Monday, March 12, 2007

It's not the heat, it's the cupidity

So Halliburton is moving its corporate HQ from cosmopolitan Houston to Dubai. Well, maybe. According to the headline in the The New York Times, "Halliburton Is Moving Its C.E.O. From Houston to Dubai." The Times also reports that the company will remain incorporated in the US, which shoots down my first reaction--that this was a tax dodge.

Why do it, then? Surely, the company must know how this will be--is being--received by the public. It's another black eye for Halliburton alumnus and prime patron, Deadeye Dick Cheney. Could it be that David Leasar, Chairman and CEO, prefers the climate in Arabia to that in Houston?

Or is it, as one of my law partners put it, that Lesar will be getting out (of the country) ahead of the indictments?

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