President George W. Bush's uncle, William H.T. "Bucky" Bush, is under investigation for having been a part of outside directors at a defense contractor who were given about $6 million in unauthorized pay from an options backdating scheme. Bush and other non-employee directors who served on the board of Engineered Support Systems, which now is owned by DRA Technologies, may have benefited from stock options not approved by shareholders. Securities investigators say that Bush and other non-employee directors are not accused of any wrongdoing. The Securities and Exchange Commission complaint says that "as a result [of backdating], the company provided significant additional compensation to its outside directors beyond what shareholders had approved. These same directors later realized approximately $6 million from the exercise of their additional stock options."

Bush's Uncle Fingered in Options Investigation