · Emboldened Ken Lay · Faith-based jails · Please die for me so I can skip your funeral · A brief illustrated history of the Republican Party · Nancy Victory · Soldiers become accountants · Beware the Merrill Lynch mob · Darleen Druyun's $5.7 billion surprise · First responder funding · Hoovering the country · First Command fifty percent load · Ken Lay and the Atkins diet · Halliburton WMD · Leave no CEO behind · August in Crawford · Elaine Pagels · Profitable slave labor at Halliburton · Tom Hanks + Mujahideen · Sharon & Neilsie Bush · One weekend a month, or eternity · Is the US pumping Iraqi oil to Kuwait? · Cheney's war · Seth Glickenhaus: Capitalist against Bush · Martha's blow job · Mark Belnick: Tyco Catholic nut · Cheney's deferred Halliburton compensation · Jeb sucks sugar cane · Poindexter & LifeLog · American Family Association panic · Riley Bechtel and the crony economy · The Book of Sharon (Bush) · The Art of Enron · Plunder convention · Waiting in Kuwait: Jay Garner · What's an Army private worth? · Barbara Bodine, Queen of Baghdad · Sneaky bastards at Halliburton · Golf course and barbecue military strategy · Enron at large · Recent astroturf · Cracker Chic 2 · No business like war business · Big Brother · Martha Stewart vs. Thomas White · Roger Kimball, disappointed Republican poetry fan · Cheney, Lay, Afghanistan · Terry Lynn Barton, crimes of burning · Feasting at the Cheney trough · Who would Jesus indict? · Return of the Carlyle Group · Duct tape is for little people · GOP and bad medicine · Sears Tower vs Mt Rushmore · Scared Christians · Crooked playing field · John O'Neill: The man who knew · Back to the top

. . .