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Halliburton plans move to Dubai

Discussion in 'Political Discussion' started by Terry Glenn is a cowgirl, Mar 17, 2007.

  1. Terry Glenn is a cowgirl

    Terry Glenn is a cowgirl Banned

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    Halliburton plans move to Dubai


    [​IMG] Critics said Halliburton was favoured by the Bush administration

    Halliburton, the oil services company formerly headed by US Vice-President Dick Cheney, is moving its headquarters from Texas to Dubai.


    The company said it hoped the move to the United Arab Emirates would help it expand its business in the Middle East.
    Halliburton won valuable contracts in Iraq following the US-led invasion of 2003, some of which were awarded without competitive bidding.
    The company also has extensive operations in Saudi Arabia.
    The oil giant will keep an office in Houston but the posts of chairman, president and chief executive will be based in Dubai.

    Chief Executive Dave Lesar, speaking at a conference in Bahrain, confirmed that he would be relocating.
    "As the CEO, I'm responsible for the global business of Halliburton in both hemispheres and I will continue to spend quite a bit of time in an airplane as I remain attentive to our customers, shareholders and employees around the world," he said.
    "Yes, I will spend the majority of my time in Dubai." In 2006, Halliburton made profits of $2.3bn on revenues of $22.6bn. Last month it announced a 40% decline in fourth-quarter profit.

    http://news.bbc.co.uk/1/hi/business/6440365.stm

  2. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    This has come up before, if you want more of this "great" company favored by this administration and all of the right wing yakkers, might want to check out this site:

    http://www.halliburtonwatch.org/
  3. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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  4. Fogbuster

    Fogbuster Rookie

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    I thought they already owned Dubai?!! Halliburton bought it with Dick Cheney as co-signer.




    Bada-BING!


    //
  5. wistahpatsfan

    wistahpatsfan Rookie

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    #75 Jersey

    Didn't Bush ever say something in a speech about Corporations leaving the US?
  6. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    Ask Karl, he knows what to say and when they have been said.
  7. wistahpatsfan

    wistahpatsfan Rookie

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    #75 Jersey

    Found this cool link to help track bills in Congress for those with too much time on their hands. I got up early ahead of the kids, so I was looking up bills that pertain to corporations dodging taxes (legally) by moving headquarters overseas while getting government contracts - some even no-look bids like Bush's buddies.

    http://www.pbs.org/now/politics/legislation.html

    Another good link list is here:
    http://www.thebermudaproject.com/
    This one is published by Arianna Huffington, so neo-cons can save time and ignore it as it may not fit your rump-swabbing agendas. Keep in mind that these corporate traitors, by leaving and blowing off their real tax obligations, cause a gap in revenues that pay for your wars and also lead to the tax increases we all know and love.
  8. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    Everybody hates them thats why they moved.
  9. Terry Glenn is a cowgirl

    Terry Glenn is a cowgirl Banned

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    I guess Dubai is the place to go...
  10. Real World

    Real World Moderator Staff Member

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    George Soros bought 2 million shares in the company at the end of last year.
  11. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    The "Tub Of Sh!t" Michael Moore owns Halliburton stock also, he usually dodges it or trys to deny it.
    ________________________________________
    Boycott CITGO.

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