Bush's uncle tangled in options probe: SEC

[Dracos]

President George W. Bush's uncle, William H.T. "Bucky" Bush, was part of a group of outside directors at a defense contractor who realized about $6 million in unauthorized pay from an options backdating scheme, according to U.S. securities investigators.

Bush and other non-employee directors who served on the board of Engineered Support Systems Inc., now owned by DRS Technologies Inc., are not accused of any wrongdoing in a civil complaint filed on Tuesday by the U.S. Securities and Exchange Commission.

The SEC complaint, however, says the non-employee directors benefited from stock options not approved by shareholders.

http://today.reuters.com/news/articlenews.aspx?type=topNews&storyid=2007-02-07T222949Z_01_N07471273_RTRUKOC_0_US-OPTIONS-SEC-BUSH.xml

[Mnemosyne]

1. OMG! Not Uncle Bucky! Why he's just as honest as

the rest of his family...

It seems I recall Bucky being a war profiteer a couple years ago with some stock sale. I wonder if it ties in.

[Rex]

2. Now look! William H.T. "Bucky" Bush ain't no hornswaggler, no sir!

Bucky never broke any rules, never. H.T. calls it like he sees it! Honest.