Cheney Departs Halliburton CEO Role to Join Bush Ticket, Retains $34M Deferred Pay

Dick Cheney resigned as CEO of Halliburton to accept George W. Bush's invitation to join the Republican presidential ticket as the vice-presidential nominee. Cheney departed with a deferred compensation package ultimately valued at approximately $34 million, paid in annual installments while he served as Vice President. After the U.S. invaded Iraq in 2003, Halliburton subsidiary Kellogg Brown and Root received approximately $7 billion in no-bid government contracts for Iraq reconstruction and logistics support.