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Halliburton: the picture of everything that is wrong about big business



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OK, we've had talk of bribes, price gouging and overbilling and now there's a new report out that says a third or more of US government property that Halliburton was paid to manage can not be located by auditors. Maybe the missing equipment is the same place as the WMDs.

Bowen reported that an audit earlier this summer found KBR had lost track of more than $18 million worth of equipment in Iraq. Investigators could not track down 52 of 164 randomly selected items in an inventory of more than 20,000 items overseen by KBR, including two electric generators worth nearly $1 million, 18 trucks or SUVs and six laptop computers.

Pentagon and Halliburton officials have been searching since the summer for the missing items and have tracked down many of them. Some were found in the hands of "unauthorized users" and 111 vehicles had not been returned for required check-in, they said.


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