Friday, November 11, 2005

Haliburton Diversifies lts Portfolio Of Dubious Business Practices

My Way Finance:
NEW YORK (Reuters) - An investigation by the U.S. Labor Department found that Halliburton Co.'s (HAL) pension plans violated the law three times and the company paid more than $8.6 million to correct the violations, the New York Times reported on Friday, citing correspondence from the department.


According to the Times, two of the violations began while Vice President Dick Cheney was the company's chief executive, but the largest infraction took place after he resigned in the summer of 2000.
So, Cheney ripped off the employee pension fund? And all that happened was a paid settlement? Hmmmmm.

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