Why Halliburton HQ, CEO May be Moving to Dubai
Halliburton is under Justice Department Securities and Exchange Commission investigation over allegations of improper dealings in Iraq, Kuwait and Nigeria, and now the company is moving its headquarters and its chief executive officer, David J. Lesar, to Dubai. Halliburton will remain a US company subject to US laws, but Dubai has no extradition agreement with the United States, meaning that Mr. Lesar could not be compelled to return to the US to testify, stand trial or serve any sentence related to any Halliburton activities under investigation.
This move may be perfectly innocent, of course. But just in case it isn't, thank goodness we have a competent Justice Department to look out for the best interests of the American people!