BS: Haliburton Moving

Subject: BS: Haliburton Moving
From: Wordsmith
Date: 13 Mar 07 - 02:18 AM

Guess who's hauling their corporate headquarters to Dubai? That's right...Haliburton. I wonder if there's any connection between that, and the attempt by Dubai to buy our ports? Oops! Maybe I should have posted this on the paranoia thread. This is for real, though.

Subject: RE: BS: Haliburton Moving
From: Rapparee
Date: 13 Mar 07 - 08:10 AM

Well, the corporate headquarters (Halliburton says) is staying in Houston. The CEO's office is moving to Dubai. Oddly enough there are no corporate taxes in Dubai, and those furriners who live within a certain zone are exempt from personal income tax as well.

By the way, Halliburton is spinning off KBR, the good folks who supply the US troops in Iraq. (Something about Congressional investigations into overcharging....)

Subject: RE: BS: Haliburton Moving
From: dianavan
Date: 13 Mar 07 - 12:01 PM

Lessar is CEO and in the last five years, he made 58.87 million from Halliburton alone.

http://www.forbes.com/lists/2006/12/EBC3.html

He also has alot of shares in a chemical company.

He's also on the board of directors for a 'non-profit' company dedicated to improving relations with Iran - ? a think tank ?

Cheney appointed Lessar before he left Halliburton and when Cheney left, Lessar took over.

Another greedy, slime ball, if you ask me. He seems to make most of his money from no bid contracts, wars and evading taxes. In other words, he is rich because he knows how to rip-off U.S. citizens. Talk about unpatriotic!

Subject: RE: BS: Haliburton Moving
From: Peace
Date: 13 Mar 07 - 12:06 PM

From 2004:

"The investigation this time surrounds how many people - from President George W. Bush on down - are really eating in the mess halls of Iraq and Kuwait.

According to sources and published reports, Kellogg, Brown & Root - the Halliburton subsidiary that runs these military dining halls - has billed the government for millions of meals soldiers never ate, because, as CBS News Correspondent Wyatt Andrews, it is billing on the number of meals projected in advance, not the actual number of meals served.

Halliburton says estimating meals is essential because it's hard to know "how many people will be at the dinner table in a war zone." The company vigorously denies it has overcharged, but it has agreed to defer $16 million in payments while an audit continues.

Congressional critics say the meal projections were sometimes three times the number of meals delivered.

"Well, it may be plausible, but 42,000 meals for 14,000 people - that's an estimate that is so far off, you wonder what's going on," says Rep. Henry Waxman, D-Calif."

Subject: RE: BS: Haliburton Moving
From: Wesley S
Date: 13 Mar 07 - 12:21 PM

I wonder how difficult it would be to bring back the CEO from overseas if someone wanted to - say - charge him with a crime of some sort?

Subject: RE: BS: Haliburton Moving
From: Dickey
Date: 13 Mar 07 - 12:42 PM

George Soros, who made $750 million in one year, owns 1,999,450 shares of Halliburton stock.

Subject: RE: BS: Haliburton Moving
From: Don Firth
Date: 13 Mar 07 - 01:15 PM

Re:   George Soros.

George Soros, international financier, billionaire investor, and founder of a network of philanthropic organizations, has concentrated both personal effort and his financial wealth since 2002 to criticism of what he calls the Bush administration's "Bubble of American Supremacy" and the defeat of George W. Bush. He is Emeritus Director of Refugees International.

There is a certain satisfaction in using money one got from a crooks both for good purposes and to help take those crooks off the streets. Both poetic justice and good money management.

Good for George Soros!

Don Firth

Subject: RE: BS: Haliburton Moving
From: Dickey
Date: 13 Mar 07 - 01:28 PM

In British politics and economics, Black Wednesday refers to 16 September 1992 when the Conservative government of the day was forced to withdraw the Pound from the European Exchange Rate Mechanism (ERM) due to pressure by currency speculatorsâ€"most notably George Soros who made over US$1 billion from this speculation. In 1997 the UK Treasury estimated the cost of Black Wednesday at £3.4 billion:

That's 1 billion in one day for Soros and minus £3.4 billion for the UK citzens.

Good for George Soros!

Bad for the citizens crooks of the UK!

Subject: RE: BS: Haliburton Moving
From: Peace
Date: 13 Mar 07 - 01:35 PM

FH

Subject: RE: BS: Haliburton Moving
From: Scoville
Date: 13 Mar 07 - 02:14 PM

I kid you not--I just read that as "Helliburton".

Subject: RE: BS: Haliburton Moving
From: Q (Frank Staplin)
Date: 13 Mar 07 - 02:16 PM

Comment by Wordsworth about "attempt by Dubai to buy our ports."
Not correct.
Dubai Ports World, A Dubai company, with an American as manager, sells management. It bought the British P & O shipping company, making it the third largest operator of shipping facilities. It operates the ports and does not own them.
The fooferaw forced Ports World to sell off management of their former P & 0 facilities in the U. S. to U. S. based management companies.
Ports World management, known for excellence, is replaced by companies perhaps less well qualified in security and management.

Halliburton, on the other hand,is alleged to have a history of placing the buck ahead of ethics in their service operations, as some companys that failed to monitor their practices closely found out.

(When I changed jobs, one of my regrets was that I no longer had access to the fine Cuban cigars smuggled and handed out by Halliburton service employees).

Subject: RE: BS: Haliburton Moving
From: Don Firth
Date: 13 Mar 07 - 02:18 PM

No matter what he may or may not have done, if George Soros were contributing lavishly to the Republicans instead of the Democrats, I don't think his name would have come up in this thread.

Don Firth

Subject: RE: BS: Haliburton Moving
From: Donuel
Date: 13 Mar 07 - 02:22 PM

They have always had off shore status with corporate headquarters in the Bahamas, Vanatu,etc.
Closing the Houston office will still save them 100 million and will be free from US protesters.

Trading US protesters for suicide bombers may be a poor trade.

Subject: RE: BS: Haliburton Moving
From: Q (Frank Staplin)
Date: 14 Mar 07 - 10:44 AM

Halliburton never has had corporate headquarters in the places mentioned by Donuel. As a company operating globally, it has regional offices in many locations.

Halliburton is currently re-organizing as it divests itself of interest in KBR. KBR will become an independent company.

KBR is the business which handles government contracts. It also handles energy and chemicals, and has built the infrastructure for moving half of the world's liquified petroleum.

Corporate headquarters for Halliburton remains in Houston. Moving head executives to Dubai will put them in a better position to manage operations in Asia, which, for the services company, has become their growth area.

Dubai is one of the Emirates, but it has become a highly developed international business center, free of suicide bombers and protests. It also is a five-star business and tourist center.

Subject: RE: BS: Haliburton Moving
From: GUEST,michaelr
Date: 14 Mar 07 - 06:49 PM

And they love rich scumbags in Dubai... like Michael Jackson. As Jon Stewart said, they welcomed him with open boys.

Cheers,
Michael

Subject: RE: BS: Haliburton Moving
From: Donuel
Date: 14 Mar 07 - 08:05 PM

Yes they did have off shore corporate offices in Vanatu and elsewhere...and yes they are moving the corporate Houston office to Dubai.

There will not be a Halliburton office in Houston to demonstrate in front of any more.

btw Q was my favorite STNG character.

Subject: RE: BS: Haliburton Moving
From: Peace
Date: 14 Mar 07 - 09:33 PM

Neat sign here . . . .

Subject: RE: BS: Haliburton Moving
From: bobad
Date: 14 Mar 07 - 09:38 PM

They're moving to the Middle East because that's where the oil is.

Subject: RE: BS: Haliburton Moving
From: Donuel
Date: 14 Mar 07 - 09:44 PM

Peace, they are not sorry.

Here in DC we used to get Halliburton TV commercials saying things like "Yeah we didn't do all that we said we could do, but lets face it - its a war zone here!

I kid you not.

Subject: RE: BS: Haliburton Moving
From: Q (Frank Staplin)
Date: 14 Mar 07 - 11:50 PM

If one is going to attack a target, one should know something about it. More that one 'contributor' here sounds like a professional protestor, a know-nothing who will never protest effectively but complains about all 'big' business.

Halliburton is selling off all connection with KBR, the branch that has contracts in Iraq and will go back to servicing the oil business. Its corporate headquarters remains in Houston, but most of their income will be coming from the large area extending from west Africa to the islands north of Japan. It makes sense to place the deal makers and decision makers within this huge region of many opportunities and the people who need their services.

It is the U. S. government that gave KBR a free hand in Iraq and they took it. I have no liking for their methods, but giving any company a free hand during a war is giving them a license to plunder. Formerly, the Corps of Engineers would have handled or supervised many of the jobs, but the government has downsized that important branch through the years and passed out the jobs without proper bidding procedures.

Bobad, you are partly right- Dubai is a stable spot from which to supervise work that extends from West Africa through the Middle East to Russia and the Sakalin Islands north of Japan. Opportunities for service jobs are far fewer in the Americas, where oil sands are the current growth arm of the oil business.

Subject: RE: BS: Haliburton Moving
From: Wordsmith
Date: 15 Mar 07 - 12:13 AM

Thanks for the correction, Q. Loved your work in JB movies. I am not all that familiar with the workings of large corporations, mainly because I have a weak stomach. As I read the article from an Associated Press release, and, unfortunately, didn't copy it, I cannot quote...but I'm fairly certain they did say the corporate headquarters was moving there...perhaps there have been amendments since I posted this. I have seen Dubai on one of the travel programs on PBS and am familiar with its rich history, as well as its freedom from pesky terrorists. It makes perfect sense for Haliburton, btw, to divest itself of KBR now that the spotlights are shining on it. Once the guano hits the fan, they'll have no liability, will they?
As I was reading the comments to this thread, I came across Harry Waxman's name, and it reminded of an interview I saw of him on Charlie Rose's program. Boy, do I wish I had taped that one. Waxman brought up the CASH that was delivered to Iraq and then went missing and was also paid to people without verification of their use of it or if they even deserved to get it. We're talking a big chunk of CASH, here. Naturally, the guy who was in charge at the time who asked for the CASH is now retired and probably will get the Medal of Honor. Yes, I'm being sarcastic. I just can't believe all of this has been swept under the carpet, and even when the carpet gets lifted...oh, well. And, no, I can't remember how much CASH they mentioned...I was in shock! I still am, and now I have PTS! (My apologies to those who have PTS.)

Subject: RE: BS: Haliburton Moving
From: dianavan
Date: 15 Mar 07 - 12:48 PM

Halliburton has been awarded 21 billion in war contracts. Where that money went to is anyone's guess. Now that Congress has turned up the heat, the best thing for Halliburton to do is divest its interest in KBR and get their CEO out of harms way. Dubai has no extradition treaty with the U.S.

There is no way to get Lessar to testify if he is needed.