Wednesday, July 28, 2004

Halliburton - mismanaging your property since.... 

So, the "adults are in charge" are they?

Millions in U.S. property lost in Iraq, report says - (via Bloomberg News)

Halliburton Co. has lost $18.6 million of government property in Iraq, about a third of the items it was given to manage, including trucks, computers and office furniture, government auditors claim.

The auditors couldn't account for 6,975 of 20,531 items on the ledgers of Halliburton's KBR unit, according to a report by Stuart Bowen, auditor for the coalition provisional authority inspector general.

Halliburton is providing services to U.S. troops under a contract that has generated $3.2 billion in revenue so far. LINK

Gives an all new meaning to the term "losers" doesn't it.

Update: WallyCox Lives (see comments) makes a good point:
"Just because it is on an inventory sheet doesn't mean it was actually purchased or there. Next step is to get them to prove they ever actually had it, because I'll bet you we got charged for it, as well as the cost of moving it over there."

Good point, especially since Hal-Burton and Co. are all part of the crew that spends a lot of time claiming to have things that aren't really there in the first place (WMDs, tangible evidence, competence, integrity, a hotline to God, etc...).
Should be no surprise if it turns out that the office furniture they claim to also possess does not actually exist. They're still "losers" though, no matter how ya look at it.


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