Tuesday, July 12, 2011

Flour Corporation

12 July 2011

Fluor Corporation – Texas

Please Note:  I understand that this is a complicated web, but I advise you to take some time and browse through the links and articles listed on the bottom of this post.  If you read the information, you will start to realize how this mess with our money spent on wars, are connected with oil, our government officials, and the contractors.
•    Partners for Anti-Corruption with the World Economic Forum
•    Board brimming with former high-ranking military officials (as well as the wife of former CIA director R. James Woolsey, (See below listings of Board members)
•    Descended from partnership with the Bin Laden family’s primary financial conglomerate,, bringing its own multi-billion dollar clout throughout the world
•    Has a majority partnership with and is controlled in large part by the bin Laden family's holding company, Saudi Investment Corporation (SICO). (SICO partnered with the Fluor subsidiary American Daniels Realty), SICO is managed by Osama bin Laden's brother and close Bush family associate, Yeslam bin Laden, who, while claiming to be estranged from Osama for decades shared a joint bank account in the ‘90s with the Al Qaeda leader.
•    Flour has paid tens of million dollars in refunds and fines for abuse and overcharging the Defense Department, the Department of Energy and others.
•    Flour has a contract worth nearly $4 billion to manage the Hanford nuclear site in Washington state, designated the most contaminated site in North America. The company fired whistleblowers who complained that Fluor's cost cutting created health and safety hazards at the high-level site. The Supreme Court ordered Fluor to pay the whistleblowers more than $4.7 million in damages but, surprisingly, the U.S. government reimbursed the company millions of dollars in legal costs associated with the case.
•    Has been charged with the abuse of black workers and financial fraud in apartheid-era South Africa in two undecided multibillion-dollar lawsuits.
•    Board member Suzanne Woolsey is the the former CIA director who advocated strongly for the Iraq war and sits on the boards of many companies who have profited immensely from his influence in government. She joined Fluor's board of directors in 2004, and during her tenure, Fluor has received billions of dollars in Iraq reconstruction contracts. Through her trusteeship at an arms consulting group, her membership to the Council on Foreign Relations, and her directorship of the Institute for Defense Analyses, Suzanne Woolsey makes recommendations--often benefiting Fluor--to senior Pentagon leaders directing the Iraq war.
•    Ken Oscar, Fluor's vice-president of strategy, was formerly Assistant Secretary of the Army, where he was in charge of procurement and acquisition,
•    Phillip Carroll stepped down as Fluor's CEO in 2002 to work for the Pentagon on plans for Iraq's oil sector in the event of war. President Bush in 2003 appointed Carroll to oversee the rebuilding of Iraq’s oil industry, while Carroll still owned 1 million Fluor shares. The Iraqi Oil Ministry has since doled out hundreds of millions of dollars in contracts to Fluor. Carroll is also a top executive of the British defense contractor, BAE systems, with billions in contracts from the defense dept.
•    U.S. Admiral Bobby Ray Inman, who headed the National Security Agency, was vice director of the Defense Intelligence Agency and was Deputy Director of the CIA, also served Fluor's board from 1985 to 2003.
•    The U.S. Export-Import Bank (Ex-Im), which is supposed to underwrite financing for small to mid-size U.S.firms exporting to emerging countries.   Philip Merrill, as head of Ex-Im from 2002 to 2005, instead secured credit for huge Iraq contracts awarded to Fluor, and other insider behemoths, such as Halliburton and Bechtel.   Billions of Ex-Im dollars disappeared in Iraq under the politically hard-wired Coalition Provisional Authority. In July 2005, Merrill resigned from Ex-Im after an ongoing dispute with the Bush administration over his refusal to approve a billion dollar loan guarantee for China.
•    In 2006, Merrill’s body was found in the Chesapeake Bay, with an anchor tied to his ankle, and a shotgun blast through his head.
Information from: National Corruption Index 

Subsidiaries: ADP Marshall Contractors Inc.; American Equipment Company, Inc.; A.T. Massey Coal Company, Inc.; Fluor Constructors International, Inc.; Fluor Daniel Inc.; Fluor Daniel Williams Brothers; Fluor Daniel Pty. Ltd. (Australia); Fluor Daniel Brasil; Fluor Daniel Canada Inc.; Fluor Daniel Wright Limited (Canada); Fluor Daniel Chile, S.A.; Fluor Daniel China, Inc.; Fluor Daniel India Private Limited; Fluor Daniel Eastern, Inc. (Indonesia); Fluor Daniel (Malaysia) Sdn. Bhd.; ICA Fluor Daniel (Mexico); Fluor Daniel B.V. (Netherlands); Fluor Daniel Consultants B.V. (Netherlands); Fluor Daniel Sucursal del Peru; Fluor Daniel Pacific Inc. (Philippines); Fluor Daniel Eurasia Inc. (Russia); Fluor Daniel Arabia Limited (Saudi Arabia); Fluor Daniel Engineers & Constructors Ltd. (Singapore); Fluor Daniel South Africa Pty. Ltd.; Fluor Daniel España, S.A. (Spain); Fluor Daniel Group Inc. (United Arab Emirates); Fluor Daniel International Limited (U.K.); Fluor Daniel Limited (U.K.); Tecnofluor Inc. (Venezuela).

Principal Operating Units: Fluor Daniel; Fluor Global Services; Fluor Signature Services; A.T. Massey Coal; Fluor Constructors International.
Board Members:  (Partial list)
Peter K. Barker: California Chairman of JPMorgan Chase & Co., a global financial services firm, since September 2009. Former Advisory Director of Goldman, Sachs & Co. from December 1998 until his retirement in May 2002; and Partner of Goldman, Sachs & Co. from 1982 to 1998; joined Goldman, Sachs & Co. in 1971. 
Rosemary T. Berkery
Director since 2010; member of the Governance Committee. Vice Chairman of UBS Wealth Management Americas and Chairman of UBS Bank USA since March 2010. Former Vice Chairman, Executive Vice President and General Counsel of Merrill Lynch & Co. from 2001 to 2008. Joined Merrill Lynch in 1983.
Peter J. Fluor
Director since 1984; Lead Independent Director; Chair of the Organization and Compensation Committee and member of the Executive and Governance Committees. Non-Executive Chairman of the Board, January to July 1998. Chairman and Chief Executive Officer of Texas Crude Energy, Inc., an international oil and gas exploration and production company, since 2001; President and Chief Executive Officer of Texas Crude Energy from 1980 to 2001; joined Texas Crude Energy in 1972. Mr. Fluor is also a director of Anadarko Petroleum Corporation and Cameron International Corporation.
James T. Hackett
Director since 2001; member of the Governance and Organization and Compensation Committees. Chairman (since 2006) and Chief Executive Officer (since 2003) of Anadarko Petroleum Corporation, an independent oil and gas exploration and production company. Former President and Chief Operating Officer of Devon Energy Corporation from April 2003 to December 2003; and Chairman (from 2000), President and Chief Executive Officer (from March 1999) of Ocean Energy, Inc. until April 2003. Mr. Hackett is also a director of Halliburton Company and Anadarko Petroleum Corporation.
Kent Kresa
Director since 2003; Chair of the Audit Committee and member of the Executive and Organization and Compensation and Executive Committees. Chairman Emeritus of Northrop Grumman Corporation, a global defense company, since September 2003. Former Chairman and Chief Executive Officer of Northrop Grumman Corporation from 1990 until April 2003. Mr. Kresa is also a director of MannKind Corporation.
David T. Seaton
Director since 2011. Chief Executive Officer of the Company since February 2011; former Chief Operating Officer of the Company from November 2009 to February 2011; Senior Group President, Energy and Chemicals, Power and Government from March 2009 to November 2009; joined the Company in 1985. Mr. Seaton also serves as a director of The Mosaic Company. He is a member of the Business Roundtable, and a board member of the American Petroleum Institute and the U.S.-Saudi Arabian Business Council. He is also a board member of the World Economic Forum’s Partnering Against Corruption Initiative and is co-chair of the Forum’s Global Agenda Council on Corruption.
Dr. Suzanne H. Woolsey
Director since 2004; member of the Audit and Governance Committees. Former Chief Communications Officer of The National Academies, an independent, federally chartered policy institution that acts as an advisor to the nation on science, engineering and medicine from 2000 to 2003; Chief Operating Officer of The National Academies from 1993 to 2000. Dr. Woolsey is also a director of Invesco Van Kampen closed-end funds.

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