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Does Halliburton get favored treatment?

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posted on Nov, 27 2004 @ 11:32 PM
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Cheney, the VP of the USA had a nice employment contract with Halliburton.

from Findlaw.com
ARTICLE 2: COMPENSATION AND BENEFITS:

2.1. For the period between the Effective Date and December 31, 1995, Employee's base salary shall be $250,000.00 which shall be paid in accordance

- Page 2 -

with Employer's standard payroll practice for its executives commencing with the payroll period beginning October 1, 1995. Thereafter, Employee's base salary during the Term shall be not less than $1,000,000.00 per annum which shall be paid in accordance with the Employer's standard payroll practice for its executives.

2.2. Employee shall be entitled to a bonus of $150,000.00 for the period
between the Effective Date and December 31, 1995 provided he remains employed by the Employer during the entirety of such period. Such bonus shall be payable in a single lump sum payment as soon as practicable following December 31, 1995.
Beginning in 1996 and for the remainder of the Term, Employee shall participate in Employer's Annual Reward Plan or such similar incentive arrangement as may be mutually agreeable to Employee and Employer.

2.3. As of the Effective Date, the Employer shall grant to Employee
under the Halliburton Company 1993 Stock and Long-Term Incentive Plan a nonqualified stock option to purchase up to 200,000 shares . . .

1995 dollars too. The link has the full contract. Also, this link lists many other contracts Halliburton has had during the period 1995 to 2001.

One needs to remember that the list at the second link does NOT show the contracts had or held by Halliburton subsidiaries, some of which are very large.

Based on the above and other knowledge of Halliburton is it any wonder then that the FBI is interviewing a Halliburton whistleblower?

WASHINGTON (AP) - FBI agents recently spent a day interviewing the Army contracting officer who raised concerns that the Pentagon improperly awarded contracts without competition to Halliburton Co., Vice President Dick Cheney's former company.

The Army Corps of Engineers contract officer, Bunnatine Greenhouse, was interviewed last week and now is gathering documents requested by the FBI and Army criminal investigators, her lawyer said Wednesday.

"They questioned her about all of her concerns, and they asked questions regarding potential involvement of people at higher-level positions," attorney Michael Kohn said in an interview.

Makes me wonder who the beneficiary of her life insurance is.




posted on Nov, 28 2004 @ 02:04 PM
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I do not believe that they get any special treatment from the government.

If anybody gets special treatment, it's Jimmy Carters peanut company!!!



posted on Nov, 28 2004 @ 05:38 PM
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On a serious note, you have to ask yourself not just about how contracts are awarded to cronies at the outset... but also what happens in case of piss-poor performance and whether the company and its subsidiary is given favorable treatment at that level, or whether performace clauses are actually enforced...


Audit: Halliburton lost track of U.S. property in Iraq
Posted 11/27/2004 9:25 AM Updated 11/27/2004 10:58 AM

WASHINGTON (AP) — A third or more of the government property Halliburton Co. was paid to manage for the U.S.-led Coalition Provisional Authority in Iraq could not be located by auditors, investigative reports to Congress show.

Halliburton's KBR subsidiary "did not effectively manage government property" and auditors could not locate hundreds of CPA items worth millions of dollars in Iraq and Kuwait this summer and fall, Inspector General Stuart Bowen reported to Congress in two reports.

Bowen's findings mark the latest bad news for Vice President Dick Cheney's former company, which is the focus of both a criminal investigation into alleged fuel price gouging and an FBI inquiry into possible favoritism from the Bush administration.

The Associated Press reported Wednesday that FBI agents have extensively interviewed an Army contracting officer who last month went public with allegations that the Bush administration was improperly awarding contracts to Halliburton without competitive bidding.

Halliburton and the Pentagon deny wrongdoing, and say they are cooperating in all investigations.


So, do wrong then deny wrongdoing. If you get away with it, then for sure you are getting favorable treatment.

We can foresee jail terms not just for Bush administration players but also for crony company CEOs within five years.



posted on Nov, 28 2004 @ 06:54 PM
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Originally posted by MaskedAvatar
We can foresee jail terms not just for Bush administration players but also for crony company CEOs within five years.


Maybe not- remember American President's Nixon and Clinton? One was pardoned and other issued pardons.

Cheney has no worries. It is not conservative/liberal, it is taking care of friends. this is one of the upsides to relationships. (downside if you are on the losing side)



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