I recently wrote this piece for Gunster’s Boardroom Brief. Click here to learn more about my work at Gunster.
On October 26, 2010, Venezuelan soldiers arrived at Owens-Illinois’ Los Guayos factory. The U.S.-based glassmaker employed over 1,000 people at the facility. The day before, Venezuelan President Hugo Chavez had announced that the plant would be expropriated by the Venezuelan government. “The expropriation is already ready of this glass company,” Chavez said. “What’s it called? Owens-Illinois. Expropriate it.” Chavez described Owens-Illinois as “a company with North American capital that has been exploiting workers.”
