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The Water Cooler
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Halliburton may pay $500 million to keep Cheney out of prison
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<blockquote data-quote="gl89aw" data-source="post: 1391928" data-attributes="member: 7257"><p>I have no sympathy for Cheney, I worked for Dresser when Cheney was at Halliburton and they bought us, When Cheney left Halliburton to be VP they voted him a 20 mil. + retirement package even though it wasn't in his contract. Later they stuck the screws to the Dresser people and reduced their retirement lump sums by around 40% that we were fully vested in and were elgible for at 55, told us we could get the full benefit if we waited to 65 but most didn't trust them to honor that so probable 80% took the approx. 40% cut figuring it was better than nothing at 65. No lawyers would take the case to fight them and the N.Y. Senator in the factorys district said that what they did was legal but certainly unethical. I will go to my grave believing that Cheney orchestrated it before he left. That 40% would sure come in handy now.</p><p></p><p>One thing I have learned after retiring (38 years service, same co.) If I had it to do over I would not stick with the same good ole company, I would go wherever the most money was, I passed up a lot of opportunities because of misplaced loyalty and if you think that the people in Human Resources are there to look out for you you probably still believe in the tooth fairy to.</p></blockquote><p></p>
[QUOTE="gl89aw, post: 1391928, member: 7257"] I have no sympathy for Cheney, I worked for Dresser when Cheney was at Halliburton and they bought us, When Cheney left Halliburton to be VP they voted him a 20 mil. + retirement package even though it wasn't in his contract. Later they stuck the screws to the Dresser people and reduced their retirement lump sums by around 40% that we were fully vested in and were elgible for at 55, told us we could get the full benefit if we waited to 65 but most didn't trust them to honor that so probable 80% took the approx. 40% cut figuring it was better than nothing at 65. No lawyers would take the case to fight them and the N.Y. Senator in the factorys district said that what they did was legal but certainly unethical. I will go to my grave believing that Cheney orchestrated it before he left. That 40% would sure come in handy now. One thing I have learned after retiring (38 years service, same co.) If I had it to do over I would not stick with the same good ole company, I would go wherever the most money was, I passed up a lot of opportunities because of misplaced loyalty and if you think that the people in Human Resources are there to look out for you you probably still believe in the tooth fairy to. [/QUOTE]
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