The MBA President: still on the job!

An American Builder’s Failures in Iraq Are Found to Have Been More Widespread
By JAMES GLANZ, NYT
Published: January 29, 2008
Rebuilding failures by one of the most heavily criticized companies working in Iraq, the American construction giant Parsons, were much more widespread than previously disclosed and touched on nearly every aspect of the company’s operation in the country, according to a report released Monday by a federal oversight agency.
...
... the new report, by the Special Inspector General for Iraq Reconstruction, an independent federal agency, examined nearly 200 Parsons construction projects contained in 11 major “job orders” paid for in a huge rebuilding contract. There were also three other nonconstruction orders. The total cost of the work to the United States was $365 million.

The new report finds that 8 of the 11 rebuilding orders were terminated by the United States before they were completed, for reasons including weak contract oversight, unrealistic schedules, a failure to report problems in a timely fashion and poor supervision by the United States Army Corps of Engineers, which managed the contracts.

But, wait! There's more! Call right now and you also get...:

FBI is probing 14 companies over loans
By ALAN ZIBEL, AP Business Writer
Tue Jan 29, 2008
WASHINGTON - The Federal Bureau of Investigation on Tuesday said it is investigating 14 companies for possible fraud or insider trading violations in connection with loans made to risky borrowers, and investments spun off of those loans.

That's right, for a limited time only, you get BOTH no contractual controls for Big Biz in Iraq AND no regulation for Big Biz here at home!

Call now while supplies last!

Stop the madness!