U.S. Army paid bonuses to KBR despite questions

Source: Reuters

The U.S. Army paid "tens of millions of dollars in bonuses" to KBR Inc, its biggest contractor in Iraq, even after it concluded the firm's electrical work had put U.S. soldiers at risk, according to a source close to a U.S. congressional investigation.

The Senate Democratic Policy Committee plans to hold a hearing on Wednesday to examine KBR's operations in Iraq, and question why the Army rewarded the Houston-based company.

The panel says KBR has been linked to at least two, and as many as five, electrocution deaths of U.S. soldiers and contractors in Iraq due to "shoddy work."

Investigators believe hundreds of other soldiers may have received electrical shocks, the source added. The Army is investigating.

Read more: http://news.yahoo.com/s/nm/20090520/pl_nm/us_iraq_army_kbr

Here's the link the banks' method, as referenced by Ozymandius in his Stock Market Watch posting today. Very creepy.
http://online.wsj.com/article/SB124277653430137033.html

gee golly whiz, those fellas deserve every penny!!

"Rewarding Failure: Contractor Bonuses for Faulty Work in Iraq"
http://dpc.senate.gov/

Wednesday, May 20, 2009

9:30 a.m. to 11:00 a.m.

628 Dirksen Senate Office Building

Click here to see the webcast of this hearing (Real Video).
Link will become active shortly before the hearing

Click here to view the press release.