Word: halliburtons
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...preference for suvs over caribou. But no one thought his team would choose slaughterhouses over schoolchildren, even if only for a day. What connects these decisions is a preference for folks he knows: his oil-field buddies (mirrors of himself), corporate executives and captains of industry, from the Halliburton honcho to the Terminix franchisee. Some of them contributed mightily to his campaign; all are "dynamic entrepreneurs," as he likes to say, who have made America great--despite laboring under a raft of pesky government regulations. They have his gratitude...
...After departed Treasury hero Robert Rubin set the recent standard for departmental conflict-of-interest-avoidance when he cut his financial ties to his former firm Goldman Sachs, and Dick Cheney - after a bit of hedging - did the same with his Halliburton holdings, the already iconoclastic O'Neill was starting to give his boss headaches. (Perhaps the final straw was when the Democratic National Committee's web site kicked off a "O'Neill/Alcoa Stock Tracker" last week...
None of these arguments carry much weight among the oilmen. Phillips Petroleum, BP Amoco and ExxonMobil all hope to profit from ANWR leases. So do Halliburton--the oil-field services giant headed until recently by Vice President Dick Cheney--and Enron, a large energy marketer run by Bush buddy Kenneth Lay. For them, it seems, the only good oil field is a tapped oil field...
Odyssey Investment Partners and First Reserve Corp., a pair of buyout firms, were among the earliest to tap this replenished reservoir to finance a takeover. Last week they agreed to buy Dresser Equipment from oil-services giant Halliburton for $1.6 billion. More of that can't be far behind...
...uncompassionately conservative record, voting no on everything from Head Start to college-student aid to the Older Americans Act, which offers support services to the elderly. This prompted the joke that Cheney's never met a welfare program he liked. When the New York Times examined his stint at Halliburton, it found that he was more an ambassador attracting business through government contacts than a hands-on executive. He's had to explain his past support for OPEC's pinching off supply to boost prices and his company's overseas policy of Americans-only rest rooms. He dithered for weeks...