
Chaney and Bush
Halliburton aquired Dresser Industries in 1998. Here is some interesting info about Dresser industries:
Dresser had been founded by Solomon Dresser in 1880, and taken over in 1928 by W.H. Harriman & Company, the investment bank owned by the descendants of railroad magnate E.H. Harriman, himself a front for the British Royal Family. Under Averell and Roland Harriman, Dresser was a Skull & Bones shop, whose board included Bonesman and presidential father and grandfather Prescott Bush. Both Roland Harriman and Prescott Bush were directors of Union Banking Corp. when it was raided by Federal agents in 1942, under the Trading With the Enemy Act, for its dealings on behalf of Nazi Germany.
The Nation., NY - Jun 22, 2006
... Cheney personally negotiated the purchase of Dresser Industries--the deal was closed on a quail-hunting expedition--but he neglected to account for the ...
Amid all his other troubles, Vice President Richard Cheney is now stalked by a ghost from his past--the Richard Cheney who for five years was CEO of the Halliburton Company. When he left Halliburton in 2000 to become George W. Bush's running mate, the Republican ticket was touted as two tough-minded business executives running against wimpish politicians. "The American people should be pleased they have a vice presidential nominee who has been successful in business," Karen Hughes, Bush's then-communications director, enthused.
A rather different story is told by a class-action investor lawsuit against Halliburton, recently revived after languishing for four years. It describes Cheney as not much different from other corporate titans ensnared by accusations of fraud. Brushing aside facts and subordinates' warnings, CEO Cheney made a series of daring but wrong decisions that were disastrous for the company. The managerial incompetence was compounded by fraudulent accounting gimmicks that concealed the company's true condition. Cheney, however, relentlessly issued bullish assurances, hiding the losses and pumping up the stock price.
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