did ya get cash or debt?
Everyone is getting in on the cash, except the American tax payers, they get the debt.
As President Bush embarks on a new effort to shore up public support for the war in Iraq, an uncle of the commander in chief is collecting $2.7 million in cash and stock from the recent sale of a company that profited from the war.
A report filed with the U.S. Securities and Exchange Commission shows that William H.T. Bush collected just under $1.9 million in cash plus stock valued at more than $800,000 from the sale of Engineered Support Systems Inc. to DRS Technologies of New Jersey.
The $1.7-billion deal closed Jan. 31. Both firms have extensive military contracts.
William Bush was a director of Engineered Support Systems. Recent SEC filings show he was paid cash and DRS stock in exchange for shares and options he obtained as a director.
Before DRS purchased it, Missouri-based ESSI experienced record growth as a result of expanded U.S. military contracts — many to supply U.S. efforts in Iraq and Afghanistan.
The contracts, some awarded on a no-bid basis, include a $77-million deal to refit military vehicles with armor for use in Iraq.
| Print article | This entry was posted by mosotech on July 10, 2010 at 11:43 am, and is filed under Inc Technology. Follow any responses to this post through RSS 2.0. You can leave a response or trackback from your own site. |
about 1 month ago
WE have all received CURRENTLY 30,000 in more “debt”
after a balanced budget!!!
about 1 month ago
Pure jealousy and greed on your part.
Even Teddy and Shrillary aren’t buying this.
No, you can’t have any.
Thank you for your time.
about 1 month ago
Well we got debt too, my island is so rich they can afford to give every person living here legally and ilegally $1 mil and still have change,but what do we have instead a massive oil boom and half the nation can’t afford to put a roof over their own heads, and the Government borrows $800mil to build a massive stadium for cricket ( just to give you an idea the island has 1.5 million people) and they put it in the middle of a settlement of squatters. Hospitals are short of doctors and medicine and equipment, schools are in terrible condition and the roads….well!!!! Where is the money going? Nobody knows and this is after years of being technically debt free as an island and then experiencing an oil boom. So it’s not just the American taxpayers that are getting the shaft I think it’s all of us.