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Monday, March 12, 2007

Hi-Ho, Halliburton!

Halliburton's Lesar to Open Middle East Headquarters

Halliburton Co., the world's second-largest oilfield-services provider, will move Chief Executive Officer David Lesar to a new corporate headquarters in Dubai to help the company expand in the Middle East and Asia.
Why would Halliburton do this? Well, one theory goes that if corporate headquarters are in Dubai, certain files currently housed in the US would now be housed in Dubai. It will be much more difficult (nigh impossible) for the FBI or SEC to subpoena those files. What would Halliburton be trying to hide? For starters, The company is currently being investigated by the Securities and Exchange Commission [SEC] and the US justice department over allegations of improper business affairs in Iraq, Kuwait and Nigeria. And then there are those suspicious-looking cost overruns in Iraq.

Let's ask Dick Cheney, maybe he knows.
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