Doug Henwood wrote: > > Carrol Cox wrote: > > >Michael Perelman wrote: > >> > >> Okay. Yesterday's question were too easy. Here's one to stump > >>the list. How the hell can > >> KKR, Halliburton's giant subsidiary, keep losing money over and > >>above its asbestos problems > >> no matter how much money the government shovels its way? > > > >What is KKR? I never heard of it. What does it do or allegedly do? > > KKR is Kohlberg Kravis Roberts, the 1980s leveraged buyout (LBO) > firm. Michael means KBR, Kellogg Brown & Root, the Halliburton > subsidiary that provides everything from base construction to food > for the U.S. military. >
That's what confused me. I knew of KKR -- but also knew that that couldn't be the "KKR" Michael had in mind. I also didn't know that B&R had become Kellogg Brown & Root -- or if I did had forgotten. I suppose that's one of the reasons for spelling out abbreviations the first time mentioned. It rules out confusing typos. Carrol > Doug
