Another Halliburton/KBR Key Exec - Dave Swindle - in Leadership of Walter Reed Contractor

http://www.iapws.com/who/leadership.aspx

Look at Dave Swindle's bio.

Then, see my journal entries - months ago - about him: http://www.google.com/search?hl=en&q=swindle+corpgovactivist

Note that this is the company that is supposedly throwing its hat in the ring for LOGCAP IV (the logistics contracts that Halliburton/KBR botched in Iraq and other forward-deployed areas of operation): http://www.google.com/search?hl=en&safe=off&q=iap+logcap

http://www.google.com/search?hl=en&safe=off&q=iap+logcap+swindle

As I noted in the fall, IAP is essentially a shell designed to create the illusion that there was real, full, and fair competition to replace Halliburton/KBR on LOGCAP III: http://www.google.com/search?hl=en&safe=off&q=logcap+iii+halliburton

- Dave

P.S. This also leads back to the e-mails I received by accident while working in Swindle's group at Halliburton/KBR: http://www.sec.gov/cgi-bin/browse-edgar?company=smith+david+allen&CIK=&filenum=&State=&SIC=&owner=include&action=getcompany

; )

- Dave

... I kid you not, and I really did work for him.

- Dave

... are going to have a field day.

- Dave

How are ye...?
Excitements building agin...
Whoopee!!

:rofl:

... "If there's a Swindle involved, there's a swindle involved."

http://www.google.com/search?hl=en&q=swindle+corpgovactivist

- Dave

K&R

GREAT to see you, luv!

- Dave

With not enough time for the Interweb. It's hot as hell here and I'm wishing for a cooling rain while waiting for pizza. You?

Cheers, Sweetie!

... more on that later.

; )

- Dave

At least 5 of IAP's executives are former Halliburton executives.

Charles E. Dominy
Vice President, Government Affairs

Chuck Dominy joined IAP in July 2005, after managing the Washington, D.C. Government Affairs Office for Houston-based Halliburton Company, a provider of energy services and products.... He also served as the Chief of Legislative Liaison responsible for all Army activities related to the U.S. Congress.


Craig Peterson
Senior Vice President, Major Operations

Craig Peterson has more than 30 years of senior management experience in government services, homeland defense, program management, and systems integration. At IAP, Peterson is responsible for the pursuit and development of major new operations contracts to provide logistics, life support, and procurement and operations support for the services sectors of the Department of Defense. Previously, Peterson served as Vice President of Contingency and Homeland Operations for Kellogg Brown and Root.

David B. Warhol
Vice President, Human Resources
David B. Warhol brings more than 30 years of experience in executive level human resources to IAP. At IAP, Warhol is responsible for strategic planning, management and organizational development, staffing requirements, labor relations and human resources systems development. ... he served as the Global Human Resources Director for the Government Services/Environmental/Civil Unit of Brown and Root, Inc., where he was responsible for business acquisition, project support, and DCAA audit response and defense, from a human resources perspective.

... designed to create the illusion that there was real competition to replace Halliburton/KBR for LOGCAP III.

- Dave

That's the 5 billion bonanza to supply troops in Iraq, right? So they create this shell company to at least give the illusion of competitive bidding. But it's such a thin disguise, who are they really fooling? I googled the logcap contract, and KBR & IAP were the "competitors" for the contract. The depth & breadth of this Administration's criminality is still stunning to me. THANK YOU for all your great work exposing this corruption!


And here's one other Administration connection: Bush Treasury Sec. John Snow controls IAP. (But this probably isn't news to you!)

... to refresh my memory on that!!!

Wow. This stuff is gonna break big. I know for a fact that Waxman's staff have been on this for a while.

Look at the Cerberus website, and watch for hedge fund regulation legislation to come out of this. Note how secretive they are: http://www.cerberuscapital.com/

They're just like Carlyle.

- Dave

Cerberus is scary. This hedge company has come out of nowhere to own over $24 billion dollars worth of assets; it's got 28+ companies & 100,000+ employees (more employees then Exxon). They specialize in snapping up "distressed businesses" - meaning bankrupt &/or struggling companies. Cerberus seems to have huge amounts of capital at its disposal - just in the last year, they bought Delphi (for $3.4 Billion), GM's financing company GMAC ($14 billion), Albertsons supermarkets ($17.4 billion), as well as numerous TV stations & government contractors. What's more, RUMSFELD is a major Cerberus investor. ("Defense Secretary Donald H. Rumsfeld was an investor in 2001, according to government ethics disclosures.") The amount of capital involved is mind-boggling - where is all this money coming from? Even Halliburton is regulated & has to file corporate records, but these hedge funds can operate in total secrecy & privacy, even while they swallow up billions of dollars worth of public property. In my tinfoil moments, I wonder if maybe Cerberus is Carlye - behind all the shells, they're both just huge money pots that allow powerful parties to funnel their wealth w/o public disclosure.

Business Week: "What's Bigger Than Cisco, Coke, Or McDonald's? - Steve Feinberg's Cerberus, a vast hedge fund that's snapping up companies -- lots of them" -http://www.businessweek.com/magazine/content/05_40/b3953110.htm

What's even scarier is how Cerberus is using all that money to buy politicians. The company was recently involved w/a big scandal involving Republican Rep. Jerry Lewis. Cerberus's contracting company had a $1 billion dollar contract to run the Navy/Marine's computer network. But the program had major problems - cost overruns, delays, shoddy work & management incompetence (Just like at Walter Reed). In 2002, the House Appropriations Comm. released a report criticizing the company, and voted to cut the contractor's funding by 10%. Lewis, the head of the Defense Appropriation subcommittee, also supported the cut & criticized the contractor's performance.

Suddenly, Cerberus launched a huge lobbying/bribery operation to stop the funding cut. They hired Patton Boggs to lobby the committee for over $1 million dollars. And Cerberus suddenly took a great interest in Lewis's career. In June 2003, Cerberus gave $110,000+ dollars to Lewis's PAC (Future Leaders PAC). The day after receiving this contribution, Lewis suddenly changed his mind. On June 16, Lewis suddenly decided to oppose the funding cut, and his Defense Appropriations subcommittee approved the full $1 billion contract.

Lewis then used this PAC money to fund other Republican's 2004 re-election campaigns & martial political support. He traveled WITH Cerberus executives to Cong. fundraising dinners & almost acted as their agent to direct contributions to other "favored" Republican Congressmen. A month later, in July 2003, Hastert appointed Lewis as the new "chief negotiator" on the 2004 Defense Bill. In that capacity, Lewis managed to increase Cerberus's Navy/Marine contract by another $600 million dollars. And one year later, the Republicans elected Lewis to be the new Chairman of the Appropriations Committee, the most powerful committee in Congress. Lewis stated that Cerberus's fundraising "played a very significant role" in his winning the post.

"The congressman & the hedge fund" - USA TODAY, 1/16/2006 - http://www.usatoday.com/news/washington/2006-01-19-cerberus-cover_x.htm

This is HUGH. Cerebus bribed Lewis to keep giving them gov. contracts, in spite of their incompetence, mismanagement and shoddy work. And then, Lewis used that money to buy influence & create power for himself. Appropriations Chairman is the most competitive position in Congress because the Chairman gets to decide who gets the lucrative pork projects. Republicans elected Lewis, because he was able to buy their vote w/all that Cerberus PAC money he was spreading around. And why did Hastert decide to appoint Lewis as the "chief negotiator" for that bill? Who did they bribe to cover up the Walter Reed negligence? We could find that Cerberus has bribed practically the entire Republican majority.

And here's another piece of the puzzle. Guess who was investigating Cerberus's contributions? CAROL LAM, the US Attorney who was just fired by the Bush Administration! After the USA Today story broke in 2006, a watchdog group asked the Justice Dept. to begin a criminal probe of Lewis & Cerberus. http://www.usatoday.com/news/washington/2006-01-19-lewis-cerberus_x.htm. Carol Lam, the US Attorney in charge of Lewis's southern CA district, opened a new investigation into Lewis & Cerberus a few months ago. She was fired days after asking the new Dem majority for documents related to this case.



Lewis's Future Leaders PAC disclosure form from 2004 - almost half the contributors are Cerebus employees. - http://www.opensecrets.org/pacs/PACGAVE.asp?strID=C00269407&txtSort=N&Cycle=2004&Format=&Page=4

... and a few of these key hedge funds are likely to spawn some new legislation this Congress.

http://financialservices.house.gov/

http://banking.senate.gov/index.cfm?FuseAction=Hearings.Home

- Dave

Thanks, they do need to be regulated, and hopefully the new Dem Congress will take some action on these hedge funds. I have a couple questions, if you have time to answer.

1.) If IAP is actually owned by Cerebus, how can it be a Halliburton shell company? How would Halliburton benefit from Cerebus's profits? Is there some sort of relationship between the two companies? Could Cerebus also be an owner of Halliburton?

2.) I don't really understand how these hedge funds work. What, exactly, are they? I thought they were just investment companies, like a mutual fund, but Cerberus seems to actively own & operate all of these businesses. Where do you think all the billions of dollars are coming from to fund these operations?

Thanks!

http://en.wikipedia.org/wiki/Hedge_funds

http://www.sec.gov/cgi-bin/txt-srch-sec?section=Entire+Website&text=hedge+funds&sort=rank

http://en.wikipedia.org/wiki/Cerberus_Capital_Management

"I thought they were just investment companies, like a mutual fund,"

One key difference?

Mutual funds are required to file quarterly holdings reports. For example:

http://www.sec.gov/Archives/edgar/data/61397/000006139707000001/main.htm

- Dave

And a kick. :kick:

One of his brothers is my nieghbor and was a classmate. He comes from a good family and I don't know what the hell happened.

:shrug:

... when I sat through the seminars on how the company was going to use the bankruptcy system to escape the bulk of the mesothelioma liability, I lost all respect for Lesar.

- Dave

You may have answered your own question.

I've been unfortunate enough in my work career to have been a "fly on the wall" in many executive suites. Most of them are privileged white boys born into the right families who have learned the right line of bullshit in their teens from their corporatist parents. Then their line of crap is "refined" at business school or in their summer "internships".

The majority of them are not intelligent enough to think their way out of a paper bag. I've met many more intelligent human beings in my dealings with working class Union folks than I ever did in the corporate suites.

They are almost uniformly upper-class elitist shits and aren't worth the powder to blow their asses to hell.

But they own the political system in this country....

While I do not know him personally I do know his parents and brothers. One brother is a high school teacher and another I belive works in marketing in a medium sized advertising company. His parents and brothers are quiet, unassuming, and very friendly. Not at all what you would envision.

Keep number one, Bush from any flying debris...keep him the top dog safe, cop to all his faults, lies & fuck-ups and he'll be around to pardon us all...Reagan admin. was genius at diverting where the blame truly "lied". Just protect the Commander in Chief and all will be well for all of us!

Veterans lacking quality healthcare, on our shores, resonates differently.

- Dave

Halliburton Announces Commencement of KBR Exchange Offer


14:05 EST Friday, March 02, 2007

HOUSTON (Business Wire) -- Halliburton Company (NYSE:HAL) today announced that it has commenced an offer to Halliburton's stockholders for the exchange of some or all of their shares of Halliburton common stock for shares of KBR, Inc. (NYSE:KBR) common stock held by Halliburton. The exchange offer will expire at 12:00 midnight, New York City time, on March 29, 2007 unless extended or terminated.

As previously announced, Halliburton has decided to dispose of its remaining interest in KBR by means of the exchange offer and, if necessary, a subsequent pro rata spin-off distribution of any remaining KBR shares to Halliburton's stockholders. The exchange offer and any subsequent spin-off distribution is expected to be tax-free to Halliburton stockholders for U.S. federal income tax purposes (except with respect to any cash received in lieu of a fractional share).

The exchange offer is designed to permit tendering stockholders to exchange their shares of Halliburton common stock for shares of KBR common stock at a 7.5% discount to the per-share value of KBR common stock, subject to a maximum exchange ratio of 1.5905 shares of KBR common stock per share of Halliburton common stock. Stated another way, for each $1.00 of Halliburton common stock accepted in the exchange offer, the tendering stockholder will receive approximately $1.08 of KBR common stock, subject to the maximum exchange ratio. The per-share values of Halliburton common stock and KBR common stock that will be used to calculate the final exchange ratio will equal the arithmetic average of the daily volume-weighted average prices for Halliburton common stock and KBR common stock, as applicable, on the New York Stock Exchange on the last three trading days of the currently anticipated exchange offer period, which are March 27, 2007, March 28, 2007 and March 29, 2007. Although those dates could change if the exchange offer is extended, including if a market disruption occurs, those dates will not change for purposes of calculating the per-share values if the exchange offer is automatically extended solely because the maximum exchange ratio is in effect as described below.

Subject to any extension by Halliburton or the possible automatic extension of the exchange offer due to a market disruption event, the final exchange ratio will be available by 4:30 p.m., New York City time, on March 29, 2007 at www.KBRexchange.com and from the information agent for the offering. If the maximum exchange ratio is in effect at that time, then the final exchange ratio will be fixed at the maximum exchange ratio and the exchange offer will be automatically extended until 12:00 midnight, New York City time, of the second following trading day to permit stockholders to tender or withdraw their Halliburton shares during those days. Any changes in the share prices of Halliburton common stock or KBR common stock on those additional days of the exchange offer will not, however, affect the exchange ratio.

Halliburton owns 135,627,000 shares of KBR common stock, or approximately 81% of the outstanding shares of KBR common stock. The largest possible number of shares of Halliburton common stock that will be accepted will be equal to 135,627,000 divided by the final exchange ratio. If the exchange offer is over-subscribed, tendering stockholders will be subject to proration (as applicable) and, accordingly, the number of shares Halliburton accepts in the exchange offer may be less than the number of shares tendered.

Halliburton's obligation to exchange shares of KBR common stock for Halliburton common stock is subject to the satisfaction of certain conditions, including the condition that a sufficient number of Halliburton shares are validly tendered and not withdrawn so that at least 40,688,100 shares of KBR common stock would be distributed in exchange for shares of Halliburton common stock.

Credit Suisse Securities (USA) LLC and Goldman, Sachs & Co. are serving as the dealer managers for the exchange offer.

Halliburton, founded in 1919, is one of the world's largest providers of products and services to the petroleum and energy industries. The company serves its customers with a broad range of products and services through its Production Optimization, Fluid Systems, Drilling and Formation Evaluation, and Digital and Consulting Solutions segments.

KBR is a global engineering, construction and services company supporting the energy, petrochemicals, government services and civil infrastructure sectors. KBR offers a wide range of services through its Energy and Chemicals and Government and Infrastructure business segments.

Important Information Regarding the Exchange Offer

The terms and conditions of the exchange offer are more fully described in a Prospectus-Offer to Exchange included in the Registration Statement on Form S-4 filed today by KBR with the Securities and Exchange Commission. The Prospectus-Offer to Exchange contains important information about the offering and related matters. Halliburton is mailing the Prospectus-Offer to Exchange to its stockholders.

This announcement is for informational purposes only and is neither an offer to sell nor an offer to buy any securities or a recommendation as to whether you should participate in the exchange offer. The offer is made solely by the Prospectus-Offer to Exchange and related letter of transmittal.

Investors and security holders are urged to read the Prospectus-Offer to Exchange, and any other relevant documents filed with the SEC, when they become available and before making any investment decision. None of Halliburton, KBR or any of their respective directors or officers or the dealer managers makes any recommendation as to whether you should participate in the exchange offer. You will be able to obtain a free copy of the prospectus and other related documents filed with the SEC by Halliburton and KBR at the SEC's web site at www.sec.gov. You will also be able to obtain a free copy of these documents by sending a request to Halliburton Company - Investor Relations, 5 Houston Center, 1401 McKinney, Suite 2400, Houston, TX 77010, Phone: 713-759-2688, E-mail: investors@halliburton.com; or by sending a request to KBR, Inc. - Investor Relations, 601 Jefferson Street, Suite 3400, Houston, TX 77002, Phone: 713-753-5082, E-mail: investors@kbr.com, as applicable.

Halliburton has retained Georgeson Inc. as the information agent for the transaction. To obtain copies of the Prospectus-Offer to Exchange and related documentation, or if you have questions about the exchange offer, you may contact the information agent at 1-866-313-3046 (toll-free in the United States), 1-212-805-7144 (elsewhere), or 1-212-440-9800 (banks and brokers).

Forward-Looking Statements

Information in this communication contains forward-looking statements, which are based on the current plans and expectations of management and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. A list of factors that could cause actual results to differ materially from those expressed in, or underlying, those forward-looking statements is detailed in the filings of Halliburton and KBR with the Securities and Exchange Commission, such as annual and quarterly reports and the Prospectus-Offer to Exchange. Neither Halliburton nor KBR assume any obligation to update or revise these forward-looking statements to reflect new events or circumstances.

Halliburton, Investor Relations
Evelyn Angelle, 713-759-2688
investors@halliburton.com
or
Halliburton, Public Relations
Cathy Mann, 713-759-2605
cathy.mann@halliburton.com

... if a shareholder were to file a well-plead complaint demonstrating materially false information in the prospectus, etc.

For example, failing to let shareholders know about certain risks: http://www.sec.gov/cgi-bin/browse-edgar?company=smith+david+allen&CIK=&filenum=&State=&SIC=&owner=include&action=getcompany

- Dave

Near as I could tell, Halliburton retains the profits. I couldn't figure out why financial managers would want to put the public's money into this. But, hey, I'm just a schmoe, so I could be wrong. But it does seem to me that there is a big issue with pension funds being redirected toward making the rich, richer instead of being there for working people when they retire.

Lot of work keeping up with all the crime. Thanks for what you're doing. I hope something breaks open soon.

... for many, many months, and this will break big - in an understandable fashion.

- Dave

I read here earlier this week where he bought a bunch of Hal stock.

; )

- Dave

that has occured since bush was planted, that the trail of dirt leads to Halliburton....and Cheney ;)

I really would like to see Waxman nail Cheney and Halliburton such that all the news channels talk about it all day long, like Anna Nicole Smith

:)

however, I fear it would be pre-empted by some celebrity running down the road in a diaper, attacking people with a battery operated hair shaver while being followed by a bunch of people claiming to be his/her father

:evilgrin:

All roads lead to Houston.

- Dave

of all the Halliburton subsidiaries/spin-offs

... and there is quite a bit of evidence to suggest collusive conduct between Halliburton and IAP in the bid for LOGCAP IV.

- Dave

IAP subcontracing partners in crime ..

October 16, 2006

IAP Worldwide Services, Inc. Team Submits Bid For LOGCAP IV Contract


Cape Canaveral, Fla. – IAP Worldwide Services, Inc. today announced that it has formally submitted a proposal to compete for the U.S. Army’s Logistics Civil Augmentation Program (LOGCAP IV) contract. LOGCAP IV provides a wide range of contingency contracting services, such as supply operations and field services, inside and outside the continental United States for the U.S. Army.

IAP submitted a bid for the LOGCAP IV contract with a team that includes, but is not limited to: Lockheed Martin; CACI; Black & Veatch; SODEXHO; Maersk; Blackwater; 3Di Technologies, LLC; CodePlus; Comark; Crawford; Danish Camp Supply; EDS; HD Supplies - Home Depot; ITG-SP; LVI; M1 Support Services; Mar, Inc.; Microsoft; Midwest – ATC; Pinkerton; Plexus Scientific; SEI; and Sunbelt. IAP announced its LOGCAP IV team members at the Association for the United States Army (AUSA) annual meeting in Washington, D.C., last week.

~snip~

http://www.iapws.com/Newsroom/Newsroom_details.aspx?id=51


SODEXHO ... is that related or once related to Marriott

the military-industrial-corporate complex

That's a question that the DoD auditors (and members of the House Oversight Committee) should be asking now:

http://www.google.com/search?q=%22logcap+iv%22+site:.mil&hl=en&lr=&safe=off&as_qdr=all&filter=0

- Dave

I used to work with him -- no shit -- in the early nineties. He was a racist pig back then. I remember a day when he called oriental people "slant-eyes" right in earshot of a Taiwanese woman who worked with us. I said, flabergasted, "Dave, I can't believe you just said that. XXX is right over there." He said, "Oh, that's different. Her family was in Tianneman Square."

What a waste of carbon.

On edit: Added the heritage of the woman. Story didn't make sense, otherwise.

Bushco must be the most criminal government ever.

But I can sure Kick!

Thank you for posting it...

Hope you are doing well healthwise.

I have been keeping an eye out, and hope to see you soon at a Waxman Hearing!

Take heart folks, there are patriots all around us!

:wow: That's some pretty serious shit!!! :wow:

FOR IMMEDIATE RELEASE
Date: October 6, 2006

http://www.csa-dc.org/documents/SwindleArmyScienceBoardRelease_100606_000.pdf

http://www.csa-dc.org/news/membersnews.asp

ok - so it's not all roads lead to halliburton...
the more I thought about it - the image of a peeling onion kept over-riding a map or converging roads or road signs...

--