Republicans Take More Heat
This time it's our good friend Senator George Allen. From the AP:
When Allen left for the Senate, Commonwealth (one of the companies in question) waived their standard policy which states that departing directors must exercise stock options in just 90 days. Commonwealth extended Allen's options until May 2009. Could this have anything to do with Commonwealth's bids for Federal contracts?
But don't worry, Allen swears that there was no conflict of interest. He didn't think the options were worth mentioning.
Posted By Peter
For the past five years, Sen. George Allen (news, bio, voting record), has failed to tell Congress about stock options he got for his work as a director of a high-tech company. The Virginia Republican also asked the Army to help another business that gave him similar options.
When Allen left for the Senate, Commonwealth (one of the companies in question) waived their standard policy which states that departing directors must exercise stock options in just 90 days. Commonwealth extended Allen's options until May 2009. Could this have anything to do with Commonwealth's bids for Federal contracts?
But don't worry, Allen swears that there was no conflict of interest. He didn't think the options were worth mentioning.
Posted By Peter
posted by PWN at 4:15 PM
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