Cheney Stock Nets 18.5-Million Profit
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WASHINGTON — Republican vice presidential nominee Dick Cheney reaped $18.5 million in profits last month by exercising options and selling common stock in Halliburton Co., the world’s largest oil services firm.
Cheney, who served as Halliburton’s chairman and chief executive, sold 660,000 shares at $52.28 to $53.93 a share in late August, according to the Securities and Exchange Commission.
Cheney said if he’s elected vice president, he will forfeit an additional 233,000 Halliburton stock options worth more than $3.8 million.
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