Corporate Political Links

  Harken             Halliburton                   Enron

The Corporate Accounting Scandal made simpler -

- by Larry Fairbanks

Confused? You should be. This is the type of situation that is complicated by nature. There seem to be several problems going on at the same time, so simple answers only address part of the problem.  About a dozen companies are in the news. In a few there was outright raiding of the company assets, but they are in the minority. A few have failed and have been de-listed or are failing. Some have direct links to the administration as previous employees occupy prominent positions in the administration.

The result has been a crisis of confidence which has sent the stock market into a downwards spiral. Effective remedies will need to address all the lacking aspects of the system.  

Specifics:

Accounting Standards - The amount of outright illegal fraud is much smaller than most people think. For example, most of Enron’s investments in Special Purpose Entities was entirely legal, and consistent with legitimate accounting even though they were used to hide debt. The company would have been forced into bankruptcy even if it had done nothing illegal, and the financial reports would still have made the company look like it was worth investing in. That means there is a problem with the accounting standards.  

Securities and Exchange Commission - There is also a problem with the SEC. In the past, they have not been given the support needed to fend off corporate sponsored lobbyists. Some of their rules about filing insider trading information have been ignored because they are never enforced.  

The MBA culture - There was a presumption among corporate management that they would never go to jail because no one really got hurt, it was only money. If they got caught, they might be required to give some of the money back or pay it to the government in fines, not to mention the lawyer fees, but they never thought they would go to jail. That is changing.  

Common Industry Practice - Many companies have attempted to defend themselves by saying their accounting practices were consistent with those of the other companies in their sector. This makes investors suspicious of the rest of the companies in the sector, a bit like saying, “It is not a few bad apples, it is everybody.”

More General Considerations:

Corporate funded Government Deregulation - What happens when there is a lack of government oversight where it is really needed, is something like a football game where the players from both sides pool their money to bribe the officials so they won’t call as many penalties . Now you know why we see so many companies leaving the field on stretchers.  

Beyond Accounting:

In addition to the plunging stock market, disturbing questions emanate about the effect on the Government in general. The revolving door corporate political apparatus is able to deliver much more money to individuals than could ever come from one company through campaign contributions. The Vice President, Dick Cheney received $45M from the Halliburton corporation during his tenure as CEO between the Presidencies of the Bushes. He also gave thousands of dollars to representatives who sponsored legislation favorable to the company. The company gets about $750M a year in business from the government including defense contracts. The company also has foreign interest in countries that have or may have in the near future, an active U.S. military presence. The conflicts of interest are obvious.

Corporate Overview

Q: How much did Halliburton give to Senators and Congressmen? 

A: Thousands. 

Q: How much did Vice President Dick Cheney get from Halliburton? 

A: Millions. 

Q: How much did Halliburton get from the Government? 

A: Billions! Get the picture?

Special Links

Bush's Cabinet - Conflict of Interest?

Overview of six cabinet members.

Corporate Scandal Trading Cards - Collect 'em all! By David Plotz

To view this page, you need Macromedia Flash Player 6, which you can download for free here

Corporate scandals Overview

Economist.com | 13 prominent companies.

bigger than enron

frontline: | PBS Why the largest business scandal in American history is just the tip of the iceberg -- and why investors should care.

Corporate Probes: A Scorecard

BW Online | June 10, 2002 | Overview of a dozen or so companies.

Titans of the Enron Economy (1) Ten Habits

August 5, 2002 by Scott Klinger & Holly Sklar Most of the maneuvers leading to Enron's meltdown are not only legal, they are widely practiced. . . We've ranked the 100 worst companies for each habit and awarded "Ennys" for outstanding Enron-like performance.

Senate Dems weigh probe of Bush deals

=TheHill.com= July 27, 2002 By Alexander Bolton - Key Senate Democrats are weighing hearings on the past business dealings of President Bush and Vice President Cheney unless they are more forthcoming about their roles as executives of two Texas-based corporations.

Everyone Is Outraged

2002/07/02 Representative Michael Oxley, the Republican chairman of the House Financial Services Committee, played a key role in passing a 1995 law (over Mr. Clinton's veto) that, by blocking investor lawsuits, may have opened the door for a wave of corporate crime.

Clinton Says Republicans Blocked His Audit Reforms

Instead, he chided Republicans, who he said had blocked his administration's efforts to, among other things, bar accounting firms from working as auditors and consultants for the same companies.

Harvey Pitt and the SEC

SEC Expands Probe of AOL

TechNews.com

Reality At The SEC

Gary Goodenow Presents

New Rules on Special-Purpose Entities

By Jack Duffy New York, Jan. 15 (Bloomberg) --

Tougher accounting rules OK'd

But when the accounting industry heard about the rule, Levitt became the target of what he later called an “intensive and venal lobbying campaign.

S.E.C. Facing Deeper Trouble

Democratic Underground Forums -

Aon becomes latest target of SEC

Guardian Unlimited | The Guardian | August 8, 2002

Surprise! Real Corporate Reform Isn't Happening

Fool Me Once

Top Congressional Democrats Call for S.E.C. Chairman to Resign

Statements by Company CEOs and CFOs

Global Crossing Bankruptcy/SEC Investigation

The Corporate Library - February 2002 - Spotlight on...

U.S. Securities and Exchange Commission (Home Page)

Harvey Pitt -- Aud. Vid.

Online NewsHour: Newsmaker: June 12, 2002 - Harvey Pitt, chairman of the Securities and Exchange Commission, details new rules that would require executives to certify their companies' financial reports.

Daschle says SEC Chairman Harvey Pitt should go

Lycos Finance | y Lori Santos WASHINGTON, July 7 (Reuters) - Accusing the Bush administration of a "cozy, permissive relationship" with corporate America, Senate Majority Leader Tom Daschle said on Sunday the chairman of the Securities and Exchange Commission was largely responsible and should be replaced.

Playtime is Over - CFO.com

f the SEC has its way, it will be harder to hide earnings management by calling the impact immaterial. George Donnelly, CFO Magazine October 01, 1999

SEC Biography: Chairman Harvey L. Pitt

Senate approves corporate overhaul 97-0

USATODAY.com - 2002/07/15 - If made law, they would amount to the most sweeping overhaul of accounting since the Great Depression in the 1930s.

U.S. Corporate Watchdog Served At Troubled Firm (washingtonpost.com)

2002Jul12 Larry D. Thompson, deputy attorney general and head of a new multi-agency corporate-crime task force, was a Providian Financial Corp. board member and chairman of its audit and compliance committee from June 1997 until his unanimous confirmation by the Senate on May 10, 2001.

Halliburton*

Have you been watching Halliburton? I remembered hearing about them, mid-east oil and asbestos, when I was looking at a mutual fund. It is a lot like the Enron Case, except the VP is involved. He arranged the purchase of Dresser and the asbestos liability that came with it. He was also CEO while Anderson implemented aggressive accounting, and Dick subsequently made $18M in stock options. Now, the stock has dropped to under $18 from $50. Most analysts think the company will pull out and go up from here, but it still looks like a pump and dump, even if the company is not destroyed. They should pull through with all the defense contracts they have been getting.

Cayman_Islands  Military_Contracts  Dick_Cheney  SEC_Probe  Litigation  Asbestos  Iraq  Burma

Halliburton - Cooperative Research

The success of Halliburton is, to a significant degree, a result of its ability to influence the decisions within the U.S. government at the legislative, judicial, and administrative levels. While this practice has filled, and continues to fill, the pockets of its executives, it also consistently works to undermine the interests of the majority of the American population and represents a considerable obstacle to promoting democracy and justice abroad.

Halliburton May Have Overcharged Millions

AP - Dec 11, 2003 - Dick Cheney 's former company may have overcharged the Army by as much as $61 million for gasoline in Iraq , senior defense officials said Thursday.

Iraq delays hand Cheney firm $1bn

Guardian Unlimited | Special reports | December 7, 2003 - Halliburton, the engineering group formerly run by US vice-president Dick Cheney, has been given $1 billion worth of reconstruction work in Iraq by the US government without having to compete for it, thanks to repeated delays in opening up a key contract to competition.

Judge: Jurors Not to Hear About Cheney

Halliburton unit poised for £4bn UK garrisons deal

* subsidiaries in offshore tax-havens.

Citizen Works - Press Release

The World According to *

Interactive Atlas showing interests around the world.

Halliburton Co. Site

CNET Broker Reports - Halliburton - M

CNET.com - News - Investor - Brokerage Center -

Cayman Islands

Holding Dick Cheney "Accountable"

August 5, 2002 -

Halliburton Responds To False Statements

Lycos Finance 1 Aug 2002, 2:23pm "offshore tax havens"

Halliburton subsidiaries in offshore tax havens . . .

July 31, 2002 Citizen Works - Press Release: . . . increased under Vice President Dick Cheney

Cayman Islands subsidiary, Halliburton Global Limited

August 8, 2002 . . . Halliburton Company used a Cayman Islands subsidiary, Halliburton Global Limited, to avoid payment of $38 million in taxes owed in 1990 and 1991. Vice President Dick Cheney became Halliburton's CEO in 1995; during his tenure, the company fought the IRS's findings in United States Tax Court.

Military Contracts

House Committee on Government Reform - Minority Office

Rep. Waxman and other members of Congress have been seeking information on business contracts entered into by the Administration, including a multi-million dollar contract with a subsidiary of Halliburton Corporation for development work in Iraq.

The Spoils of War

CorpWatch.org - Issues - Military Industrial Complex - Articles - . . . a no-bid contract to extinguish oil well fires in Iraq to Kellogg Brown and Root (KBR), a subsidiary of Halliburton. The contract, which was not announced until more than two weeks after it was awarded, was open-ended, with no time limits and no dollar limits.

Congressman looking into Halliburton's Army pact - 2003-03-27 - Houston Business Journal

Fortunes of war await Bush's circle after attackson Iraq

Independent Independent - 15 September 2002hen the United Nations relaxed its sanctions regime in 1998 and permitted Iraq to buy spare parts for its oil fields, it was Halliburton, under Mr Cheney's leadership, that cleaned up on the contract to repair war damage and get Saddam Hussein's oil pipes flowing at full capacity again. Two Halliburton subsidiaries did business worth almost $24m (£15m) with the man whom these days Mr Cheney calls a "murderous dictator" and "the world's worst leader".

The Spoils of War by James Ridgeway

The Village Voice: Nation: Mondo Washington:

U.S. military headquarters in Afghanistan providesview of the new, outsourced army

Boston.com / Latest News / Business / - By Chris Hawley, Associated Press, 10/6/2002 - Doubters say the military's increasing dependence on contractors is a recipe for corruption. They point to huge new troop support contracts given to Kellogg, Brown & Root, a branch of Dallas-based Halliburton Co., while it was under a fraud investigation that was later settled out of court. Vice President Dick Cheney formerly headed Halliburton, but denied he had any role in the contracts.

Revolving-Door Monsters

Cheney firm won $3.8bn contracts from government

Guardian Unlimited Observer | International | July 21, 2002 - The oil services company once headed by United States Vice-President Dick Cheney reaped massive rewards in government contracts and bank loans after he took its helm, including one deal with a Russian firm under investigation for mafia connections.

In Tough Times, a Company Finds Profits in Terror War

July 12 The New York Times . . . the attacks of Sept. 11 have led to significant additional business.

Cheney Led Halliburton to Feast at Federal Trough

01_0802 Investigative Report: Firm Linked to Russian Mob / U.S. Export-Import Bank

Civilian employees of Dick Cheney's former company . . .

May 01, 2002 . . . are carrying out military missions around the world – for profit. Force Provider: The Base-in-a-Box,") Kellogg Brown and Root

Dick Cheney

Dick Cheney: Soldier of Fortune

CorpWatch.org - Issues - Military Industrial Complex - Background -

Who is Dick Cheney?

MoveOn.org: MoveOn Bulletin

Cheney's Mess Worth a Close Look

Cheney company 'running Iraqi oil industry'

Guardian Unlimited | The Guardian |

MoveOn.org: MoveOn Bulletin

DIRT ON DICK CHENEY? | Project Underground

Cheney is still paid by Pentagon contractor

Guardian Unlimited | Special reports

Cheney Protest in San Francisco

Aug. 7, 2002 - Yahoo! News Photo Search Results

Cheney Knew

07-14-2002 Halliburton CEO Says Cheney Knew About Firm's Accounting Practices; 'The Vice President Was Aware of Who Owed Us Money, And He Helped Us Collect It

Q&A on Cheney-Halliburton Situation

Las Vegas SUN: July 17, 2002

Cheney made bundle off Halliburton stock

HoustonChronicle.com - July 15, 2002 Cheney made bundle off Halliburton stock Cheney made an $18.5 million profit selling his shares for more than $52 . . . 60 days later, the company surprised investors with a warning that its engineering and construction business was doing much worse . . . Halliburton's liability for asbestos claims, . . . investigation by the Securities and Exchange Commission for controversial accounting under Cheney's leadership that inflated profits.

Activist Group Files Suit Against VP

ABCNEWS.com : 02-07-10 Judicial Watch Claims Cheney and Halliburton Co. Overstated Revenues While He Was CEO

Cheney at the Helm.

The Progressive: Sept, 2000 Overview

$20 million payoff for Cheney . . .

Monday, Aug. 21, 2000 . . . causes speculation among Democrats :

Cheney's retirement plan

August 12, 2000 Cheney's Dallas Company Giving Him $20 Million Retirement Package

Articles

Halliburton admits it paid Nigerian bribe

Halliburton in Burma: Cheney's role revisited

Earthrights International -

All the President's Enrons

House Democrats Want Halliburton Probe

Guardian Unlimited | World Latest |

Oil firm's work for terrorist sponsors challenged / Giving contracts to Halliburton questioned

Halliburton and SAIC - Venezuela

HALLIBURTON AND SAIC TO FORM INTERNET VENTURE TO TRANSFORM E&P OPERATIONAL PROCESSES - April 10, 2000

Waxman gets after EPA re. Halliburton

Oct-02-02 - Waxman is accusing the administration of "once again" altering scientific and technical information to benefit Halliburton with specific regard to the dangers to aquifer water of hydraulic fracturing (used to enhace natural gas and oil recovery).

What's Legal Isn't Always Ethical

washingtonpost.com

Shriveling of Pensions After Halliburton Deal

Used Unit to Raise Cash -WSJ

To the Victors Go the Markets

Halliburton Buried as Investors Stop Believing

Was the Fix In? New White House Counsel Accused of Favoritism for Cheney's Halliburton

. . . exclusive contractor for overseas Army troop support

Lycos Finance 5 Aug 2002 This News as TV on the web at Its

IHT: Search

Financial and SEC Probe

S.E.C. Begins Formal Investigation of Halliburton's Accounting

Federal probe sends Halliburton shares lower (4:48)

Welcome to ON24 - 5/29/02

Cheney Knew

07-14-2002 Halliburton CEO Says Cheney Knew About Firm's Accounting Practices; 'The Vice President Was Aware of Who Owed Us Money, And He Helped Us Collect It

Halliburton Responds To False Statements

Lycos Finance 1 Aug 2002, 2:23pm "offshore tax havens"

Bush . . . applying pressure on the (SEC )?

Salon.com News July 17, 2002 Joe Coason's Journal - Bush expresses confidence the SEC will clear Cheney, but could that be seen as applying pressure on the agency?

Cheney's ex-firm to receive full probe

/ SEC chief promises to pull no punches

No SEC Questions Yet for Cheney

ABCNEWS.com :

SEC Chief Vows Ongoing Audit Probe of Halliburton

(washingtonpost.com)

Andersen video puts Cheney on spot

BBC News | AMERICAS |

Litigation

CHENEY SUED

Lycos Finance | Halliburton Faces Securities-Fraud Suits Amid SEC Probe - Halliburton Co. (HAL) faces at least 10 securities-fraud lawsuits

Judicial Watch - Because no one is above the law!

July 10, 2002. . . against Vice President Dick Cheney and the other involved directors of Halliburton, as well as Halliburton itself, for alleged fraudulent accounting practices . . .

Democratic Underground Forums

Class-Action Suit is Filed 6/7/02- Stock-holders vs. Halliburton

Law Firms

Cauley Geller Bowman & Coates, LLP Announces Class Action Lawsuit Against Halliburton Company on Behalf of Investors Federman & Sherwood Announces the Filing of a Securities Class Action Lawsuit Against Halliburton Company Law Offices of Leo W. Desmond Announces Class Action Lawsuit Against Halliburton Company Law Firm Milberg Weiss Announces The Filing Of A Class Action Lawsuit on Behalf of Purchasers of the Securities of Halliburton Company

Scott + Scott, LLC Seeks Recovery for Shareholders

of Halliburton (NYSE: HAL); Class Period 7/22/99 - 5/28/02 Lycos Finance |

Milberg Weiss - A Class Action Lawsuit

Lycos Finance | Law Firm Milberg Weiss Announces The Filing Of . . . on Behalf of Purchasers of the Securities of Halliburton Company

Milberg Weiss

Is This America's Top Corporate Crime Fighter? (1)

August 5, 2002 5 page William Lerach, the plaintiffs' lawyer reviled and feared by corporate executives, brings a sharp-edged and refreshingly anti-establishment voice to the emerging debate over how to reform corporate governance.

Yates Class Action

Yahoo! - Pittsburgh Law Firm Announces Private Securities Class Action Litigation Against Halliburton Company

Schiffrin & Barroway

Class Action Yahoo! - Shareholder Class Action Filed Against Halliburton Company by the Law Firm of Schiffrin & Barroway, LLP

Wolf Haldenstein Adler Freeman and Herz

Lycos Finance | Wolf Haldenstein Adler Freeman and Herz LLP Commences Class Action Against Halliburton Company and Arthur Andersen, LLP on Behalf of Halliburton Shareholders

Asbestos

Halliburton is singed by claims

Halliburton reaches $4 billion asbestos settlement

The Sacramento Bee -- sacbee.com --

Halliburton to fork out $4 billion for asbestos

ajc.com | Business |

Cheney's 'Win-Win' Acquisition As Firm's CEO Became Liability (washingtonpost.com)

Halliburton Spinoff Saddled With Asbestos Liability

(washingtonpost.com) August 18, 2002 - When Richard B. Cheney was Halliburton chief executive, he signed documents spinning off the Texas energy giant's unprofitable insurance subsidiary, telling shareholders of both companies that the deal would give Highlands Insurance Co. "the opportunity to achieve its maximum potential."

Cheney, Halliburton financed sponsors of bill tolimit asbestos-suit liability

Questions on Halliburton Deal Under Cheney

2002/08/01 - Halliburton said the degree of the asbestos problems could not have been anticipated at the time of the merger.

SECOND QUARTER RESULTS

QUOTE.FOOL.COM 07/30/2002 Estimates 15 Year Net Asbestos Liability of $602 million

Halliburton to Take Large Asbestos Charge

Yahoo! News - 2002 07 22

to Take Asbestos Charge

Lycos Finance | 22 Jul 2002 Halliburton declined to put a specific figure on the asbestos-related charge until it reports second-quarter financial results on Wednesday, but analysts estimated the company's potential liability at $2 billion to $3 billion. That amount would be reduced by Halliburton's insurance coverage, they said.

sinks on news of Q2 charges

July 22, 2002

Halliburton asbestos claims stay extended

CNET.com - News - Investor - News - Story 7/16/02

Halliburton Responds to Court Order.

PR Newswire:March 14, 2002 litigation between Highlands Insurance Company and Halliburton. . . . represent less than 11 percent of the total 274,000 claims outstanding at the end of last year.

Halliburton Comments on Asbestos Judgments.

PR Newswire: Dec 7, 2001 - This week Halliburton announced three adverse asbestos litigation results.

Cheney's Firm Backed Bill To Limit Asbestos Liability

August 4, 2000 Although Halliburton is an enormous operation with more than 100,000 employees in 120 countries, it is a relatively small player when it comes to asbestos litigation, at least when compared with W.R. Grace & Co., GAF and the Johns Manville Corp. Nevertheless, Halliburton has spent $99 million to settle or dispose of 129,650 asbestos suits, according to company records. "The Cheney-led Halliburton Co. has been an integral part of an asbestos industry which knowingly poisoned its own workers for years and is still trying to get off the hook. That industry -- which is counting on special treatment from a Bush-Cheney administration -- has publicly vowed that it will be bringing its bailout legislation back to Congress next year," said William McNary, president of USAction.

Larry's Asbestos Links

Iraqi Interests

Halliburton in Iraq

Iraqi oil deals up for grabs

BBC NEWS | Business |

Halliburton's Secret Deal with the Pentagon for Iraq's Oil

Jason Leopold:

DU-Asbestos, Dresser and Iraq

Democratic Underground Forums - Something has been bothering me about Cheney, Haliburton and

Boxer suggests 'hanky-panky' in Halliburton contract

CNN.com - May. 11, 2003

Waxman Chronology

House Committee on Government Reform - Minority Office - Rep. Waxman and other members of Congress have been seeking information on business contracts entered into by the Administration, including a multi-million dollar contract with a subsidiary of Halliburton Corporation for development work in Iraq.

All In The Family

CBS News | Halliburton: | April 27, 2003 13:01:30

War Against Iraq

The Free Press -- Independent News Media -

Details Given on Contract Halliburton Was Awarded

More Flak on Halliburton Deal

By Mark Fineman, Times Staff Writer - April 11, 2003 - WASHINGTON -- The Pentagon's exclusive no-bid contract with a Halliburton Co. subsidiary for emergency oil-field services in Iraq could be worth as much as $7 billion over the next two years, according to a document made public Thursday.

In the Company of Vice Presidents, A Big Texas Contractor Prospered

Halliburton faces row on Iran link

Telegraph | Money | Two New York City pension funds have demanded that Halliburton review its businesses in Iran and other nations because of "concerns about corporate ties to states sponsoring terrorist activity".

Bush Administration to Award Contract for Iraq Reconstruction (washingtonpost.com)

Halliburton wins contract on Iraq oil firefighting

Forbes.com:

Ousting Saddam could put Big Oil in 'driver's seat'

Fortunes of war await Bush's circle after attacks on Iraq

Independent Independent - 15 September 2002hen the United Nations relaxed its sanctions regime in 1998 and permitted Iraq to buy spare parts for its oil fields, it was Halliburton, under Mr Cheney's leadership, that cleaned up on the contract to repair war damage and get Saddam Hussein's oil pipes flowing at full capacity again. Two Halliburton subsidiaries did business worth almost $24m (£15m) with the man whom these days Mr Cheney calls a "murderous dictator" and "the world's worst leader".

Russia fears US oil companies will take over world's second-biggest reserves

Independent News - 26 September 2002 - Under the United Nations' oil-for-food programme, it exports about one million barrels a day. Since 1998, two subsidiaries of Houston-based Halliburton, the company previously headed by the US Vice-President, Dick Cheney, have done $24m (£15.3m) of business to repair Iraqi oil pipelines under the UN programme. The INC's chairman, Ahmed Chalabi, believes the US should head a consortium to develop Iraq's oil.

U.S. Refiners Buying Most of Iraq's Oil

ABCNEWS.com : July 23, 2001

A Halliburton Primer (Libya and Iraq)

OnPolitics (washingtonpost.com) July 11, 2002 Halliburton came under fire in the early '90s for supplying Libya and Iraq with oil drilling equipment which could be used to detonate nuclear weapons.

A discreet way of doing business with Iraq

The Smirking Chimp - Halliburton, the largest US oil services company, is among a significant number of US companies that have sold oil industry equipment to Iraq since the UN relaxed sanctions two years ago. From 1995 until August this year Halliburton's chief executive officer was Dick Cheney, US secretary of defence during the Gulf war and now Republican vice-presidential running mate of George W.Bush.

Halliburton Iraq ties more than Cheney said

Halliburton Co., the oil company that was headed by Vice President Dick Cheney, signed contracts with Iraq worth $73 million through two subsidiaries while he was at its helm, the Washington Post reported.

The campaign issue that wasn't

.. . . big bucks from dubious commercial dealings with Iraq. | November 13, 2000 | Reality Bites: Martin A. Lee

Trading On Conflict

86 US Firms Trade With 'Enemies' Sen. Passes Strong Corp. Crime Measures

Firms fined for trading with ‘enemy’

The Treasury’s latest list didn’t include Halliburton Co.

Burma

Halliburton's Destructive Engagement

Earthrights International - Press Release: Halliburton Worked On Notorious Gas Pipeline In Burma Cheney's Firm Laid Offshore Pipe for Project Associated With Forced Labor

Cheney Firm Slammed for Burma Connection

UE News: Halliburton has been involved in partnerships with notorious human rights-violators, and has vigorously opposed sanctions designed to restrict corporate engagement with dictatorships.

AWARDED $44 MILLION CONTRACT IN MEXICO

July 01, 2002

Proposed Bui Dam, Bui National Park, Ghana -

8 October 2001: - Environment, Conservation, Corruption, Fraud, Halliburton, Brown & Root, Richard Cheney, World Bank international aid donors are preparing to finance the building of another massive dam on the Black Volta River by a consortium led by a subsidiary of U.S. Vice President Richard "Dick" Cheney's company, Halliburton.

Searches and Collections

Democratic Underground Forums - Halliburton, the File:

Halliburton Index

NewsTrove.com: All the current Halliburton news

Citizen Works article list

Article Collection EarthRights International -

News Sorted By Subject

Yahoo! Search Results for dick cheney

Yahoo! - Halliburton Co Company News

Guerrilla News Network

washingtonpost.com News Search Results

. . . exclusive contractor for overseas Army troop support

Lycos Finance 5 Aug 2002 This News as TV on the web at Its

News Headlines

Lycos Finance | Stocks & News:

Harken

Arbusto and Spectrum 7

Harvard role in Harken called deeper

Boston Globe Online / Business / 10/9/2002

Harken Cover-up Collapses

MWO - The reports further show that the financial guarantor of the deal was none other than Robert Abboud of First City Boston -- the one-time head of the U.S.-Iraq Business Forum, a close political supporter of Bush’s father, a personal friend of Saddam Hussein, and a figure with a longtime history of dubious financial and political dealings.

Harvard Was Unlikely Savior

WSJ - October 9, 2002 - When the small company that helped make George W. Bush a multimillionaire verged on bankruptcy in 1990, newly unearthed documents show an unlikely financial archangel came to the rescue: Harvard University.

Osama bin Laden connection

President’s oil companies funded by Bin Laden family . . .

Bush family’s dirty little secret: . . . and wealthy Saudis who financed Osama bin Laden

Scoop: The GW Bush - Osama Bin Laden Connection

THE GW BUSH--OSAMA BIN LADIN CONNECTION

Bush co. went offshore

NY Daily News - Home

SEC Investigation

Bush and Harken

by Jason Leopold 2002-07-18 - Bush violated federal securities laws on three other occasions during his tenure at Harken by missing the deadline for filing documents about his stock transactions with the SEC.

Bush Signed Stock 'Lockup' Letter

Guardian Unlimited | World Latest |

Harken Papers Offer Details on Bush Knowledge (washingtonpost.com)

Washington Post July 14, 2002 SEC investigators knew Bush had seen the flash report but still dropped the case. Bush agreed to be interviewed by the SEC, but the investigators did not take him up on it, provoking skepticism from some government officials about their thoroughness.

Molly Ivins,

2/15/2002 - The Texas Observer-Smith, Barney, Harris, Upham & Co., the financial consultants hired by Harken, told Bush and Watson only drastic action could save the company. So Bush sold his stock before the news became public.

Bush Violated Security Laws Four Times, SEC Report Says

The SEC did not press charges against Bush, even though the tardy disclosures had become something of a pattern, according to the memo, which was drafted for the files on April 9, 1991, by three enforcement investigators.

Bush defends himself 07-02-02

against criticism of his own corporate accounting experience SEC to Bush's lawyer emphasizing that its decision "must in no way be construed as indicating that (Bush) has been exonerated."

Harken Energy - Bush’s No Good Trade

Scoop: UQ Wire: Saturday, 6 July 2002, 1:35 pm - Moreover, one key trade just a few weeks before Iraq invaded Kuwait -- but reported some eight months late after the Gulf War was over -- netted Bush close to $1 million in profit as he sold stock in Harken Energy.

Benjamin Hermalin on Corporate America 2002

"Did the president do something wrong? Well, if the facts are correct, then it would seem he was the beneficiary of inside information when making his trade. So yes, he did. But to go into it again after the statute of limitations has passed is just a political issue. "

Articles by Benjamin Hermalin

How Insider Capitalism Benefited W.

The Nation It's awfully tough to be Mr. Corporate Responsibility after you have profited from the actions of an irresponsible corporation that engaged in a shady deal.

Bush trying to ride out corporate flap

History of Harken overview and a bit on Halliburton.

In Effort to Save Self Bush Undermines Reform

CorpWatch.org - News - USA: Bush says/ we say.

Ignorance isn't bliss for clueless executives

/ The know-nothing defense has been getting a workout 2002/07/05 - "He wasn't a very good oilman," said Craig McDonald, director of Texans for Public Justice, a consumer watchdog group. "He lost millions of dollars in the oil business."

Bush and Cheney face scrutiny in financial scandals

Independent News

Succeeding in Business

Yet this pose is surreal, given the way top officials like Secretary of the Army Thomas White, Dick Cheney and Mr. Bush himself acquired their wealth.

IHT: A businessman named George W. Bush

same as Succeeding in Business

Wild Justice -

NYPress - Alexander Cockburn - Vol. 15, Iss. 27 . . . just like Enron.

Another chapter of 'George in Wonderland'

Molly Ivins - Star Telegram | 07/05/2002 |

Harken Executive Management

Company Site

Collections

HarkenGate, the File, July 22, 2002

by skip fox, Democratic Underground

Harkengate, The File

Democratic Underground Forums -

CPI find More Harken Documents

The Center for Public Integrity, as a public service, is posting a second round of the documents that we obtained from the Securities and Exchange Commission under the Freedom of Information Act.

Democratic Underground Forums - Q & A:

Did Dubya pay taxes on a 6-figure loan Harken 'Forgave' him?

More Bush Links

Enron

GOP Consultant Named in Enron Ruling (washingtonpost.com)

Panel finds 'eye-popping' Enron pay deals, tax manipulation

Grassley: Wednesday, February 12, 2003

Enron Execs Charged in Broadband Fraud

Shafted By The New York Times

Scoop: Jason Leopold This is a story about a story. A great story. A scoop that ought to see a member of George Bush's cabinet at least indicted, if not behind bars.

CEOs may be on the hook for 401(k) losses - Sep. 30, 2002

Enron 101

Animated Overview

Primer: Enron's Downfall (washingtonpost.com)

World Bank - IMP and Enron

Scoop: Transcript: 8 March 2002 - Transcript of Interview of Greg Palast“Earth Shattering” World Bank Scoop

ANATOMY OF GREED: The Unshredded Truth Froman Enron Insider

Ex-Executives Say Sham Deal Helped Enron

August 8, 2002 Desperate to meet a year-end profit target, the Enron Corporation struck a sham energy deal with Merrill Lynch

How Arundhati Roy Took Back the Power in India

The Sunday Herald (Scotland) January 20, 2002

Enron: Ultimate agent of the American empire, Pt.2

Shafted By The New York Times

Scoop: Jason Leopold This is a story about a story. A great story. A scoop that ought to see a member of George Bush's cabinet at least indicted, if not behind bars.

Enron Coverage

KHOU.com | Houston |

Scoop: Jason Leopold – Shafted By The New York Times

CEOs may be on the hook for 401(k) losses - Sep. 30, 2002

Primer: Enron's Downfall (washingtonpost.com)

World Bank - IMF and Enron

Scoop: Transcript: 8 March 2002 - Transcript of Interview of Greg Palast“Earth Shattering” World Bank Scoop

ANATOMY OF GREED: The Unshredded Truth From an Enron Insider

Book: How Companies Lie: Why Enron Is Just the Tip of the Iceberg

Amazon.com: buying info:

Enron 101

Animated Overview

Ex-Executives Say Sham Deal Helped Enron

August 8, 2002 Desperate to meet a year-end profit target, the Enron Corporation struck a sham energy deal with Merrill Lynch

How Arundhati Roy Took Back the Power in India

The Sunday Herald (Scotland) January 20, 2002

Enron: Ultimate agent of the American empire, Pt. 2

Enron gave Taliban $millions

Yahoo! Latest News & Gossip - March 4, 2002

KHOU.com | Houston | Enron Coverage

Updates

Enron used special companies

to control market, hide debt HoustonChronicle.com - With Updates

Ralph Reed:

Associates of Bush Aide Say He Helped Win Contract. "Mr. Rove's involvement in Mr. Reed's hiring underscores the close association between Enron and the Bush inner circle."

Government opens criminal probe of Enron - Jan. 9, 2002

BW Online | December 17, 2001 | The Fall of Enron

Letter to GAO on auditing standards

The Bush Administration and Enron

Several articles from The Nation

Google Search: Enron Employee

Lawsuits illegal Accounting

pdf Documents

Enron Lawsuit in pdf

10 committees investigating Enron in pdf

Laws possibly violated in pdf

Background on Enron in pdf

AlterNet -- The Daily Enron

The Daily Enron

TIME.com: Enron: Who's Accountable?

Army Chief Faces Enron Questions

CBS News | July 18, 2002 13:06:59 Panel members complained that White had made roughly $50 million in salary in his 11 years with Enron, and another $12 million when he sold stock last year, while many employees and shareholders had seen pension plans and investments become worthless.

Carlyle

Fortunes of war await Bush's circle after attacks on Iraq

Independent Independent - 15 September 2002hen the United Nations relaxed its sanctions regime in 1998 and permitted Iraq to buy spare parts for its oil fields, it was Halliburton, under Mr Cheney's leadership, that cleaned up on the contract to repair war damage and get Saddam Hussein's oil pipes flowing at full capacity again. Two Halliburton subsidiaries did business worth almost $24m (£15m) with the man whom these days Mr Cheney calls a "murderous dictator" and "the world's worst leader".

The Carlyle Group

Carlyle's way

January 8, 2002

Meet the Carlyle Group

Carlyle's tentacles stretch far

The Daily Texan - Viewpoint:

Bush Faces Flak Over Links to Defense Contractor

CorpWatch.org - News - USA:

Unocal

Unocal & Afghanistan

Oil and Gas International : From the Editor - Taliban demanded more than the $100 million a year in rent for the pipeline route in the form of the construction of roads, water supplies, telephone lines, and electricity power lines, as well as a tap in the pipeline to provide oil and gas for Afghanistan, Unocal balked, and finally dropped its plans after the East Africa embassy bombings.

Oil barons court Taliban in Texas

Unocal on Lycos

Unocal Corporation - A new breed of energy company

Unocal in Myanmar (Burma) -

The Story That the Media Doesn't Tell About Unocal In Myanmar

Human rights abuses associated with a Unocal pipeline in Burma

EarthRights International - Resource Center: Doe v. Unocal

New W. R. Grace

Fresenius Medical Care

- February 13, 2002 - AG to provide for 1996 merger-related legal matters including pending commercial insurer litigation by taking a special charge for 2001

W.R. Grace names exec to oversee restructuring

- 2001-04-09 - Washington Business Journal

W.R. Grace files for bankruptcy

Tuesday, April 3, 2001 Taxpayers may get cleanup bill for asbestos contamination

Feds seek return of funds from W.R. Grace

Yahoo / Market Guide - Business Summary

Under Chapter 11, Grace is operating its businesses as debtor-in-possession under court protection from its creditors and claimants, while using the Chapter 11 process to develop and implement a plan for addressing the asbestos-related claims against it.

Grace Chapter 11 Announcement

April 2, 2001

SEC v W.R. GRACE & CO

WebFerret Results $9.95

W.R. Grace settles SEC income manipulation case

June 30, 1999

W.R. Grace & Co. Sec Accounting Initiatives

Recent Sec Accounting Initiatives For Public Companies 061199

W.R. Grace and Libby Mt.

W.R. Grace and Libby Mt.

ChevronTexaco Corp. Home Page

Chevron on Lycos

Arthur Andersen

BP Statement

from now on we will make no political contributions

Yahoo - Worldcom Finds $3.8 Bln Error, Fires CFO

Aon becomes latest target of SEC

Guardian Unlimited | The Guardian | August 8, 2002

Organizations

Michael Moore

Political commentary

The Awful Truth

Mobiliztion for Global Justice

-Protest the World Bank and IMF

The Writings of Greg Palast

Democratic Underground Economic Issues Forum

Money in Politics Digest [Updated periodically]

The Public i

Corporate Tax Dodgers

Citizen Works -

POCLAD - Program on Corporations, Law and Democracy

AFL-CIO: Executive PayWatch

Collection site - Two big trends distinguished CEO pay in 2001:

The Center for Public Integrity

Common Dreams - News & Views for the Progressive Community

Campaign for America's Future: Home

CorpWatch.org

CorpWatch counters corporate-led globalization through education and activism.

Articles

DynCorp Disgrace

Burmese sue US oil company

Guardian Unlimited | Special reports |

Bechtel Bid Under Scrutiny

CBS News | April 18, 2003 12:38:27

Advisors of Influence: Nine Members of the Defense Policy Board Have Ties to Defense Contractors

Defense companies are awarded contracts for numerous reasons; there is nothing to indicate that serving on the Defense Policy Board confers a decisive advantage to firms with which a member is associated.

A Whiff of Thuggery (washingtonpost.com)

. . . chairman of the House Financial Services Committee, Rep. Michael G. Oxley (R-Ohio), and his staff have been pressuring the mutual fund industry to bring a prominent Republican onto their Washington team -- and to push aside the Democrat who currently serves as the chief lobbyist for the industry's trade group.

Ashcroft's Media Scam

ZNet | Mainstream Media |

Our Fake Energy Crisis: What Really Happened in California

Webguild Sentinel Democrats Sounded Warning

Is the Big-Business Era Over?. Ruy Teixeira.

TAP: Vol 13, Iss. 15. Issue Date: 8.26.02

Our Fake Energy Crisis: What Really Happened in California

Deputy AG Profited Before Stock Fell (washingtonpost.com)

Kill the Corporation

AlterNet -Editorial- August 13, 2002 I don't know who's more pathetic, the wannabe-rich astonished that portfolios go down as well as up, or the already-rich corporate elites and their minions busily trying to restore consumer confidence in the wake of one exposé after another.

Webguild Sentinel Democrats Sounded Warning

Ullico: The AFL-CIO’s corporate scandal

Michael Moore's Message Board : World Socialist Web Site 29 August 2002

Cheney on Iraq: It's about oil.

USATODAY.com - Saddam a threat to energy supply, Cheney tells vets

Export-Import Bank: A Guardian of Jobs or a 'Reverse Robin Hood'?

September 1, 2002

FORTUNE - In Corporate America It's Cleanup Time

George and Dick's Amazing Corporate Misadventures

CorpWatch.org - Issues - Money & Politics - Articles - July 10, 2002 Harken and Halliburtion historical summerys.

Do As I Say, Not As I Did $2.95

TIME.com:-- July 22, 2002 What Bush supports/did/explanation - Markets require rules. We have to do more than lock up a few corrupt corporate executives. We have to clean out the misguided conservative politicians who helped create the conditions in which the corrupt could thrive.

Wall Street scandals take toll on Bush

/ GOP trembles as election nears; tumbling stock prices start to hit home: July 17, 2002 San Francisco Chronicle. "Two out of three likely voters tell us that they have an IRA or a 401(k)," said independent pollster John Zogby, whose survey over the weekend found unmistakable signs of erosion in the president's popularity. | The latest Bush official facing scrutiny is Army Secretary Thomas White, who spent a decade at Enron before being tapped for the Pentagon post. | Deputy Attorney General Larry Thompson, the chief of the Justice Department's task force on corporate crime, served as a Providian Financial Corp. director shortly before the San Francisco credit card company was accused of deceptive accounting and insider trading. facing scrutiny is Army Secretary Thomas White, who spent a decade at Enron before being tapped for the Pentagon post.

The Conservative Bubble Boys

America's Future: Articles: 7/9/02 By: Robert L. Borosage Historical Insight

The Free Market Needs New Rules

2002/07/08 the first principles of free markets — transparency and trust — fall victim to corporate opportunists exploiting a climate of lax regulation.

Where Are The Indictments?

Forbes.com: Dan Ackman, 07.08.02 But still there are no charges against Enron principals. . . . Meanwhile, there are existing laws about the fraudulent sale of securities waiting to be enforced.

Bush and Cheney on defensive in business scandals

news.telegraph.co.uk - 05/07/2002 The White House, already battling to prevent President Bush being tainted by the business scandals that have engulfed America, is bracing itself to defend Vice-President Dick Cheney against charges of corporate wrongdoing.

Jim Hightower

THE PREVAILING CORPORATE ETHIC

Looking Anew at Value of a Corporate Pedigree

July 2 George W. Bush is the first president with an M.B.A., and his administration once proudly promoted its corporate experience as evidence of how it could bring boardroom smarts to governance and policy.

Afghan Pipe Dreams

CorpWatch.org June 28, 2002 - Issues - Oil, Gas & Coal - Articles -

More Afghan Pipe Dreams

CorpWatch.org June 28, 2002 - Issues - Oil, Gas & Coal - Background -

The Export-Import Bank:

Congressman Sanders on US Corporate Welfare Giveaways

OGI - Oil and Gas International Homepage

Nader and Green Party Links

More Liberal Links

Message Boards

Democratic Underground Forums

Michael Moore's Message Board :

CNN message board

COMMUNITY - POLITICS

Yahoo! Clubs

Start a group.

Political Related Pages

Government Ohio State Government Links More Liberal Links 

Nader and Green Party Links Newly Discovered Links Larry's Favorite Search Links More Media Links

Other Pages

Government - EPA and Asbestos  Ecology and Environment  Link Index  About the Author  Home Page

---

You are visitor number  since June 7, 2002 V.Dec.03.a

Questions, comments, witty remarks? Send them to me!

Copyright 2003 C.S. Fairbanks, Jr., all rights reserved