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Is Halliburton Forgiven and Forgotten?

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Is Halliburton Forgiven and Forgotten?

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Or How to Stay Out of Sight While Profiting From the War in Iraq The Houstonian Hotel is an elegant, secluded resort set on an 18-acre wooded oasis in the heart of downtown Houston. Two weeks ago, David Lesar, CEO of the once notorious energy services corporation Halliburton, spoke to some 100 shareholders and members of senior management gathered there at the company’s annual meeting. All was remarkably staid as they celebrated Halliburton’s $4 billion in operating profits in 2008, a striking 22% return at a time when many companies are announcing record losses. Analysts remain bullish on Halliburton’s stock, reflecting a more general view that any company in the oil business is likely to have a profitable future in store. There were no protestors outside the meeting this year, nor the kind of national media stakeouts commonplace when Lesar addressed the same crew at the posh Four Seasons Hotel in downtown Houston in May 2004. Then, dozens of mounted police faced off against 300 prote

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