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September 10, 2002

Haliburton Raids Employee Pensions

One more example of Halliburton malfeasance-- when it acquired a company called Dresser-Rand, it raided the pension fund then spun it off, booking a profit of $215 million as hundreds of employees found they had lost pension rights in the corporate takeover shuffle. Contrast this with Cheney's massive early pension payoffs when he left to become VP, despite the fact that he was owed nothing under the contract with Halliburton.

Posted by Nathan at September 10, 2002 08:28 AM

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Bush administration hands over control of Iraq to Halliburton
Baghdad to be renamed Halliburtonville.

Halliburtonville--In a three-hour ceremony Friday, L. Paul Bremer, the top civil administrator in Iraq officially handed over the country to energy services company Halliburton.

...www.freepressed.com

Posted by: Allen Houston at September 12, 2003 02:41 PM

My uncle lost his pension in the Hailburton/Dresser Rand deal right before he had planned to retire...he's 66 and now can't retire until he's at least 70. He's worked for the company for over 20 years (maybe 30, I'm not sure). It's pretty criminal that this could "legally' happen.

Posted by: a at December 19, 2003 02:53 PM

My uncle lost his pension in the Hailburton/Dresser Rand deal right before he had planned to retire...he's 66 and now can't retire until he's at least 70. He's worked for the company for over 20 years (maybe 30, I'm not sure). It's pretty criminal that this could "legally' happen.

Posted by: a at December 19, 2003 02:53 PM

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