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The following is a "closing segment" for the show which aired Thursday, August 5, 2004 at 11:00 AM EDT.
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Thursday, August 5, 2004 at 11:00 AM EDT
Halliburton Probe and Cheney
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This week, the Securities and Exchange Commission fined the Halliburton company $7.5 million dollars for secretly changing its accounting practices when Vice President Dick Cheney was the company’s chief executive. With the changes, Halliburton reported in 1998 annual earnings were 46 percent higher than they should have been, according to the SEC.

Cheney served as CEO of Halliburton from 1995 to 2000, and though the SEC did not charge Cheney in the case, questions remain about the Vice President’s knowledge and involvement of Halliburton’s business practices under his tenure.

Guests:

James Surowiecki, reporter for “The Financial Page” of The New Yorker, author of “The Wisdom of Crowds.”;
The Wisdom of Crowds (On Point)

 
 

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