The Corner

Schlumberger (Strike That Potential Talking Point!)

E-mail:

“SLB may have started as a French company, but it moved its headquarters to Houston in 1940 and is currently headquartered in New York. The parent holding company is incorporated in the Netherlands Antilles (almost certainly for tax reasons). Like Halliburton (which has French operations) and almost every other Fortune 500 company, SLB has subsidiaries scattered across the globe and a management team that is international in makeup and outlook. Clintonistas John Deutch and Jamie Gorelick are on SLB’s Board of Directors.

SLB is not much different from GM, Halliburton or most any other big company. Big corporations have globalized to such an extent that the only things that tie them to a particular country are history and regulation of the markets that trade their stock. For many of them, it makes little sense to think of them as American companies or European companies. They just are what they are.”

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