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Halliburton Company

1,732 bytes added, 18:06, 15 February 2008
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"According to this [http://levin.senate.gov/newsroom/supporting/2004/030404taxhavenGAOreport.pdf 2004 GAO report], the company is incorporated in Delaware, but has (or had at that time) 17 subsidiaries in tax-haven countries." [http://time-blog.com/swampland/2007/03/halliburtonomics.html?xid=rss-swampland]
In February 2007, "[[Congress]] was told that $2.7 billion paid to Halliburton and its subsidiaries and subcontractors for work done in Iraq was either excessive or unsupported," Strieber [http://www.unknowncountry.com/news/?id=6043 wrote]. "Another upcoming investigation that affects Halliburton is the [[Walter Reed Army Medical Center scandal|current scandal at Walter Reed Army Medical Center]]. ''The Washington Post'' reported that the Army agreed to privatize the operaton operation of Walter Reed by awarding a $120 million contract to [[IAP Worldwide Services]], a contractor with connections to KBR, a Halliburton subsidiary."
"Although the announcement of the new Dubai arrangement took many by surprise, Halliburton said that the move was part of a strategy announced in mid-2006 to concentrate its efforts in the Middle East and surrounding areas, where state-owned oil companies represent a growing source of business." [http://www.iht.com/articles/2007/03/12/business/web-0312halliburton.php]
== Halliburton's Political Influence political influence ==
===Report: Cheney Facilitated No-Bid Contracts===
According to a June 1, 2004, Reuters
:"The e-mail, [http://www.time.com/time/magazine/article/0,9171,1101040607-644111,00.html reported] by ''Time'' magazine [in its June 7, 2004, Issue], provided 'clear evidence' of a relationship between Cheney and multibillion-dollar contracts Halliburton has received for rebuilding Iraq, Sen. [[Patrick Leahy]] said," according to Reuters. "'It totally contradicts the vice president's previous assertions of having no contact' with federal officials about Halliburton's Iraq deals, Leahy, a Vermont Democrat, said in a conference call set up by [[John Kerry]]'s presidential campaign. 'It would be irresponsible not to hold hearings.'"
===Iraq Reconstruction Corruptionreconstruction corruption===
The ''Wall Street Journal''' reported January 23, 2004, that Halliburton "told the Pentagon that two employees took kickbacks valued at up to $6 million in return for awarding a Kuwaiti-based company with lucrative work supplying U.S. troops in Iraq.
In 1988, Dresser acquired M.W. Kellogg, "a leader in petroleum refining and petrochemical processing, technology, engineering and construction." William E. Bradford, then Halliburton's new Chairman of the Board, stated that
:"Halliburton's '''vision is to be the premier global solutionsprovider solutions provider for energy services, engineering and construction, and energy equipment'''. The strategy the company has adopted to achieve this vision is based upon our commitment to integration -- both the internal integration of all business operations, as well as integration of Halliburton's core competencies with those of our customers. We support the vision with 4 key goals to serve our customers -- operational excellence, technological leadership, innovative business relationships and maintenance of a dynamic workforce."[http://www.gasandoil.com/goc/features/fex84753.htm]
Following the merger with Dresser, Halliburton's worldwide revenues "increased significantly," reaching $13 billion in 2001 ... Dresser's well-known and respected brands -- Sperry-Sun Drilling Services, Baroid Drilling Fluids and Security DBS -- were integrated into Halliburton and the Dresser Equipment Group was divested.
Halliburton's "current contract in Kuwait began in September 2002 when Joyce Taylor of the U.S. Army Materiel Command's Program Management Office, arrived to supervise approximately 1,800 [[Brown and Root]] employees to set up tent cities that would provide accommodation for tens of thousands of soldiers and officials."[http://www.corpwatch.org/issues/PID.jsp?articleid=6008]
The [http://www.cooperativeresearch.org/Corporate%20Profiles/halliburton.htm Center for Cooperative Research] says "Manipulating U.S. foreign policy isn¹t isn't the only strategy in Halliburton¹s repertoire of means to securing profits. Another method that has apparently proven extremely successful is doing business with the government and bidding on contracts financed by U.S. dominated bilateral and multilateral aid agencies. Although [[Dick Cheney]] had once lashed out at [[Joseph I. Lieberman]] saying that his success at Halliburton 'had absolutely nothing to do with' the government, the real facts have shown otherwise." Cooperative Research calls this practice '''[[corporate welfare]]'''. The organization gives a [http://www.cooperativeresearch.org/corporation/profiles/halliburton.html detailed listing] of Halliburton's business dealings in this regard.
"Even without the Cheney conflicts of interest, serious doubts remain about whether a company with a record like Halliburton's should even be eligible to receive government contracts in the first place. This, after all, is a company that has been accused of cost overruns, tax avoidance, and cooking the books and has a history of doing business in countries like Iraq, Iran and Libya." [http://www.citizenworks.org/corp/halliburton.php]
:This website emailed Mann, asking why she did not respond to BNF. She referred the site to Halliburton's statement. Norcross could be reached about whether any Halliburton or KBR execs have viewed the movie.
== Halliburton Company Subsidiaries subsidiaries ==
*[[Baroid]]<br>
*[[Bentonite]]<br>
Source: [http://www.cooperativeresearch.org/Corporate%20Profiles/halliburton.htm Halliburton profile], Cooperative Research. Also see ''[[Wikipedia]]'' [http://en.wikipedia.org/wiki/Halliburton list].
== Organizational Structure structure=='''Board of Directors:'''<ref>[http://www.halliburton.com/Default.aspx?navid=342&pageid==782 Board of Directors===], Halliburton, accessed February 2008.</ref>*[[Kathleen M. Bader]]*[[Alan M. Bennett]], Former Chief Financial Officer, [[Aetna]], Inc.*[[James R. Boyd]]*[[Milton Carroll]]*[[Robert L. Crandall]], Chairman Emeritus, AMR Corporation/[[American Airlines]], Inc.*[[Kenneth T. Derr]], Former Chairman of the Board, [[Chevron]] Corporation *[[S. Malcolm Gillis]]*[[W.R. Howell]], Chairman Emeritus, [[J. C. Penney]] Company, Inc. Director of American Electric Power Company, [[Exxon Mobil]] Corporation, [[Pfizer]] Inc. and the Williams Company*[[David J. Lesar]], Chairman and Chief Executive Officer of Halliburton Company*[[J. Landis Martin]] (James Landis Martin)*[[Jay A. Precourt]]*[[Debra L. Reed]], Director of [[Genentech]], Inc.  Former directors:
*[[Charles J. DiBona]]
*[[Lawrence S. Eagleburger]]
*[[W.R. Howell]]
*[[Ray L. Hunt]]
*[[David J. Lesar]], Chairman
*[[Aylwin B. Lewis]]
*[[J. Landis Martin]] (James Landis Martin)
*[[Jay A. Precourt]]
*[[Debra L. Reed]]
*[[C.J. Silas]]
*'''Corporate Officersand 2006 pay:''' <ref>[http://www.halliburton.com/aboutDefault.aspx?navid=343&pageid=789 Corporate Officers], Halliburton, accessed February 2008.</ref>*[[David J. Lesar]], Chairman and Chief Executive Officer of the Company, $15,295,787 (also exercised $14,688,122 in options)<ref>[http://www.forbes.com/finance/mktguideapps/personinfo/FromPersonIdPersonTearsheet.jhtml?passedPersonId=938023 David J Lesar], ''Forbes'', accessed February 2008.</execref>*[[Albert O. Cornelison, Jr.jsp]], General Counsel, $3,255,089<ref>[http://www.forbes.com/finance/mktguideapps/personinfo/FromPersonIdPersonTearsheet.jhtml?passedPersonId=917165 Albert O Cornelison Jr], ''Forbes'', accessed February 2008.</ref>*[[Mark A. McCollum]], Chief Financial Officer, $1,597,469 (also exercised $438,971 in options)<ref>[http://www.forbes.com/finance/mktguideapps/personinfo/FromPersonIdPersonTearsheet.jhtml?passedPersonId=900015 Mark A McCollum], ''Forbes'', accessed February 2008.</ref>
Former:*[[David JC. LesarChristopher Gaut]], PresidentChief Financial Officer, CEO$3,494,559<ref>[http://researchwww.businessweekforbes.com/business_summaryfinance/mktguideapps/personinfo/FromPersonIdPersonTearsheet.aspjhtml?SymbolpassedPersonId=HAL892062 C Christopher Gaut], ''Forbes'', accessed February 2008.</ref>
==='''PR Staff===staff:'''
*[[Cathy Mann]]
*[[Melissa Norcross]]
===Former PR staff===:
*[[Wendy Hall]]
== Contact Information information==Corporate office:<br>1401 McKinney St.Street<br>
Suite 2400<br>
Houston, TX. 77010<br>
<references />
== Related SourceWatch Resources resources ==
*[[corporate inversion]]
*[[Defense contractors]]
*[[war profiteering]]
== External Links links ==
===Profiles===
*[http://www.halliburtonwatch.org/ Halliburton Watch].
*Michael Scherer, [http://motherjones.com/news/featurex/2003/28/we_455_01.html "The World According to Halliburton,"] ''Mother Jones'', July 2003; uses flash mapping to identify 70 offshore offices, 12 tax havens, federal contracts, and subsidies.
===Trading with the Enemyenemy===
*Jeff Gerth and Don Van Natta, Jr., [http://www.corpwatch.org/news/PND.jsp?articleid=3049 "USA: In Tough Times, a Company Finds Profits in Terror War,"] ''New York Times'', July 12, 2002.
*Matthew Swibel, [http://www.forbes.com/global/2004/0419/041_print.html "Trading With the Enemy,"] ''Forbes'', April 19, 2004.
*[[Jason Leopold]], [http://www.commondreams.org/views05/0806-21.htm "Halliburton Secretly Doing Business with Key Member of Iran's Nuclear Team,"] ''Common Dreams'', August 6, 2005.
===Halliburton Relocation relocation to Dubai===
*Jon Steinman, [http://www.bloomberg.com/apps/news?pid=20601087&sid=ai79binkGVrI&refer=home "Questionable Iraq Contracts May Exceed $10 Billion (Update1),"] Bloomberg News, February 15, 2007.
*Karen Tumulty, [http://time-blog.com/swampland/2007/03/halliburtonomics.html?xid=rss-swampland "Halliburtonomics,"] ''Swampland'' / ''TIME'' Magazine/CNN, March 11, 2007.
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