The Halliburton Agenda: The Politics of Oil and Money
Despite their shared preference for keeping a low profile, Vice President Dick Cheney and Halliburton, his former employer, gained notoriety in the aftermath of the war in Iraq thanks to a series of lucrative government contracts awarded to Halliburton, for which they never had to bid. Business journalist Dan Briody sheds light on the history of the company and demonstrates how its present-day relationship with influential politicians is not anomalous but part of a time-honored yet ethically suspect tradition of doing business. Briody introduces Erle Halliburton, who was born into poverty but found great financial success with innovative oil well technology. And while Halliburton avoided getting close to elected officials or pursuing government contracts, the Brown brothers of Texas-based Brown & Root made the nurturing of "pet politicians" a top priority as they grew their construction business into one of the most powerful in the nation.The Halliburton Agendadetails the mutually beneficial relationship the Browns shared with an up and coming Lyndon Johnson as money and influence flowed freely between the two. Halliburton acquired Brown & Root in 1962 and with it, Briody contends, plenty of questionable business practices that continue to this day. Dick Cheney looms ominously on the book's cover but he doesn't appear much in the book until fairly late in the Halliburton story. Still, because Cheney's early-1990s' appointment to the job of CEO (after no private sector experience) and departure to be Vice President in 2000 coincided with an upsurge in Halliburton revenues and controversies, there's plenty of material to examine. While many have questioned what sway corporations have in the George W. Bush administration, Briody's extended look at Halliburton's corporate culture and history provides enlightening perspective.--John Moe