Corruption and Government Contracts Corruption, what is it and why it seems to thrive in the world of business…specifically government contracting? The Marriam-Webster dictionary defines “Corruption” as “impairment of integrity, virtue, or moral principle” (vulnerability to bribery); “improper and unlawful conduct intended to secure a benefit for oneself or another” (“corruption,” 2010). All over the world, there are stories of corruption from money laundering, unjustly awarding government contracts
Halliburton is one of the largest Drilling companies in the world. This company has over 50,000 employees and operates in more then 70 Countries including North America, Central & South America, Africa, Europe, Middle East, Asia, and Oceania. Halliburton consists of two company divisions-(1) Drilling and Evaluation and (2) Completion and Protection This paper will go over the various aspects of Management planning within Halliburton. Planning Function of Management Planning is essential at all
In 2010, Halliburton produced revenue of $17,973 billion and operating income of $3,009 billion, reflecting an operating margin of approximately 17%. Revenue increased by $3,298 billion, or 22% from 2009, while operating income increased $1,015 billion, or 51% from 2009. According to Halliburton’s 2010 Annual Report, “these increases were due to its customers’ higher capital spending throughout 2010, led by increased drilling activity and pricing improvements in North America” (Hal 2010 annual report)
Introduction “Hydraulic fracturing involves the use of water pressure to create fractures in rock that allow the oil and natural gas it contains to escape and flow out of a well (Energy From Shale).” Fracking has served to extract natural gas and oil where other methods would not be as successful but many environmentalists argue that fracking is affecting the environment and our drinking supply of water. Although fracking is still a controversial topic, it provides Americans jobs, increases the economy
HALLIBURTON COMPANY ETHICAL CODE OF CONDUCT The Code of Business Conduct serves as the primary means by which organization communicates its commitment to the ethical and legal conduct of its employees as well as to various stakeholders. The Code of Business Conduct is intended to provide an effective and comprehensive guidepost regarding the Company's expectation for ethical behaviour. The effective date of the Code of Business Conduct is August 2013, the date of distribution of the Code to all
of the Halliburton Company and analyze the impact that legal issues, ethics, and corporate social responsibilities have on management planning along with examples of each, and analyze three factors that influence strategic, tactical, operational, and contingency planning. Planning is the core area of all the functions of management. Halliburton Company was founded in 1919 and is headquartered in Houston, Texas with an additional headquarter in Dubai, the United Arab Emirates. Halliburton Company
Richard Halliburton was born on January 9, 1900 in Brownsville, Tennessee. He was an American traveler, adventurer, and author. Halliburton attended Memphis University and Lawrenceville school during his childhood. Upon graduating Lawrenceville school, Halliburton was the chief editor of The Lawrence. Princeton University was his post secondary choice. In 1919, Halliburton left college temporarily to travel to England and explore historic places around the area. Arriving back to the United States
Alternately, the Court has to be akin to the differences between Fraud on the Market and common law deceit.(See, e.g., Jill E. Fisch, The Trouble with Basic: Price Distortion after Halliburton, 90 WASH. U. L. REV. Deceit and the the reliance was developed in an environment where there were face to face transactions. It cannot be expected to apply in today’s world where there is institutionalization, globalization and computerized trading
land and livestock (Slocum). Then in the cementing process, due to poor judgement on BP and Halliburton, they figured that 6 centralizers that was specified for the job originally would work even though the simulation stressed that 21 should have been used. In this matter I would say that both companies are liable for this decision. Knowing that from the simulation it would not bond correctly with 6, Halliburton should not have let BP continue. BP knowing too that their rig was in dire need of repair
DISCOURSE COMMUNITY #1 Name of Discourse Community: The Salvation Army URL: http://www.salvationarmyusa.org/usn/ Brief Description of Community: The Salvation Army is an international nonprofit organization that meets the local needs of their community by offering spiritual, physical, and emotional services. They also offer immediate relief, short-term care, and long-term growth in the areas that will best benefit the community. Which of Swales’ six characteristics do you think are present in this
previous 2009 rig accidents. Thomas Roth, a senior Halliburton executive in charge of cementing operations during the period of the spill, confirmed that well design alongside other external factors resulted in “the cement placement to be a job that would have a low probability of success” (Krauss,Meier). Even with conducted stability tests on cement samples and proceeding investigations clearing indicating that the cement was not stable, BP accused Halliburton of destroying evidence of its cement testing
areas of dispute with the selection of this company. In July and August of 2003 One of them being based on the fact that Vice President Dick Cheney was the former CEO of Halliburton, which is now the biggest single government contractor in Iraq. Another disputable area is that by appointing private corporations such as Halliburton costs taxpayers more money than what should be spent by the government. In conclusion, Moore provides many facts that tend to show that President George W. Bush utilizes
Introduction The Deepwater Horizon was a dynamically positioned drilling rig which owned by Transocean and it was chartered to BP from 2008. On April 20, 2010, the offshore oil rig exploded, the explosion was the largest accidental marine oil spill in the history of the petroleum industry as the oil leaked 205.8 million gallons of crude oil into Mexico Gulf Coast and BP spent 86 days to cap the well, stopping the oil flow into Mexico Gulf for the first time. This report covered some facts about the
Private Military and Security Companies The modern Private Military and Security Company (PMSC) came to be after the end of the Cold War. An increase in government interest in privatization and outsourcing combined with an age of warfare where civilians and combatants were increasing difficult to differentiate created the perfect environment for PMSCs to expand (Singer). Although PMSCs play an integral role in providing basic services for the United States military, the extent of their role must
1998. Document. 6 February 2014. < http://www.justice.gov/criminal/fraud/fcpa/docs/antibribe.pdf>. U.S. Securities and Exchange Commission. SEC Charges Johnson & Johnson With Foreign Bribery. 2011. Web. 7 February 2014. . —. SEC Charges KBR and Halliburton for FCPA Violations. 19 February 2009. Web. 7 February 2014. . —. Spotlight on Foreign Corrupt Practices Act. 14 November 2012. Web. 20 February 2014. .
that person an opportunity to form an individual opinion over it. Works Cited Etienne, Louis. "The American Storytellers-Edgar Allan Poe." Affidavits of Genius. Ed. Jean Alexander. Port Washington, N.Y.: Kennikat Press, 1971. 134-139. Halliburton, David. Edgar Allan Poe: A Phenomenological View. Princeton, NJ: Princeton University Press, 1973. Poe, Edgar Allan. "The Masque Of The Red Death." Bridges: Literature across Cultures. Eds. Gilbert H. Muller and John A. Williams. New York: McGraw-Hill
America, rural landowners are getting outstanding offers from energy companies wanting to lease their property. How come? It is because these people are unknowingly sitting on the "Saudi Arabia of Natural gas". Moreover, an energy company known as Halliburton found an innovative way of tapping into it, known as hydraulic Fracturing. B. Thesis statement: Hydraulic fracturing is a menace to our way of life and should cease to continue if we value the well-being of ourselves and the well-being of our
Operation FEMA Camps On October 1, 2013 Obama had signed a law passing the Obama Care to help people with healthcare, but in fact forced the government to shut down and eliminate food share to help pay for the Obama care. Due to the fact that many people rely on the government’s food share to help them survive, thousands of people were declined from Obama care and therefore had no healthcare and no food to help them survive. The Government shutdown is the beginning of Homeland security’s “ENDGAME”
case by informing the evidence of unskilled interpreters of Titan Corporation jeopardizing the military missions; and Halliburton proving unclean water for the U.S. soldiers. The most significant indication is the outbreak of Abu Ghraib prison scandal, which demolishes the image of U.S in the international community. In addition, the Pentagon had found evidence that Halliburton overcharged 1 billion dollars to the taxpayers. The question is how responsible PMCs are in handling such crisis? Don
The act of war is hardly cheap. In fact, as the years go by and technology progresses, each war becomes increasingly more expensive than the last. There are troops to train, house, and feed, as well as transportation to provide and weapons to manufacture. Many people fail to realize that the spending continues long after the war has ended in the form of stabilizing and reconstructing war-torn countries and care for veterans. A large amount of this money comes from United States taxpayers. While