US companies still operating in VZ have the same caveat that women have in Cairo’s Tahrir Square. If you get assaulted, it’s your fault.
It’s really going to suck when Brazil, Argentina, and Mexico follow suit.
Government Motors?
You mean there are still US companies there? HAHAHAHA!
Government Motors?
If I had a company there, I’d try to, as much as on the down low as possible, piece it out so that there is nothing left but a shell. It might even be good, if I owned the property, to sell it with a lease back option.
Paging Thomas Friedman, Thomas Friedman, Thomas Friedman please pick up the white courtesy phone please, your thesis is completely unraveling in Venezuela...Your thesis is completely unraveling in Venezuela.
Sssooooo Tom, who are going to blame this on...tapping fingers.
They didn’t get the hint when VZ Chavez took over the oil Co.’s ?
I wonder if they Venezuelans will seize the Kalashnikov factory.
So why in the hell was GM having a plant in that communists empire of an insane ruler. What is wrong here, GM should have that facility in America. Venezuela currently is a real dump and will sell out to places like Russia.
What is it they think they can do with it? Cant sell the big stuff its too specialized, can’t run it because no supplier is going to sell them anything. I suppose they can and will loot it. Sell the equipment for scrap. Try to collect the AR and ignore the AP. Imprison the management as scapegoats.
But this is the logical outcome. Maddie’s problem is he just wasn’t as smart as O and the unions. They looted not only GM, but its suppliers, its customers, and the US taxpayer.
The difference between the US and Venezuela was in degree not kind.
In Russia, car factory quits YOU!
Translation: "We're paying our bribes and hoping for the best."
Why are so many companies so suicidal to continue operations in countries like this?