Everyone blames the failed merger, but while we are at it we might as well acknowledged that Hal has run out of the Iraq War monies.
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Incompetence breeds incompetence
The part of Halliburton that was involved in those Iraq contracts isn’t even a part of the company anymore. It was spun off onto its own separate business more than a decade ago.
The failed takeover of Baker Hughes saddled the current Halliburton with a high level of debt. Halliburton issued $9 billion in corporate bonds to raise the money to cover the breakup fee when the deal fell through and cover other expenses. It is this high debt and the interest to service it that is weighing the company down and placing it in extra jeopardy.
People are quick to forget things I see, you tube it.
Millennials don't read, where do you think TLDR came from?
IRAQ = Halliburton
The case of the $7B and DC. Start you reading trail
What is Iraq monies?
What on earth are talking about???