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Saturday, December 6, 2008

The Severence Package of the Year...goes to George Bush & Dick Cheney



Upon leaving office Bushes' Assets May Top $24 Million; and Cheneys is a motherloading $94 Million dollars. President Bush may have been regarded as an idiot by many people (including myself) but he may have had some very smart advisors when it came to certain business decisions. Bush made his fortune at first as part owner of the Texas Rangers major league baseball team. His initial investment of $530,000 in 1989 soared to almost $15 million when he sold his share of the team to venture capitalist Tom Hicks in 1998.

The biggest assets Cheney reported for last year were mutual fund holdings in the American Century Investments International Bond Fund and the Vanguard Group's Short-Term Tax-Exempt Fund Admiral Shares, each valued at between $5 million and $25 million. Cheney's total income in 2005 was $8.8 million, largely as a result of stock options Cheney received before stepping down as chairman of Houston-based Halliburton Co, ironically this company is also the world's largest oil-field services company with contracts in Iraq.

The smarter of the two men was unquestionably Cheney, who was said to be the power that had existed from behind the throne, pulling the strings. President George W. Bush recently purchased a home in the upscale Dallas neighborhood of Preston Hollow for 2 million dollars, below is a picture of the estate.

Click for the close-up


Not bad for a retired president's house...I wonder what Cheney bought...lol

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