2.26.2005
Bush's Uncle Profits from Sale of Military Contractor's Stock (USATODAY.com)
Posted 2/23/2005 7:41 PM Updated 2/23/2005 7:48 PM
WASHINGTON (AP) — President Bush's uncle made more than $450,000 last month by selling stock in a defense contractor whose profits are growing because of the Iraq war, records show.
William H.T. Bush made the money by exercising stock options in St. Louis-based Engineered Support Systems, Inc. Bush is a member of ESSI's board of directors and therefore had to report the sale to the Securities and Exchange Commission.
Bush, the youngest brother of former President George H.W. Bush, did not return a telephone message seeking comment Wednesday afternoon. He told the Los Angeles Times, which first reported the stock sale Wednesday, that he had not pulled any strings in Washington for the company.
(More ... USATODAY.com - Bush's uncle profits from sale of military contractor's stock) ¶ 11:59
WASHINGTON (AP) — President Bush's uncle made more than $450,000 last month by selling stock in a defense contractor whose profits are growing because of the Iraq war, records show.
William H.T. Bush made the money by exercising stock options in St. Louis-based Engineered Support Systems, Inc. Bush is a member of ESSI's board of directors and therefore had to report the sale to the Securities and Exchange Commission.
Bush, the youngest brother of former President George H.W. Bush, did not return a telephone message seeking comment Wednesday afternoon. He told the Los Angeles Times, which first reported the stock sale Wednesday, that he had not pulled any strings in Washington for the company.
(More ... USATODAY.com - Bush's uncle profits from sale of military contractor's stock) ¶ 11:59
