South America. Travel. Investments. Real Estate. News.
blind_justice English News Blog for  Ecuador News Blog October Archive 

Chevron Accused and Sued by Ecuador

By Website Introductions at 10/09/08 19:41

Owning a large company also means gaining a lot of responsibilities related to it as well. Usually, government-managed business or services acquires a bad reputation due to allegations of corruptions and mismanagement, and the solution to these issues are privatization. Companies who privatize these once public domains will then be responsible for any conflicts the company has involved with in the past. This is what happened to Chevron upon its acquisition of Texaco in 2001. Read of the rest of the story here.

News: Chevron - Ecuador - Court Ruins Chance To Help Ecuador's Poor - iReport.com