A month later, Harbison-Walker filed for bankruptcy, dumping all its liability in Halliburton's lap. But in reality, the company made a gigantic loss because of a very bad deal that Cheney made for Halliburton — by buying a company called Dresser Industries in Instead, Halliburton would "lose its ass. When Cheney became vice president, Halliburton was perfectly positioned to make out like a bandit. Dressed in shirtsleeves for our meeting, he is articulate and low-key, unfazed by any question. Because of the staffing shortages, sound business procedures simply weren't followed. Then the hulls needed unexpected repairs.
Cheney's Role in Halliburton Contracts Debated
But the idea that the United States must maintain its hegemonic status in a unipolar world—on the right, that has staying power. By most estimates, Cheney did a decent, if unspectacular job of running Halliburton. Having won the war, Cheney now had to try to restore order. Under Cruikshank in , the company had undergone one of many downsizings and reorganizations. But then they got back in.
Cheney Retirement Package Worth $20M - ABC News
This is common practice for CEOs of real partnerships, regardless of whether they are going to be VP. It was done long before Andersen became a corporate felon. We could seek to bar accountants from practicing before the commission or to bar people from serving as officers and directors. But, we go where the business is. Excerpts from this story referencing Dick Cheney "… scretion.
Halliburton officials said KBR's war contracts weren't adding much to the oil company's profits. Soil Conservation Service shuffled its offices and offered him a job in either Wyoming or Montana. Export Administration Act for an Iran-related transaction, without admitting wrongdoing. NPR's John Burnett reports. According to Halliburton executives, here is what happened: