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NetApp and Halliburton: going further, faster, together25 Mar 2008 19:28 But there can be only oneNice bashing of Halliburton. Too bad it's the wrong company.By Chris Stoffel
Posted Tuesday 25th March 2008 21:44 GMT
Halliburton did (almost) all of their work in Iraq through their KBR subsidiary. In April 2007, KBR separated from Halliburton and became an independent company. When they left they took the vast majority (probably all) of the government/military work with them. So, technically, Halliburton is no longer in the business of "war profiteering". A simple fact check would have show this, but I guess it's just so much more fun to bash on the "evil war machine" than to check facts. No BidsBy Nexox Enigma
Posted Wednesday 26th March 2008 00:29 GMT
They just took the shortcut, since just about no other company would even try to bid for these contracts. Halliburton is just about the only gigantic international oilfield services company thats willing to go into a war zone, so they would have had the only bid. I do feel kinda sorry for their employees, who would probably be faced with a "go to Iraq or find a new job" type decision... OK...By E
Posted Wednesday 26th March 2008 01:24 GMT
But which one is Vice President Cheney paid by? An eloquent riposteBy T. Harrell
Posted Wednesday 26th March 2008 04:32 GMT
"Go fuck yourself." -Dick Cheney on his ties to Halliburton I think that completely explains and puts to rest any questions as to Halliburton or KBR's alledged profiteering, and any possible involvement Cheney had with them. I, for one, am completely satisfied with that simple, straightforward explanation. Paris, for obvious reasons. RE: Nice bashing of HalliburtonBy WhatWasThat?
Posted Wednesday 26th March 2008 13:43 GMT
Naw, nice maneuvering. It's the oldest ploy in the book - have a "subsidiary" take in huge contracts/subprime mortgages/risky investments, have the parent company spin off the sub, and then setup "corporate synergies" so that the sub pays the parent company for the services, and the sub takes the fall when the eventual legality of the actual work is questioned/investigated/brings enconomy crashing down. The sub falls into disrepute with the shareholders holding pretty printed toilet paper and the "key" executives and board members sip champagne on their yacht in the Med, setting up the next scam/scheme/gov contract to keep paying for it all. And, if you happen to run the largest "free" country in the world to tweak regulations, all the better for your pocketbook and friends, eh? The period for commenting on this story has finished |
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