Sunday, April 19, 2009

In a recent Securities and Exchange Commission filing, former Halliburton unit KBR complained that it will be at a “competitive disadvantage” to win “large-scale” international contracts because it is being forced to comply with U.S. laws.
Last month, KBR pleaded guilty to violating the Foreign Corrupt Practices Act (FCPA) and admitted that it paid $180 million in "consulting fees" to two agents for use in bribing Nigerian government officials to win a lucrative construction contract for the Bonny Island natural gas liquefaction plant while former Vice President Dick Cheney headed the corporation. KBR paid a $402 million fine as part of its plea deal.

WELL NOW, AINT THAT A BITCH?

2 comments:

Suzan said...

Sheesh,

Glad you're all over this, my friend. I thought I had read something along these lines some time ago, but never saw any follow up.

You have provided a major information service to me.

Thank you.

Bows deeply,

Suzan

Mr. Natural said...

Thanks Suzan. There really IS some value in knowing how to copy/paste/comment, isn't there?

As Jim Hightower explains it, is that “the wealthiest 1 percent of Americans possess more net worth today than the bottom 90 percent of us combined. Worse, these privileged few and their political henchmen have structured a new economic ‘normal’ of long-term joblessness, low wages, no benefits or worker rights, miserly public services, and a steadily widening chasm between the rich and the rest of us.” We must restore sanity to this nation.