Word: lesar
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...where oil executives and adventurers gathered to discuss "bidness." But these days, more and more energy executives are meeting at the Emirates Golf Club in Dubai, where Tiger Woods recently played, to discuss their deals. So, it shouldn't have been too surprising when Halliburton Chairman and CEO David Lesar announced that he was moving the headquarters of the enormous oil construction and logistics company to the business capital of the United Arab Emirates. The rest of the industry was migrating that way already...
...these are boom times for oil-field-service firms like Schlumberger, whose oil-field revenue is up 34% over last year's first quarter, and high-tech equipment makers like Baker Hughes (up 89%). Rig activity is so strong and demand for energy services so unprecedented, according to Dave Lesar, CEO of Halliburton Co., the Vice President's former outfit, that the oil-field-service conglomerate started raising prices this month. So have others. Oil-drilling ships are renting for $500,000 a day, double the charge of 18 months ago. "The price of oil is a transfer of wealth...
Kent N. Barrett, a spokesperson for Wisconsin—whose CEO alums include Exxon Mobil’s Lee F. Raymond, Halliburton’s David J. Lesar, Exelon’s John Rowe and Kimberly-Clark’s Thomas Falk—said he was not surprised by the study’s findings...
Halliburton's CEO, Dave Lesar, points out that "there are very few companies in the world that could or would adapt this quickly while, at the same time, [financing] an operation of this magnitude." He's right: only two other U.S. companies, DynCorp and Raytheon, bid for this kind of massive logistical responsibility in the last bidding round. Under the terms of its LOGCAP contract, KBR had less than three weeks to provide 27 dining facilities throughout Iraq for 120,000 troops...
Halliburton, which provides counseling in Iraq and vacation leaves every four months, says fewer than 1% of its 24,000 employees have asked to come home. After the Easter attacks, CEO Dave Lesar visited 1,200 workers in Kuwait, but by then scores of drivers had asked to come home. Heering is now working with his father-in-law in construction. His past-due bills are paid, but there's nothing for college. Although he is angry and anxious, Heering hasn't called about counseling. Come fall, he plans to vote for George Bush, but he has harsh words...