There is nothing legally, morally or ethically wrong here.
"Halliburton is opening a corporate headquarters there and moving its chairman and chief executive there."
"It will still maintain its corporate office here and as well as its legal incorporation in the US."
“The C.E.O.’s job is global by nature. He will continue to remain attentive to our shareholders, clients and employees around the world.”
Halliburton is in the oil services business . . they are not "big oil" but they work for the oil companies and from what I've been reading most of their business is overseas . . Asia, The Middle East, etc. Not in America - as we've pretty much shut down any oil exploration.
It just makes corporate sense to have a headquarters in the part of the world you are doing business in.
"The oil services company insists it will gain no special tax or legal advantages from the move, and that Halliburton will keep a big presence in Texas even though its business is now global.
"There's not much oil in Texas any more," said Dalton Garis, an American energy economist at the Petroleum Institute in Abu Dhabi. "Halliburton is in the oil and gas industry and guess what? Sixty percent of the world's oil and gas is right here. If they didn't move now, they'd have to do it later."
"In addition, company officials said Halliburton, which has operated in Dubai for more than 40 years, will remain a U.S. corporation for tax purposes, incorporated in Delaware, and doesn't expect to reap any tax benefits from the Dubai headquarters operation."
steph - who refuses to see a bogeyman around every corner.