Not happy! Not Happy! Not Happy!
No. I'm not happy to hear that Halliburton will move its headquarters to Dubai. The move that looks like it is: a) Financially motivated -- no problem with that. b) Strategically motivated -- no problem with that. c) Politically motivated -- BIG problem with that as it is completely UN-American!
Halliburton Co. (NYSE:HAL) is moving its headquarters from Texas to Dubai for many reasons. The company can rationalize it to the world press, Wall Street and the three blind mice for all I care, but it still stinks to the high heavens! If every United States based company that made greater sales or profits overseas left, we would lose many companies.
But other companies don't leave -- why? Maybe because this is their home. Maybe because they feel some loyalty to their family, friends and neighbors. Maybe because this is a good place to do business. I just can't help but think companies that move to the Bahamas -- or now Dubai -- are looking for a safe haven more than a new headquarters.
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