BestOfBid.com
Did you hear Haliburton is moving to Middle East?
"..On Saturday, Halliburton CEO Dave Lesar announced that the conglomerate's headquarters would move from Houston to Dubai, a booming city in the United Arab Emirates known for its liberal tax and residency laws. Lesar said the company's business was now largely based in the Middle East and Asia. Halliburton, which was headed by Vice President Dick Cheney from 1995-2000, received several lucrative no-bid government contracts to manage the reconstruction of Iraq following the U.S.-led invasion there. Last month, federal investigators alleged Halliburton was responsible for $2.7 billion of the $10 billion in contractor waste and overcharging in Iraq. In 2006, Halliburton earned profits of $2.3 billion on revenues of $22.6 billion." http://news.yahoo.com/s/ap/20070312/ap_on_el_pr/on_the2008_trail Any doubt whom Bush and Cheney have been working for all along? http://video.google.com/videoplay?docid=-6708190071483512003&q=911
Public Comments
- Given that most of Haliburton business is going to be in that part of the world in the foreseeable future, it makes good business sense....a bit like News Corporation moving from Australia to the US.
