Halliburton - An Alternate Annual Report

[PDF] In the introduction to Halliburton’s 2004 annual report, chief executive officer David Lesar reports to Halliburton’s shareholders that despite the extreme adversity of 2004, including asbestos claims, dangerous work in Iraq, and the negative attention that surrounded the company during the U.S. presidential campaign, Halliburton emerged “stronger than ever.” Revenue and operating income have increased, and over a third of that revenue, an estimated $7.1 billion, was from U.S. government contracts in Iraq.
In a photo alongside Lesar’s letter to the shareholders, he smiles from a plush chair in what looks like a comfortable office. He ends the letter, “From my seat, I like what I see.” People sitting in other seats, in Halliburton’s workplaces around the world, lend a different view of the company, which continues to be one of the most controversial corporations in the United States.