In spite of all of the negative press, political scrutiny, and outright lies about Halliburton, they still had organizational problems with their Iraq contract and they are going to lose it.
Last month, Pentagon auditors urged the U.S. Army to start withholding millions of dollars in payments to Halliburton until the company justified its bills.
Various government agencies are investigating several aspects of Halliburton's work in Iraq, including allegations of kickbacks by Kuwaiti subcontractors and improper charges totaling hundreds of millions of dollars.
Halliburton never deserved the negative attacks it received. It's just a company like many others. It also sucks to have to prove yourself in a storm of negativity. However, the last thing you want to do is prove your critics right. This is an example of poor leadership. The press has been all over Halliburton since it won the Iraq contract. Instead of running things better and cleaner than the average company, sloppy business practices, poor management, and lazy accounting are going to energize the critics.
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