Halliburton gets $72 million bonus for work in Iraq

[no_to_war_economy]

http://reuters.myway.com//article/20050510/2005-05-10T185325Z_01_N1057215_RTRIDST_0_POLITICS-IRAQ-HALLIBURTON-DC.html

The U.S. Army said on Tuesday it had awarded $72 million in bonuses to Halliburton Co. for logistics work in Iraq but had not decided whether to give the Texas company bonuses for disputed dining services to troops.

Army Field Support Command in Rock Island, Illinois, said in a statement it had given Halliburton unit Kellogg Brown & Root ratings from "excellent" to "very good" for six task orders for work supporting U.S. troops in Iraq.

The Army said its Award Fee Board in Iraq had met in March and had agreed to pay KBR bonuses for work it did in support of U.S. forces there.

Halliburton, which was run by Vice President Dick Cheney until he joined the 2000 race for the White House, has earned more than $7 billion under its 2001 logistics contract with the U.S. military.

[democracyindanger]

1. I would hope that these bonuses

would be applied to the hundreds of millions of unaccounted monies due to Halliburton's negligence/outright corruption.

I know, I know. But I can hope.

[no_to_war_economy]

2. done

[Gidney N Cloyd]

3. Me so happy.

[gratuitous]

4. Halliburton's rung up $7 billion in business under Bush/Cheney

And to think the company was teetering on the edge of bankruptcy at the end of 2002. Why, it's the feel good business story of the decade! They're even getting bonuses for work they haven't done or did poorly!

Too bad the troops don't have adequate body armor or armored vehicles and they keep getting shot or blown up. We just don't have the money for those kinds of frills and luxuries.

[no_to_war_economy]

6. is there a Medal of Capitalist Freedom

they are a real inspiration to all greedy GOPers

[unhappycamper]

7. The Medal of Capitalist Freedom is better known as the

no-bid contract.

[Name removed]

22. Deleted message

Message removed by moderator. Click here to review the message board rules.

[saigon68]

5. Wonder how many of the " Award Fee Board in Iraq" are soon working for

THE HALLIBURTON CRIME FAMILY of Executives.

[Javaman]

8. In my next life, I'm coming back as a rich war profiteer!

[IChing]

9. This is why we cannot just pull out

What would happen to my hellisburton stocks? We have more work there, think about our workers and shareholders.

[Fire Walk With Me]

10. The number of children starving in Iraq has almost doubled since the war

http://news.scotsman.com/international.cfm?id=342672005

[6000eliot]

11. They're also paying our soldiers shit for being there.

[Fire Walk With Me]

12. And have cut their benefits for when they return

You got sometin' against Big Business???

How shameful...thank you Bush.

[Danmel]

13. What are the odds they'll donate it to buy the troops body armor

Alright, I must be hallucinating again.

[Fire Walk With Me]

14. But then the invasion wouldn't be as profitable

Can't have that.

[trof]

15. Halliburton Lands $72 Million in Bonuses

WASHINGTON - The U.S. Army said on Tuesday it had awarded $72 million in bonuses to Halliburton Co. for logistics work in Iraq but had not decided whether to give the Texas company bonuses for disputed dining services to troops.

Army Field Support Command in Rock Island, Illinois, said in a statement it had given Halliburton unit Kellogg Brown & Root ratings from "excellent" to "very good" for six task orders for work supporting U.S. troops in Iraq.
The Army said its Award Fee Board in Iraq had met in March and had agreed to pay KBR bonuses for work it did in support of U.S. forces there.

http://www.msnbc.msn.com/id/7806065/

Just...um..."no comment".
trof

[Up2Late]

16. Halliburton gets bonus for Iraq work (Reuters)

(Yippee, more bonuses for Dick!)

Halliburton gets bonus for Iraq work

Tue May 10, 2005 05:27 PM ET

By Sue Pleming

WASHINGTON (Reuters) - The U.S. Army said on Tuesday it had awarded $72 million in bonuses to Halliburton Co. (HAL.N: Quote, Profile, Research) for logistics work in Iraq but had not decided whether to give the Texas company bonuses for disputed dining services to troops. Army Field Support Command in Rock Island, Illinois, said in a statement it had given Halliburton unit Kellogg Brown & Root ratings from "excellent" to "very good" for six task orders for work supporting U.S. troops in Iraq. The Army said its Award Fee Board in Iraq had met in March and had agreed to pay KBR bonuses for work it did in support of U.S. forces there.

The Army said in a statement later that while it had given the company an additional $72 million, it had denied KBR $10.1 million in bonuses and not paid the maximum allowed on any of the task orders. "We have protected the taxpayer FIRST," said the Army in a statement released later, pointing out this paragraph had been "inadvertently left off" the original news release. The Army said dining facility costs questioned by auditors from the Defense Contract Audit Agency had not yet been considered by the military's Award Fee Board. No details were available as to when this dining fee bonus would be resolved.

Much of Halliburton's work for the U.S. military, ranging from building bases to delivering mail, is on a cost-plus basis, which means the company can earn up to 2 percent extra depending on its performance. Bonuses are awarded based on, among other factors, how efficient and responsible the company is to requests from the Army and is an indicator of how the Army views KBR's performance in the field.

KBR's logistics deal with the U.S. military has been in the spotlight from the outset in Iraq, with allegations by auditors that they overcharged for some work, including dining services. In addition, investigators are looking into whether the Texas-based firm charged too much to supply fuel to Iraqi civilians, a claim the firm says is not justified. Halliburton, which was run by Vice President Dick Cheney until he joined the 2000 race for the White House, has earned more than $7 billion under its 2001 logistics contract with the U.S. military.

© Reuters 2005. All Rights Reserved.

[Daphne08]

17. This administration has NO shame.

None.

[gizmo1979]

18. How do I get one of these contracts?

I can screw stuff up as well as the next guy.Man if I screwed up bad enough I might make a billion.

[hector459]

19. The American people should be outraged!

But they won't be.

[Name removed]

23. Deleted message

Message removed by moderator. Click here to review the message board rules.

[BadNews]

20. Not that it matters, but......

Is this bonus one that was already in the no-bid contract, or did this government decide to give it to them just because they are doing a bang up job?

Either way, they don't deserve it but I would like to know none the less. For example, when a company is contracted to build a highway, they may be entitled to bonuses if they finish portions of the construction ahead of schedule.

Is this the type of bonus we are talking about? Does anyone know or care? Is this really a contracted bonus that had already been agreed upon?

[Bridget Burke]

24. Well, since you're the one who's raised the possibility....

Why don't you do the research?

[Zerex71]

21. I'm so shocked!!!

This is totally unexpected! Hope Unka Dick likes his Xmas bonus!

[stickdog]

25. Poppy Warbucks rules the world! (nt)

[0007]

26. With all that money maybe they can keep Walter Reed Hospital

from closing.