Tuesday, November 13, 2007

HW. 32 KBR

KBR stands for Kellogg, brown and root, a subsidiary of Halliburton. It was founded in 1919. to the oil and gas industries it was the second largest provider. Halliburton bought the Houston based brown in 1962. They then bought the dresser industries in 1998 which led to the petroleum company in 1988. Dick Chaney served as the CEO until 2000. He left only to run for office. Chaney has over 33 million in stock and sold it under public pressure for 30 million. $709,320 of Halliburtons money went to political contributions and 95% of the money went to republicans. There are also many scandals that took place. A federal bankruptcy court gave Halliburton more time to review the 30,000 dollars in clams. Halliburton inherited the claims. KBR also has a record of overcharging taxpayers and was sued for 6 million. There were many contracts in Iraq one being to put out oil fires and to help pump and distribute oil, another being work related to operation Iraqi freedom, another to get rid of chemical weapons in the region the last to feels and house U.S troops in Iraq.


Riverbend, Baghdad Burning. New York 2005 .78


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