WASHINGTON - July 13 -
The Pentagon should be congratulated for canceling the contract for Halliburton's military logistics contract in Iraq and putting it up for open bid. Halliburton has only itself to blame for shoddy managment, over-charging, and thumbing its nose at military investigators: for example torching brand-new $85,000 Mercedes trucks and charging $100 for a bag of laundry.
However, at the end of the day, the U.S. taxpayer has already been cheated out of hundreds of millions of dollars in unsupported costs and overcharges that the military auditors have disputed, but that the Pentagon has paid anyway. If the administration's sudden change of heart is really about fiscal responsibility, it should demand that money back.
Read CorpWatch comment:
Iraq After Halliburton
July 12th, 2006
Read our three alternative annual reports on Halliburton, CorpWatch to learn the real legacy of the company's incompetence and corruption:
2006 Alternative Annual Report Press Release
Download 2006 Alternative Annual Report
2005 Alternative Annual Report Press Release
Download 2005 Alternative Annual Report
2004 Alternative Annual Report Press Release
Download 2004 Alternative Annual Report