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Another US Company Goes Offshore!


cavanami

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Halliburton will move HQ to Dubai

 

DUBAI, United Arab Emirates - Oil services giant Halliburton Co. will soon shift its corporate headquarters from Houston to the Mideast financial powerhouse of Dubai, chief executive Dave Lesar announced Sunday.

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"Halliburton is opening its corporate headquarters in Dubai while maintaining a corporate office in Houston," spokeswoman Cathy Mann said in an e-mail to The Associated Press. "The chairman, president and CEO will office from and be based in Dubai to run the company from the UAE."

 

Another US Company Goes Offshore!

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Woohoo Haliburton

isn't that the company that got the Iraq Oil Deal without a competition? Wonder why this is??? Maybe some Dick had his Cheneys in it? Wanna bet that moving to Dubai will raise the prices, regardless the major tax breaks!!!???

 

Hopefully they won't dump too many employees in Texas!

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Did anyone else notice that the Mayor of Houston said he understands why they are doing this and that it will have negiable effect on the city. The company will continue to be incorporated in the US, will continue it with most employees based in Houston. The CEO is moving there to be closer to where the action in O&G business is today.

TH

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