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Word: fluor (lookup in dictionary) (lookup stats)
Dates: during 2000-2009
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...persuade their peers to join forces against graft. In 2002, for example, mining companies agreed to a set of ground rules called the Extractive Industries Transparency Initiative (eiti), under which they disclose their payments to government. Alan Boeckmann, chairman and chief executive of the giant U.S. construction company Fluor, is trying to extend such cooperation to other industries. So far he has persuaded some of his rivals, partners and customers to join an anticorruption initiative, which now has more than 100 signatories. "I am seeing change, although clearly it is neither enough nor fast enough," Boeckmann says. "But there...

Author: /time Magazine | Title: The Endless Cycle Of Corruption | 2/1/2007 | See Source »

...hold no joy for those grinding away at FEMA's National Response Coordination Center located in a sad annex behind a southwest Washington Holiday Inn. "The size of it is daunting. The speed with which it needs to be delivered is very difficult," says Bob Spaulding, project manager for Fluor Corp., one of the companies awarded $100 million to help provide temporary housing to nearly 1 million people in the region. To help quicken the pace of rebuilding, the government has relaxed some of its normal rules, guaranteeing contractors a certain profit regardless of what they spend, allowing many contracts...

Author: /time Magazine | Title: How to Spend (Almost) $1 Billion A Day | 9/18/2005 | See Source »

Most of the major Katrina contracts doled out so far have been for temporary housing, and they have gone, by and large, to companies with strong ties to the Bush Administration, including Bechtel, Fluor and the Shaw Group, which recently built a helicopter pad for Vice President Dick Cheney's home in Washington. A $3 billion engineering-and-consulting behemoth that has equally close connections to the Louisiana Democratic Party, the Shaw Group, based in Baton Rouge, La., counts former Bush campaign manager Joe Allbaugh as one of its lobbyists in Washington and has scored two separate $100 million Katrina...

Author: /time Magazine | Title: How to Spend (Almost) $1 Billion A Day | 9/18/2005 | See Source »

...five-member board appointed by the Governor, will award a $24 billion contract to develop proposals for the TTC's first multimodal corridor--a 600-mile stretch from Mexico to Oklahoma needed for NAFTA trucking and rail. In the running are three consortiums, one headed by the California-based Fluor Corp., another that includes Halliburton's Kellogg Brown & Root subsidiary and a third headed by the Spanish tollway operator Cintra. Fluor got into the game early. It submitted an unsolicited bid for work on the Trans-Texas Corridor in early 2002, before there was even an approved state plan...

Author: /time Magazine | Title: The Next Wave in Superhighways, or A Big, Fat Texas Boondoggle? | 12/17/2004 | See Source »

...firms - including Hochtief of Germany, Swiss-based ABB and Skanska of Sweden - unveiled a set of principles aimed at eliminating bribery, contending that businesses themselves are hurt by rampant payoffs because they distort competition. "There is significant corruption in the industry," Alan Boeckmann, chief executive of U.S. construction giant Fluor, tells TIME. Some big players, including Bechtel and Halliburton - which last week fired two employees for allegedly taking $6 million in kickbacks from a Kuwaiti subcontractor - declined to participate, but with an accord now in place there is growing pressure to sign up. Will the pledge be enforced...

Author: /time Magazine | Title: Biz Watch | 1/25/2004 | See Source »

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