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Halliburton
From Wikipedia, the free encyclopedia.
Halliburton Energy Services
Type Public (NYSE: HAL)
Founded 1919, Dallas, Texas by Erle Halliburton
Location Houston, Texas, operates in more than 120 countries
Key people Chairman, President and CEO: David J. Lesar
Industry Oil well Services & Equipment
Products Technical services to the petroleum industry; Construction
Revenue $20.466 billion USD (2004)
Operating income {{{operating_income}}}
Net income {{{net_income}}}
Employees 95,000 (2005)
Website www.halliburton.com
Halliburton Energy Services NYSE: HAL is a multinational corporation based
in Houston, Texas. With revenues exceeding $20.46 billion (U.S. FY 2004) and
over 95,000 employees, Halliburton operates in two major business segments.
The Energy Services Group provides technical products and services for oil
and gas exploration and production. The KBR group is a major construction
company of mainly refineries, oilfields & pipelines, and chemical plants.
Contents [hide]
1 Business Overview
1.1 Corporate Governance
2 History
2.1 1919 to 1990
2.2 1990s
2.3 2000s
3 Iraq Controversy
3.1 Revenues
3.2 Dick Cheney ties
4 Allegations of fraud
5 See also
6 External links
[edit]
Business Overview
Energy Services, the company's historical bedrock, includes: drilling &
formation evaluation, digital & consulting solutions, production volume
optimization, and fluid systems. This business continues to be profitable,
and the company is a world leader in this industry; Schlumberger is the
company's closest competitor.
With the acquisition of Dresser Industries in 1998, the Kellogg-Brown & Root
division (in 2002 renamed to KBR) was formed by merging Halliburton's Brown
& Root (acquired 1962) subsidiary and the M.W. Kellogg division of Dresser
(which Dresser had merged with in 1988). KBR is a major international
construction company, which is a highly volatile undertaking subject to wild
fluctuations in revenue and profit. Asbestos-related litigation from the
Kellogg acquisition caused the company to book over $4.0 (billion U.S.) in
losses from 2002 through 2004.
As a result of the asbestos-related costs, Halliburton lost approximately
$900 million U.S. a year from 2002 through 2004. A final non-appealable
settlement in the asbestos case was reached in January 2005 which allowed
Halliburton subsidiary KBR to exit Chapter 11 bankruptcy and returned the
company to quarterly profitability.
At a meeting for investors and analysts in August 2004, a plan was outlined
to divest the KBR division through a possible sale, spin-off or initial
public offering. Analysts at Deutsche Bank value KBR at up to $2.15 billion,
while others believe it could be worth closer to $3 billion by the time
management decides what to do with the business in 2005.
[edit]
Corporate Governance
Current members of the board of directors of Halliburton are: Robert
Crandall, Kenneth T. Derr, S. Malcom Gillis, W.R. Howell, Ray Hunt, David
Lesar, J. Landis Martin, Jay Precourt, and Debra Reed.
[edit]
History
[edit]
1919 to 1990
Mr. and Mrs. Erle P. Halliburton first tried to find work cementing oil
wells in Burkburnett, Texas then moved their business (New Method Oil Well
Cementing Company) to the Healdton field near Ardmore, Oklahoma.
1920: reorganized - Halliburton Oil Well Cementing Company
1921: headquarters - Duncan, Oklahoma
1924: incorporation
1948: New York Stock Exchange listing
1957: acquisition of Welex Jet Services of Fort Worth, Texas
1960: name shortened to Halliburton Company
1961: headquarters - Dallas, Texas
1962: acquisition of Brown and Root of Houston, Texas
198?: acquisition of Geosource
1982: workforce - 115,000
1982: energy industry decline
1988: acquisition of Geophysical Service Incorporated from Texas Instruments
1988: Halliburton Logging Services
1991: workforce - 73,000
[edit]
1990s
In the aftermath of Operation Desert Storm in Kuwait in 1991, Halliburton
crews helped bring 320 burning oil wells under control.
In the early 1990s Halliburton was found to be in violation of federal trade
barriers in Iraq and Libya, having sold these countries dual-use oil
drilling equipment and, through its former subsidiary, Halliburton Logging
Services, sending six pulse neutron generators to Libya. After having
pleaded guilty, the company was fined $1.2 million, with another $2.61
million in penalties.
In the Balkans conflict in the 1990s, KBR supported U.S. peacekeeping forces
in Bosnia, Croatia and Hungary with food, laundry, transportation and other
lifecycle management services.
In 1995 Dick Cheney became chairman and CEO
In 1998 Halliburton merged with Dresser Industries, which included Kellogg.
[edit]
2000s
On 10 April 2001 the Dresser division (excluding the former Kellogg
division) entered an agreement to separate itself once again from
Halliburton by management purchasing its equity, the new company to be
called Dresser Inc.
In 2001 it was reported by The Wall Street Journal that a subsidiary of
Halliburton Energy Services called Halliburton Products and Services Ltd.
opened an office in Tehran. The company, HPS, operated "behind an unmarked
door on the ninth floor of a new north Tehran tower block." Although HPS was
incorporated in the Cayman Islands in 1975 and is "non-American", it shares
both the logo and name of Halliburton Energy Services and, according to Dow
Jones Newswires offers services from Halliburton units world-wide through
its Tehran office. Such behaviour, undertaken while Cheney was CEO of
Halliburton, may have violated the Trading with the Enemy Act. A Halliburton
spokesman, responding to inquiries from Dow Jones, said "This is not
breaking any laws. This is a foreign subsidiary and no US person is involved
in this. No US person is facilitating any transaction. We are not performing
directly in that country." No legal action has been taken against the
company or its officials.
In 2002, Judicial Watch, a public action lawfirm, filed suit on behalf of
shareholders against Halliburton, its current and former directors, and its
accounting firm, Arthur Andersen LLP and Arthur Andersen Worldwide, for
alleged accounting irregularities, said to be profit inflation by accounting
for cost overruns as revenue. The U.S. Securities and Exchange Commission
(SEC) investigated the same issue. Halliburton counters that the practice
was approved by its accounting firm, Arthur Andersen, and conforms to
generally accepted accounting practices. In August, 2004, Halliburton paid a
$7.5 million fine to settle the issue.
In April 2002, KBR was awarded a $7 million contract to construct steel
holding cells at Camp X-Ray. More recently, the subsidiary was awarded a
no-bid contract to conduct oil well firefighting in Iraq worth an estimated
$1 billion. In May 2003, Halliburton's role under contract with regard to
Iraqi oilfields was expanded to include "operation of facilities and
distribution of products". [1]
In May 2003, Halliburton revealed in SEC filings that its KBR subsidiary had
paid a Nigerian official $2.4 million in bribes in order to receive
favorable tax treatment. [2] [3]
As of 2003, Halliburton was still operating in Iran. CNN, in a report
entitled "US companies are operating in Iran despite sanctions," reported
that a Halliburton spokesperson told the news agency that HPS helps Iran
build oil rigs in the country's south.
In September 2005, under a competitive bid contract last it won in July of
2005, to provide debris removal and other emergency work associated with
natural disasters, KBR started assessment of the cleanup and reconstruction
of Gulf Coast U.S. Marine and U.S. Navy facilities that were damaged in the
aftermath of Hurricane Katrina. The facilities include: Naval Air Station
Pascagoula, Naval Station Gulfport, Stennis Space Center in Mississippi, two
smaller U.S. Navy facilities in New Orleans and others in the Gulf Coast
region. KBR has had similar contracts for more than 15 years.
[edit]
Iraq Controversy
Wikinews has news related to this article:
Civilians testify to Halliburton fraud, coercionToday KBR employs over
30,000 men and women in Iraq. Halliburton's work in Iraq is diverse and
complicated. In addition to troop support, Halliburton also provides air
traffic control support; produces 74 million gallons of water a month for
consumption, hygiene and laundry; deploys as many as 700 trucks a day to
deliver essentials to American forces; and provides firefighter and
crash-rescue services, as well as working to restore Iraqi oil
infrastructure.
Halliburton is the only company mentioned by Osama bin Laden in an April
2004 tape in which he claims that "this is a war [in Iraq] that is
benefiting major companies with billions of dollars."
[edit]
Revenues
Despite allegations of cronyism, the company's contracts in Iraq are much
less profitable than its core energy business. They are expected to have
generated more than $13 billion in sales by the time they start to expire in
2006, but most offer low margins - less than 2% on average in 2003 and just
1.4% this year for the logistics work.
Despite uncited low margins, the company's stock value has gone from $9 in
mid-2002 all the way up to $69 as of late-2005. Yearly revenues as of
December 31st 2002 were $12.5 billion, and as of December 31st 2004
Halliburton revenues have climbed to $20.5 billion. (Yahoo Finance)
KBR has contracts in Iraq worth up to $18 billion, including a single no-bid
contract known as "Restore Iraqi Oil" (RIO) which has an estimated worth of
$7 billion.
An audit of KBR by The Pentagon's Defense Contract Audit Agency (DCAA) found
$108 million in "questioned costs" and, as of mid-March 2005, said they
still had "major" unresolved issues with Halliburton.
[edit]
Dick Cheney ties
In recent years the company has become the center of many controversies
involving the 2003 Iraq War and the company's ties to US Vice President Dick
Cheney.
Bill Gertz, defense reporter for The Washington Times, wrote: "Vice
President Dick Cheney was chief executive officer of Halliburton from 1995
until 2000, and Democrats repeatedly have tried to link the administration
to claims of government favoritism toward the firm." [4].
Cheney retired from the company during the 2000 U.S. presidential election
campaign with a severance package worth $20 million.
Cheney's deferred compensation from Halliburton, which appeared on his 2001
financial disclosure statement, generated an income between $50,000 to
$100,000. Cheney also retains 433,000 share-equivalent unexercised stock
options at Halliburton.
On the question of Cheney's deferred compensation from Halliburton,
officials of the Bush-Cheney campaign said that before entering office in
2001, Cheney bought an insurance policy that guaranteed a fixed amount of
deferred payments from Halliburton each year for five years so that the
payments would not depend on the company's fortunes. The officials also said
he had promised to donate to charity any after-tax profits he made from
exercising his stock options. These steps are not unusual for corporate
executives who enter government.
[edit]
Allegations of fraud
Allegations of fraud by Halliburton, specifically with regard to its
operations in Iraq, have persisted since before the Iraq War. The
associations between Cheney and Halliburton had led many to speculate with
regard to improprieties and profiteering from the war.
On June 27, 2005, the Democratic Party held a public committee, aired on
C-SPAN 3, at which former civilian employees based in or administering
operations in Iraq, testified to specific instances of waste, fraud, and
other abuses and irregularities by Halliburton and its subsidiary Kellogg,
Brown and Root (KBR).
Among the senators and representatives present at the hearing were Byron
Dorgan (presiding), Henry Waxman, Frank Lautenberg, and Mark Dayton.
Among those testifying were Bunny Greenhouse, former Chief Contracting
Officer of the U.S. Army Corps of Engineers, Rory Mayberry, former Food
Program Manager for Halliburton subsidiary, and Allan Waller, of the
Lloyd-Owen International security and operations firm.
Greenhouse, who provided the bulk of testimony, spoke for several minutes
about her involvement in the evaluation and crafting of government Army
contracts, and explaining how her superiors undermined and dismissed her
concerns of illegal business practices. "Ultimately my main concern was the
repeated insistence RIO contract be awarded to KBR without competitive
bidding," Greenhouse said. She testified to have been given misinformation
in answer to her complaints, saying she was "overtly misled."
Mayberry, still in Iraq, testified by video from questions prepared by the
committee. He said that KBR routinely sold expired food rations to the Army.
The recorded interviewer asked, "Are you saying that Halliburton
deliberately falsified the number of meals they prepared and then submitted
false claims for reimbursement and that they did this to make up for past
amounts auditors had disallowed?" Mayberry firmly answered "yes." He said
that serving expired food rations was "an everyday occurrence, sometimes
every meal." He also explained that Halliburton systematically overcharged
for the number of meals as well, saying, "they were charging for 20,000
meals and they were only serving 10,000 meals." Dorgan later commented,
"obviously there's no honor here, by a company that would serve outdated
food to our troops in Iraq."
Halliburton and its subcontractors contend that billing discrepencies for
the dining facilities stemmed from interpretive differences in their
contracts, which required them to be prepared to serve a minimum number of
meals per day. When they billed for these minimum numbers however, the DCAA
countered that they should only be required to pay for meals served. Of the
over $200 million in question, $51 million was eventually retained by the
U.S. Army Field Support Command.
Mayberry also claimed would-be whistleblowers were threatened "to be sent to
Fallujah" and other "places under fire" if they talked to media or
governmental oversight officials. In 2003 and 2004, Fallujah had been well
known as dangerous for foreign troops and civilians. "I personally was sent
to Fallujah for three weeks. The manager told me that I was being sent away
until the auditors were gone, because I had talked to the auditors,"
Mayberry said.
"The threat of being sent to a camp under fire was their way of keeping us
quiet. The employees who talked to auditors were sent to camps under more
fire than other camps, and Anaconda." This report led Dorgan and others to
voice considerable outrage.
Allan Waller testified to specific examples of how KBR officials had
conspired in blocking of Lloyd-Owen fuel transports, and using other
coercive means against its competitor. British based Lloyd-Owen has a direct
contract with the Iraqi government to provide fuel to various parts of the
country.
In his introductory remarks, Dorgan explained that Senate Republicans had
blocked any attempts at having a formal bi-partisan hearing, resulting in a
separate committee.
The following is a list of subsidiaries, affiliates, branches, brands and
divisions of Halliburton Co.
Adute Pty Ltd. (Australia)
AOC Services Limited - (Jersey, tax haven)
Antilles Dresser-Rand (tax haven)
Avalon Financial Services, Ltd. (Cayman Islands, tax haven)
Axelson
Baroid Caribbean Limited Brown & Root (Overseas) Limited - (Jersey, tax
haven)
Baroid CIMBAR
Baroid Drilling Inc
Baroid Drilling Fluids
Baroid Drilling Fluids/Plant
Baroid Filtration
Baroid Halliburton Offshore Services Inc.
Baroid IDP
Baroid of Nigeria Limited
Baroid Pigmina Industrial E Comercial Ltda
Baroid Plant
Baroid Solids Control
Baroid Tesoro Coastwide Svcs
Baroid Warehouse
Beheersmaatschappij Van Aandelen In Textielverwerkende O (Netherlands)
Bentonite Performance Minerals
Bitc (Us) Llc
Bitc Holdings (Us) Llc
Bredero Price Holding Bv (Netherlands)
Breswater Marine Contracting Bv (Netherlands)
Brown & Root
Building Co
Cayman Holdings, Inc.
Condor Spa (Algeria)
Construction Pty Ltd. (Australia)
Environmental
FWENC
Government Services
Industrial Services
Log Jamss
Skoda s.r.o.
Caspian Transco Inc. (Cayman Islands, tax haven)
Cebar Sdn Bhd (Brunei Darussalam)
C.I. Limited (Cayman Islands, tax haven)
Cimbar Performance Mnrl Division
CNOOC-Otis Well Comp Services Ltd
Consorcio Contrina Snc (France)
Corporacion Mexicana De Mantenimiento Integral Sde Rl De Cv (Mexico)
Db Stratabit Gmbh (Germany)
Deveron Facility
Devonport Management Limited
DII Industries
Dorhold Ltd. (United Kingdom)
Downhole Motor Services
Energy Services Group
Falcon AFB Contract Mgmt Logistics Inc
Fann Instrument
G&H Management Llc (United States)
Georgetown Finance Ltd. (Caymans Islands)
Goddard SFC JOC
Granherne Limited
Granherne Pty Limited
Grove Foreign Sales Corp. (Barbados, tax haven)
Grove-Tk Ltd. (United Kingdom)
Guiberson AVA
Guiberson Oil Tools
GVA Consultants AB
Halliburton Acquisition Company
Halliburton Afrique S.N.C.
Halliburton Argentina S. A.
Halliburton Australia
Halliburton Aviation Division
Halliburton Baroid
Halliburton Baroid Singapore
Halliburton Benefits Center
Halliburton Brunei
Halliburton BV (Netherlands)
Baroid
Security DBS
Sperry Sunn
Halliburton Camp Facility
Halliburton Canada Inc.
Halliburton Canada/Guiberson
Halliburton Company Austria G.m.b.H.
Halliburton Company Germany GmbH
Halliburton Company, Saudi Arabia Branch
Halliburton Company/Tax Department
Halliburton del Peru SA
Halliburton de Venezuela SA
Halliburton Denmark A/S
Halliburton Energy Development (Kazakhstan) (Cayman Islands, tax haven)
Halliburton Energy Services
DEG
Jet Research Center
Training
Sdn Bhd
Special Services
Technology Center
Warehouse
Well Control
Halliburton Far East Pte Ltd
Halliburton Geophysical Services (Cayman Islands, tax haven)
Halliburton Global Account Management - ENI
Halliburton Indonesia
Halliburton Italiana S.p.A.
Halliburton Latin America SA
Base Neiva
Base Yopal
Bodega Sperry Sun
Division Landmark
Laboratorio Baroid
Halliburton Limited
Halliburton Landmark
Halliburton Logging Services
Halliburton Logging Svcs do Brasil-Serviços
Halliburton Machine Shops
Halliburton Manufacturing & Services Limited
Halliburton Measurement Systems
Halliburton Mfg de Venezuela
Halliburton National Institutes of Health
Halliburton Nigeria Limited
Halliburton Oilfield Services India Limited
Halliburton Oil Services Vietnam Ltd
Halliburton Overseas Limited
Halliburton Papua New Guinea
Halliburton Reservoir Services
Halliburton SAS - Paris
Halliburton SAS - Pau
Halliburton SAS/PES - Pau
Halliburton Security DBS
Halliburton Shell Project
Halliburton Sperry-Sun Tunis
Halliburton Subsea
Halliburton Travel Division
Halliburton Trinidad Limited
Halliburton Jet Research Center
Halliburton West Africa Ltd. (Cayman Islands, tax haven)
Halliburton Westport Tech Ctr
Hall/William Mercer Ltd-Pension
Halson Financial Svcs. (Cayman Islands, tax haven)
Hanson Division
Harbison - Walker Rfctories Division
Hbr Energy, Inc.
Hbr Nl Holdings, Llc
Hed (Indonesia), Inc.
Hellenic Shipyards
Hes Corp.
Hes Holding, Inc.
Hes Mexico Holdings, Llc
Hes Oilfield Operations (Nigeria), Inc.
Hewitt Associates
HGS enterprises Inc. (Panama, tax haven)
HLS Asia Limited
Hobbymarkt Capelle Bv (Netherlands)
Hobbymarkt Capelle De Mexico, Sa De Cv (Mexico)
Howard Humphreys (T) Ltd
Industrial Instrument Division
International Admin. Svcs. (Cayman Islands, tax haven)
International Oil Field Engr. (Cayman Islands, tax haven)
Ipem Developments Ltd. (United Kingdom)
Kellogg, Brown and Root (KBR)
Americas (BRES)
Amoco
Atco
Balden
Bonney Island
Braun
Caldwell
Cardinal
Caledonia Ltd.
Celanese
Chatman
Ciba
Collins
Contrina
Contrina de Jose
Dunbar
DuPont
DYKES
Eastman
Edmonton
Environfuels
Exxon Chem
Exxon/Mobil
Far East Pte Ltd
Fort Benning JOC
Georgia Pac
Gonzales
Joe D Hughes
John Aylward
KBRCMSB
Optimum Group
Phenol-Maintenance
Philip Morris
QGPC Project
Shell Chem
Sincor
Sonatrach
Tampa Electric
Tanura
Technip-Q-Chem Project
TECSA
Tokyo Representative Office
Union Carbide
Wake
Weyerhaeuser
Kellogg-Chiyoda Services (Cayman Islands, tax haven)
Kellogg Joint Venture
Kinhill Kramer (Vanuatu, tax haven)
Kinhill Kramer (Solomon, tax haven)
Landmark Concurrent Solusi Indonesia
Landmark Graphics Corporation - www.lgc.com
GeoGraphix - www.geographix.com
Global Account Management - ENI
Munro-Garrett International Ltd
Paris
Petrodata
Laut OAC Sdn Bhd
LMK Resources (Halliburton's Landmark Graphics Division acquired its
majority interest in 2001)
Magic Earth, Inc.
Mashhor Well Services Sdn Bhd (Brunei Darussalam)
Masoneilan International, Llc
Measurement & Controls
Metro Fast Track II
M I Drilling Fluids
MW Kellogg Limited
MWKL Field Services (Cayman Islands, tax haven)
New Iberia Threading Machining
NUMAR Corporation -Sales
NUS Laboratory
Oilfield Innovations, Cv (Netherlands)
Oilfield Services Receivable Corp.
Omega Pump
Otis Marine Maintenance Division
Overseas Administration Servcs (Cayman Islands, tax haven)
Paragon Engineering Svcs Inc
Petrodata As (Norway)
Petroleum Engineering Services Norge As (Norway)
Petroleum and Industrial Maintenance Co. Ltd (Cayman Islands, tax haven)
Professional Resources Ltd. (Bermuda, tax haven)
Promzona 40, UPTOK Usinskstroi
Property and Casualty Insurance
P.T. Baroid Indonesia
P.T. Halliburton Indonesia
P.T. Indokor Sperry-Sun
Pump Division
Rockwater Holdings Ltd. (United Kingdom)
Rockwater Ltd. (United Kingdom)
Rotary Brown & Root
Saudi Halliburton Logging Llc (Saudi Arabia)
Seaforth Maritime Ltd. (United Kingdom)
Security DBS
Security DBS (MEM) E.C. (Bahrain, tax haven)
Security Rock Bits & Drlg Tls
Service Employees Int'l Inc. (Cayman Islands, tax haven)
Servicios Halliburton de Venezuela SA
Shaw International Ltd. (Barbados, tax haven)
Sperry-Sun
Sperry Sun Saudi Company Ltd. (Saudi Arabia)
Studebaker Worthington (U.K.) Ltd. (United Kingdom)
Subsahara Serivces Inc.
Sub Sea Offshore (Holdings) Ltd. (United Kingdom)
Subsea 7 - www.subsea7.com (Halliburton's 50% share in Subsea 7 was sold to
Siem offshore in 2005)
Swaco Geolograph
Waterloo Plant & Sales Office
Waukesha Engine Division
Wayne Division
Wellstream Inc.
Wellstream Ltd. (United Kingdom)
Western Geophysical Services
Westport Technology Center Intl
Wheatley Valve Division
Vann Systems: now called Perforating Solutions
Zone Industrial Halliburton EDF
--
Dalla sura * della Conversione*..............
"Combattete coloro che non credono in Allah e nell'Ultimo Giorno, che non
vietano quello che Allah e il Suo Messaggero hanno vietato, e quelli, tra la
gente della Scrittura che non scelgono la religione della verità, finchè
non versino umilmente il tributo, e siano soggiogati" (Sura 9:29).
"Se non vi lancerete nella lotta, Allah vi castigherà con doloroso castigo e
vi sostituirà con un altro popolo, mentre voi non potrete nuocergli in
nessun modo" (Sura 9:39).
"Uccidete gli idolatri ovunque li troviate, fateli prigionieri, assediateli
e combatteteli con ogni genere di tranelli" (Corano 9,5).
"Combatti quelli che non credono in Allah... combattete finchè non paghino
con umiliazione il tributo" (Corano 9,29).
Cad Ali
A Dallas le compagnie sussidiarie dell'esercito.
Kellogg, Brown and Root
From Wikipedia, the free encyclopedia.
Kellogg, Brown and Root is an American engineering and construction company,
a private military contractor and a subsidiary of Halliburton. After
Halliburton acquired Dresser Industries in 1998, Dresser's engineering
subsidiary, M.W. Kellogg, an engineering contractor begun as a pipe
fabrication business by Morris W. Kellogg in 1900 and acquired by Dresser in
1988, was merged with Halliburton's construction subsidiary, Brown and Root,
to form Kellogg, Brown, and Root.
The legacy of Brown and Root, has had many contracts with the U.S. military
during the 2003 invasion of Iraq, as well as during World War II and the
Vietnam War.
Contents [hide]
1 History
2 Political connections
3 Activities in Iraq
4 Changes to conditions of employment imposed on UK staff
5 Legacy in Houston
[edit]
History
Brown and Root was founded in Texas in 1919 by two brothers, George R. Brown
and Herman Brown with money from their brother-in-law, Dan Root. The company
began its operations by supervising the building of warships for the U.S.
Navy.
One of its first large-scale projects, according to the book Cadillac
Desert, was to build a dam on the Texas Colorado River near Austin during
the Depression years. For assistance in federal payments, the company turned
to the local congressman, Lyndon Baines Johnson.
During World War II, Brown & Root built the Corpus Christi Naval Air Station
and a series of warships for the U.S. Government.
In 1947, Brown & Root built one of the world's first offshore platforms.
Following the death of Herman Brown, Halliburton acquired Brown & Root in
December 1962. According to Dan Briody, who wrote a book on the subject,
the company became part of a consortium of four companies that built about
eighty-five per cent of the infrastructure needed by the Army during the
Vietnam War.
At the height of the war resistance movement of the '60s, Brown & Root was
derided as "Burn & Loot" by protesters and soldiers.
In September 2005, Under a competitive bid contract last it won in July of
2005, to provide debris removal and other emergency work associated with
natural disasters, KBR started assessment of the cleanup and reconstruction
of Gulf Coast U.S. Marine and U.S. Navy facilities that were damaged in the
aftermath of Hurricane Katrina. The facilities include: Naval Air Station
Pascagoula, Naval Station Gulfport, Stennis Space Center in Mississippi, two
smaller U.S. Navy facilities in New Orleans and others in the Gulf Coast
region. KBR has had similar contracts for more than 15 years.
[edit]
Political connections
Brown and Root had a well-documented relationship with U.S. President Lyndon
Johnson which began when he used his position as a Texas congressman to
assist them in landing a lucrative dam contract. In return they gave him the
funds to "steal" the 1948 senate race from the popular Coke R. Stevenson.
The relationship continued for years, with Johnson funneling dozens of
military construction contracts to B&R.
U.S. Vice President Richard B. Cheney was chairman and chief executive
officer of Halliburton from 1995 to 2000. He has been accused by political
enemies of initiating the 2003 invasion of Iraq and providing work to KB&R
under contingency contracts to financially benefit himself and his business
associates.
These allegations are only partially based in fact.
The contract that KBR won from the US Army in a competitive bid process
falls under the domain of LOGCAP (Logistical Civilian Augmentation Program)
and is managed by the US Army.
It is a contingency based contract which is invoked at the convenience of
the US Army.
When the contract was invoked during the Balkans crisis there was no
controversy and very litte scrutiny of the contract.
KBR performed under this agreement in the Balkans for over 10 years and
still maintains a LOGCAP presence there to this day.
It was only after the OIF invasion that the LOGCAP contract became a
political issue.
[edit]
Activities in Iraq
[edit]
Changes to conditions of employment imposed on UK staff
Late in 2004, KBR announced that due to $1bn losses over the past four
years, it needed to make annual savings to its cost base of $80-100m.
Despite repeated assurances that the pain would be shared world-wide,
changes to staff terms and conditions (primarily longer hours for no extra
pay) were imposed mainly on its UK offices, primarily in Leatherhead and
Aberdeen. Staff who refused to sign the new terms and conditions were fired
with effect from 31st March, 2005. Although some concessions were made very
late in the process when the level of discontent became clear, the strategy
backfired as many key staff members left as a result, leaving some
departments with severe staff shortages.
Many former staff remain in legal dispute with the company relating to the
manner in which the process was carried out.
Capito mercenari senza straordinari.
Poco businnes in Irak
Saluti Cad Ali'
ubaldo
"Cad Ali" <cad-...@libero.it> ha scritto nel messaggio news:5NYvf.33798
>
> A Dallas mori' qualcuno ricordate?
>
Elvis ?
The bastard son of Johnny Cash
news:43c15990$0$333$5fc...@news.tiscali.it...
>
> "Cad Ali" <cad-...@libero.it> ha scritto nel messaggio news:5NYvf.33798
>>
>> A Dallas mori' qualcuno ricordate?
>>
>
> Elvis ?
*** No, Mike Elizondo, il predicatore dell'astinenza. Colpa delle
cheerleaders dei Dallas Cowboy.
http://tinypic.com/jt2bma.jpg
http://tinypic.com/jt2c5s.jpg
http://tinypic.com/jt2cgl.jpg
http://tinypic.com/jt2d8g.jpg
http://tinypic.com/jt2cqr.jpg
Era una battaglia persa in partenza... pover'uomo...
--
Cheers
Aleks