A tip of the hat to Discourse.net for this bit of news:
Halliburton, the big energy services company, said today that it would open a corporate headquarters in the United Arab Emirates city of Dubai and move its chairman and chief executive, David J. Lesar, there.[snip]
The announcement about the Dubai move, which Halliburton made at a regional energy conference in Bahrain, comes at a time when the company is being investigated by the Justice Department and the Securities and Exchange Commission for allegations of improper dealings in Iraq, Kuwait and Nigeria. Halliburton has also paid out billions in settlements in asbestos litigation.
Halliburton officials did not elaborate today on what the shift of its top executive might mean. The move seemed to raise questions about whether Halliburton might gain tax advantages or other benefits from shifting into a foreign country with pro-business regulations.
One might also wonder what the extradition treaties with Dubai are like.....
