The Daily Sandwich

"We have to learn the lesson that intellectual honesty is fundamental for everything we cherish." -Sir Karl Popper

Location: Boston, Massachusetts, United States


Monday, November 27, 2006

Halliburton looks to sell off KBR?

Kellogg, Brown & Root, along with parent company Halliburton, have become synonymous with the corruption of the GOP and especially BushCo. It wasn't exactly a secret that the vice president was still getting hundreds of thousands of dollars annually from the company when he took office, and their profiteering in Iraq (including the delivery of substandard goods to troops, massive price-gouging, and a lavish Super Bowl party for their employees) has been audacious and extremely lucrative.

Now Halliburton might enjoy a last laugh-- and a final round of money-making from their Iraq venture. Assuming someone wants to take over a company likely to come under federal investigation (someday) for screwing over our military.

On Saturday's edition of Forbes on FOX, Forbes Senior Editor Elizabeth MacDonald recommended that FOX viewers buy Halliburton, giving as a reason the fact that they are looking to divest themselves of Kellogg, Brown & Root (KBR), a subsidiary which is under investigation for mishandling vital services to the U.S. military in Iraq. The name KBR has become synonymous with waste, fraud and incompetence. (. . .)

It's been rumored since 2004 that Halliburton was trying to unload KBR. However, it would seem that no less a personage that the Senior Editor of Forbes Magazine now believes it is a certainty.