Hugo Chavez expropriates Owens-Illinois

Discussion in 'Off-topic' started by seereus, Oct 27, 2010.

  1. seereus

    seereus Active Member

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    "CARACAS, Venezuela — Venezuelan President Hugo Chavez ordered the expropriation of U.S.-based glass container manufacturer Owens-Illinois Inc.’s subsidiary in the South American country.

    Company spokeswoman Stephanie Johnston said today that “we were surprised to learn of this decision and we are prepared to work with government officials to better understand the situation.â€

    http://www.oregonlive.com/business/inde ... owens.html
     
  2. Malum Prohibitum

    Malum Prohibitum Moderator Staff Member

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    Burn it. Burn it all. Then let them have the ashes.
     

  3. Malum Prohibitum

    Malum Prohibitum Moderator Staff Member

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    Wyatt's Torch


     
  4. sirkut

    sirkut Member

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    I was thinking about Wyatt's torch too!
     
  5. tgrt

    tgrt New Member

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    I cannot feel sorry for any company still doing business in that crap hole. I only felt sorry for them the first several months that Chavez started taking over companies. They should have cut their losses and got out.
     
  6. fmlaw1

    fmlaw1 Active Member

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    Dancing with the Devil, and they just got burned.

    Any level-headed foreign co. doing business in VEN knows it is only a matter of time before you just cannot pay the graft the officials want, and you will lose every physical asset on VEN soil.

    Absolutely, w/o a doubt, burn it to the ground.
     
  7. RIA45

    RIA45 New Member

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    I am sure that Chavez would make sure the Americans at the company were indefinately detained to determine who set the blaze.
     
  8. fmlaw1

    fmlaw1 Active Member

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    As if the blaze operation could not employ otherwise qualified domestic help. Think of it a last bit of economic impact for VEN by the company.

    Agreed, that proper prior planning would deter a p***-poor performance.
     
  9. jmorriss

    jmorriss Active Member

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    Just remote detonate it at the embassy.

    But knowing Obama, he probably wouldn't help them get out of the country.
     
  10. Adam5

    Adam5 Atlanta Overwatch

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    Maybe the US should respond by taking over a Venezuelan company's US operations? Isn't Citgo a Venezuelan company?
     
  11. AEKDB

    AEKDB New Member

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    Operations on foreign soil cost a lot to setup. When you have a large sunk cost you try to ring every last drop of revenue out of operations. These assets were written off a long time ago.