Yes, there is a direct link, but not quite exactly as Judge Brown laid out.
George Herbert Walker became President of W.A. Harriman in 1920. W.A. Harriman bought controlling interest of Dresser Industries in 1928. Dresser was a rival of Halliburton's but merged with Halliburton in 1998. More on that coming up.
From the Wiki article on Dresser Industries -
Dresser Industries was a multinational corporation headquartered in Dallas, Texas, United States, which provided a wide range of technology, products, and services used for developing energy and natural resources. In 1998, Dresser merged with its main rival Halliburton.
AND
Following Dresser's death, his descendants decided to sell it, and in 1928 the Wall Street investment-banking firm ofW. A. Harriman and Company, Inc.,converted the firm into a public company by issuing 300,000 shares of stock.H. Neil Mallonwas selected as president and chief executive officer; he held that position until his retirement in 1962. Under Mallon, Dresser began a program of acquisitions designed to help it survive the threat posed to its core business by the introduction of welding for joining pipes together. Starting in 1930 Dresser began acquiring companies that manufactured valves, heaters, pumps, engines and compressors and the company diversified into such products as oil derricks, blowers, drill bits, refractories, and drilling mud.
George H.W. Bush's son Neil is named after Henry Neil Mallon.
Obituary - Henry Mallon, Head Of Dresser Industries
Henry Neil Mallon, who built Dresser Industries from an obscure pipeline equipment concern to a world leader in energy-related products, died Tuesday of cancer. He was 88 years old.
Vice President Bush, in a statement released from his office in Washington, said: ''Neil Mallon shaped my whole life. He gave me my first job and, when I started my first business, he was at my side sharing his vast experience. We'll miss him.''
Mr. Mallon was recruited as president of Dresser in 1928 while it was still in Pennsylvania, employed about 200 people and had resources of about $2 million.
His leadership brought rapid growth to the company, whose name was changed in 1944 to Dresser Industries. A year later, its headquarters was moved to Cleveland. In 1950, the company moved to Dallas.
Dresser currently employs 40,000 people in North America and reported earnings of $172.3 million in 1982 on revenues of $4.16 billion.
Halliburton merged with Dresser Industries in 1998. This merger actually crashed Halliburton's stock prices by ~80% due to asbestos related lawsuits filed against Dresser in 2001. Think about what this meant when Halliburton stocks soared due to Operation Desert Storm (Iraq War) related contracts...
Halliburton Blues
The Republicans' reputation for business acumen has taken a Texas-size beating in recent months. First there was Enron. Now come persistent rumors that Halliburton, another Texas energy company with Republican ties, might be joining it in Chapter 11.
Halliburton has consistently denied it will be forced into bankruptcy by asbestos-related lawsuits against its Dresser Industries subsidiary. But with asbestos class actions having already forced USG and W.R. Grace into bankruptcy, investors are understandably nervous. Since May 2001, Halliburton stock has plummeted 73%.
Here's more on the merger, showing the ties to the Bush family -
In 1998, Halliburton merged with Dresser Industries, which included Kellogg. Prescott Bush was a director of Dresser Industries, which is now part of Halliburton; his son, former president George H. W. Bush, worked for Dresser Industries in several positions from 1948 to 1951, before he founded Zapata Corporation.
So in typical lazy reporter fashion, none of them made this connection and asked "W" about it when Halliburton was given the contract for all that work in Iraq.
I'd argue in typical lazy reporter fashion, they set up the narrative Washington refused to bailout Halliburton in 2001 because of optics and ignored all the insider traders in Congress buying up the stock at firesale prices because they knew their holdings would more than quadruple in just a few short years...
The 1998 acquisition of Dresser was negotiated by Vice President Dick Cheney, then Halliburton's CEO. Analysts say Cheney isn't to blame. "He couldn't have anticipated that juries would start to award huge amounts of money in asbestos cases," says Poe Fratt, an oil analyst at A.G. Edwards. But Fratt does think Cheney is a liability for shareholders. Congress could step in and limit corporate exposure to asbestos suits or make jury awards tax deductible. But given the mood in Washington these days, no politician wants to be criticized for bailing out the veep's former company at taxpayer expense. "There's a snowball's chance in hell that asbestos legislation gets any traction," says Fratt, "especially in an election year."
Yes, there is a direct link, but not quite exactly as Judge Brown laid out.
George Herbert Walker became President of W.A. Harriman in 1920. W.A. Harriman bought controlling interest of Dresser Industries in 1928. Dresser was a rival of Halliburton's but merged with Halliburton in 1998. More on that coming up.
From the Wiki article on Dresser Industries -
Dresser Industries was a multinational corporation headquartered in Dallas, Texas, United States, which provided a wide range of technology, products, and services used for developing energy and natural resources. In 1998, Dresser merged with its main rival Halliburton.
AND
Following Dresser's death, his descendants decided to sell it, and in 1928 the Wall Street investment-banking firm of W. A. Harriman and Company, Inc., converted the firm into a public company by issuing 300,000 shares of stock. H. Neil Mallon was selected as president and chief executive officer; he held that position until his retirement in 1962. Under Mallon, Dresser began a program of acquisitions designed to help it survive the threat posed to its core business by the introduction of welding for joining pipes together. Starting in 1930 Dresser began acquiring companies that manufactured valves, heaters, pumps, engines and compressors and the company diversified into such products as oil derricks, blowers, drill bits, refractories, and drilling mud.
https://en.wikipedia.org/wiki/Dresser_Industries
Archived link - https://archive.ph/FFZlz
George H.W. Bush's son Neil is named after Henry Neil Mallon.
Obituary - Henry Mallon, Head Of Dresser Industries
Henry Neil Mallon, who built Dresser Industries from an obscure pipeline equipment concern to a world leader in energy-related products, died Tuesday of cancer. He was 88 years old.
Vice President Bush, in a statement released from his office in Washington, said: ''Neil Mallon shaped my whole life. He gave me my first job and, when I started my first business, he was at my side sharing his vast experience. We'll miss him.''
Mr. Mallon was recruited as president of Dresser in 1928 while it was still in Pennsylvania, employed about 200 people and had resources of about $2 million.
His leadership brought rapid growth to the company, whose name was changed in 1944 to Dresser Industries. A year later, its headquarters was moved to Cleveland. In 1950, the company moved to Dallas.
Dresser currently employs 40,000 people in North America and reported earnings of $172.3 million in 1982 on revenues of $4.16 billion.
https://www.nytimes.com/1983/03/03/obituaries/henry-mallon-head-of-dresser-industries.html
Halliburton merged with Dresser Industries in 1998. This merger actually crashed Halliburton's stock prices by ~80% due to asbestos related lawsuits filed against Dresser in 2001. Think about what this meant when Halliburton stocks soared due to Operation Desert Storm (Iraq War) related contracts...
Halliburton Blues
The Republicans' reputation for business acumen has taken a Texas-size beating in recent months. First there was Enron. Now come persistent rumors that Halliburton, another Texas energy company with Republican ties, might be joining it in Chapter 11.
Halliburton has consistently denied it will be forced into bankruptcy by asbestos-related lawsuits against its Dresser Industries subsidiary. But with asbestos class actions having already forced USG and W.R. Grace into bankruptcy, investors are understandably nervous. Since May 2001, Halliburton stock has plummeted 73%.
http://money.cnn.com/magazines/moneymag/moneymag_archive/2002/03/01/318586/index.htm
Archived link - https://archive.ph/t6pit
Here's more on the merger, showing the ties to the Bush family -
In 1998, Halliburton merged with Dresser Industries, which included Kellogg. Prescott Bush was a director of Dresser Industries, which is now part of Halliburton; his son, former president George H. W. Bush, worked for Dresser Industries in several positions from 1948 to 1951, before he founded Zapata Corporation.
https://en.wikipedia.org/wiki/Halliburton
Archived link -https://archive.ph/ayexr
So in typical lazy reporter fashion, none of them made this connection and asked "W" about it when Halliburton was given the contract for all that work in Iraq.
I'd argue in typical lazy reporter fashion, they set up the narrative Washington refused to bailout Halliburton in 2001 because of optics and ignored all the insider traders in Congress buying up the stock at firesale prices because they knew their holdings would more than quadruple in just a few short years...
http://money.cnn.com/magazines/moneymag/moneymag_archive/2002/03/01/318586/index.htm
Archived link - https://archive.ph/t6pit