Skip to comments.For founder's grandson, Halliburton a family concern
Posted on 10/31/2004 2:19:40 AM PST by Stephen25
HE'S HEARD ENOUGH: Erle Halliburton III says his grandfather, who started the oil-services giant, wouldn't have wanted his company to work for the U.S. government.
For founder's grandson, Halliburton a family concern In O.C., Erle Halliburton III defends his grandfather's business, honor.
He remembers his grandfather as a simple, short and skinny tinkering inventor who loved to wander around labs and fabrication shops - always coming up with new gadgets. During World War II, as German submarines were destroying tankers taking oil to Europe, there was the idea to use long rubber tubes that could be towed by tug boats. Across Southern California, there were the cattle ranches and walnut groves, bought to find a way to produce cheap protein for poor people.
Over the past year, Erle Halliburton III, 62, has become increasingly frustrated at what he sees as his grandfather's legacy being tarnished by allegations that have become part of this year's presidential campaign.
"If people don't respond to the false accusations raised by the Democratic Party and certain Democrats, then no one has the opportunity to tell the truth about Halliburton and what it's all about,"
Pentagon officials reviewing a fuel contract awarded to a subsidiary of the company concluded the government had been overcharged as much as $61 million. Both the Pentagon's inspector general and the FBI have opened criminal investigations into the matter. This Halliburton is the eldest of five children born to Erle P. Halliburton Jr. While his father loved yachts more than oil, the founder's grandson followed his grandfather into the oil business. While he owns Halliburton stock, Halliburton is not an officer of the company and says he doesn't speak for it. But he said the company's virtual silence on the allegations has made him feel the need to speak out.
(Excerpt) Read more at ocregister.com ...
Probably how Heinz feels being associated with that lunatic wife of sKerry.
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