Halliburton reportedly agrees to pay Nigeria $250 million to drop bribery charges against Cheney, fi

Halliburton reportedly agrees to pay Nigeria $250 million to drop bribery charges against Cheney, firm

www.rawstory.com...

The massive industrial conglomerate Halliburton has reportedly offered to pay $250 million to settle charges against its former chief executive, ex-Vice President Dick Cheney, in a multi-million dollar bribery case.

(visit the link for the full news article)

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The $250 million figure would include a direct $130 million fine by the company and an agreement to repatriate another $120 million from Switzerland.

Representatives for Cheney and Halliburton met with Nigerian officials in London over the weekend.

Heres the math:
6 billion dollar contract for a refinery minus.....
$180M+$250M+$382M+$402M+$177M=$1.391 Billion paying various bribes and fines.

$6 Billion-$1.391 Billion=$4.689 Billion profit.

Should be filed under what is "not being reported on the news"



www.rawstory.com...
(visit the link for the full news article)

Great, more cash going to corruption instead of justice.

I wish people would stop painting Halliburton with this "evil empire" paint brush.

its the most silly over burocratic company in the universe. Chenney AND KBR (the construction division that had corrupt managers) have been long gone out of Halliburton for 10 years?

Halliburton as it is now, is an oil field services company... not a very good one too. Halliburton buys other profiting oilfield companies and uses the profits to prop up the failing cementing side of Halliburton... because Halliburton was originally a cementing company.

The company isnt capable of being an evil empire... lol! its just like any other useless-over-managed-profits-first-employees-second-run-by-accountants" company!

haha! even some of their Country Managers havent even worked on a drilling rig...

Above link does not work.

Wouldn't their offer, constitute another bribery charge?

reply to post by Velocismo


Yes, we all know about Halliburton buying Boots & Coots days before the GOM disaster. No corruption there ...

I dont think you quite understand how Halliburton works...

Its not a "Mr Burns sitting in his huge office with 1000s of minions" type of place where one man makes all the decisions, by himself, in a locked room.

Halliburton is constantly buying (and then gutting) other oilfield companies

The management rolls over faster than mcdonalds and they get relocated all over the world... for years. they are an over bloated beucracy... i can think of buildings that 70% of the employees chatting to friends on the phone or playing solitare while 30% are working their asses off...

The only credit halliburton has to its name is the sheer number of field hands / workers that sacrifice their lives and mortgage their families all for a paycheck.

Ask me how much i make and how often i am home...

Im not defending them... i just hate it when they get "credit" for being this huge evil genius empire"... it aint like that at all...

Believe me.

Originally posted by DIDtm
Above link does not work.

Wouldn't their offer, constitute another bribery charge?

I think the link is fixed. Thanks.

Yes that could be described as a "bribe" or "kickback". I think Halliburton would prefer to call it a "fine".

Blows my mind that this story is not being picked up!

I think the joke is "They overpaid..." you know for Dick Cheney and his machine heart!

Originally posted by Velocismo
i can think of buildings that 70% of the employees chatting to friends on the phone or playing solitare while 30% are working their asses off...

Do you know if they have any vacancies in the 70% section ?

I know sod all about drilling oil.

classic, haliburton is going to bribe Nigerian corporations and government with 250 million dollars to drop bribery charges.

reply to post by Leo Strauss


Actually this is the math that is used for all corporate bad boy deals, thus the reason there is so much red tape and legal garbage ...... they do what they want to, you then get to take them through the legal mess called justice.
Then in a couple years they whole time they continue to make BILLIONS ..... you get them in court or to a settlement offer of a few millions.


Yes we live in a just and equal system......


Ohhhh forgot to mention the tax payer gets to pay for the legal fees, TAX BREAKS for the corporations remember ....

The way I read the news post was the Halliburton is paying reparations to Nigeria for trying to bribe officials in Nigeria. They have already paid what they owed to the US Gov't but those payments have to be paid to Nigeria as well. I am active duty military and have to say that every KBR employee I have ever met in far away places have gone above and beyond their call of duty to make sure we were as comfortable as possible while fighting the enemy whether imagined or real.

I had to read the headline twice because I couldn't believe what I was reading. I guess it's never ok to bribe an individual but always ok to bribe an entire government. I would guess they'll just split the $250M equally amongst themselves. Seems very much like... um... Mafia-style Socialism. Nice!

anyone who thinks Halli is not a currupt companie should not be here.

IMHO
the settlement is a bribe pay out
this way they get to do it right in front of everyone
and get away with it

so they have basically admitted to being guilty, bit like what michael jackson did once and tried to do a second time. surely this guys days are numbered, there must be a lot of people in the world who want him dead.

reply to post by kozmo


Yes it is high comedy and we pay the bill.

"My client is frankly appalled by these charges and was wondering how much to make them go away??"
or
"Bribery whadaya tawlkin about we hadda deal!"

Bribery makes the world work. Here we are in all our civilized umbrage outraged at bribery. Most of the world doesn't feel that way and never has. I was just at a Jordanian/Israeli border crossing a few days ago. Here are hundreds of people lined up to get across the border: We're hot. It's outside. I've already been pulled aside once for some 'extra' questioning. Jews, Muslims, Christians, everybody was crammed together, and the gates, which could have held about six border agents, had one person casually and ever so slowly putting stickers on the back of passports (reason unknown. This was not where they stamp the passport.) The crowd was unruly, but the border guards had loaded M-16s they were brandishing about, so what could you do? Not only were people forcing themselves through the line with impunity (Americans and Brits don't like it, but everywhere else there is no line.) but if you had $100 you could go to the head of the line. They'd pull out the turnstile and get you right through. I saw it happen. It was blatant. I saw the same thing happen in Egypt.

It's not a bribe; it's a tip.

reply to post by schuyler


i recommend reading the book "the english prisoner" by tig hague, he didnt pay a small bribe at a russian airport, they then searched his suitcase and found under a gram of hashish in one of his pockets that he had forgotton about. they then wrapped it up til it weighed an ounce and he spent over 4 years in a siberian gulag in freezing temperatures.

With $250 000 000 floating around out there the next Nigerian internet scam should be sensational,all they need is your bank account personal details and up front $10,000.00 processing fee for the bank etc...