Monday, September 26, 2005

When you have guys like this in charge

From the Toronto Star
Many of the most prominent CEOs in the current administration aren't real business people at all, but faux CEOs who after a lifetime in politics cashed in on brief stints as trophy CEOs at Fortune 500 firms before returning to public life in George W. Bush's White House.

With few exceptions, those CEO stints — at Halliburton Co. (Dick Cheney), rail operator CSX Corp. (John Snow), and George "dry hole" Bush's string of oil-exploration flops in Texas — were not models of exemplary corporate stewardship.
You will see more stuff like this happening.
But for now, at least, the White House refuses to relinquish control of the biggest domestic reconstruction project in U.S. history, which will require the removal of enough debris across a six-state region to fill more than 600 football fields to a depth of 15 metres. Instead, as in Iraq, the administration has swung into action on behalf of Bush campaign donors, swiftly granting no-bid, cost-plus contracts in the Gulf Coast region to the usual suspects — Halliburton, Bechtel Corp., and Fluor Corp.

Halliburton and Bechtel are under federal investigation for alleged government over-billing on Iraqi reconstruction contracts.

Kenyon Worldwide Disaster Management, hired by FEMA to collect human remains in the Katrina-stricken region, is a subsidiary of funeral operator and longtime Bush contributor Service Corp. International (SCI). In Texas and Florida, SCI has settled class-action lawsuits alleging improper burial methods. (In one case, bodies were dug up and tossed in the woods so plots could be resold.)

Katrina subcontractor Goldstar EMS, a star-crossed ambulance provider, is being pursued for local tax arrears, is under federal investigation for suspected Medicaid fraud and is now operating in bankruptcy.

Another firm whose luck has changed for the better since Katrina is Bode Technology Group Inc., hired by FEMA to identify the bodies of storm victims. Bode was fired last month by Illinois state police over allegations of shoddy work
As some folks like to say, 'Good enough for government work'.

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