----- Original Message ----- From: "John D. Giorgis" <[EMAIL PROTECTED]> To: "Killer Bs Discussion" <[EMAIL PROTECTED]> Sent: Sunday, January 04, 2004 8:41 PM Subject: Re: Minimal Profits for Halliburton
> At 02:21 PM 1/4/2004 -0600 Dan Minette wrote: > >In addition, if there is anything like a cost plus bidding with a poor > >paper trail, it becomes a cost sink. Anyone who can get their costs > >association with that project can make their division balance sheet look a > >lot better. There are bonuses riding on those sheets, so there is an > >overwhelming incentive to do this. > > > >I'm not assuming any unusual bookkeeping here, just the stuff that oil > >service firms have been doing for decades. > > So, in other words, it seems to me that you are making a non-falsifiable > claim. There is absolutely no evidence that can be presented to you that > will persuade you that Halliburton is profiteering, right? > What Dan is describing is a pretty common business practice. Its not unusual at all. Even outside the oil business. I know for a fact that my company and others in the same field will do a construction job at zero profit or even at a loss, just to get a long term maintenance contract later. Happens all the time. xponent Femurduggery Maru rob _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
