http://in.reuters.com/article/2012/09/05/chevron-buck-bond-idINL2E8K5BT120120905
Here's a billion dollar lesson for Chevron...and the other oil giants out there.
In Brasil...it helps to...falar portugues/speak Portuguese.
Outgoing Chevron Rio honcho...George Buck didn't...or perhaps didn't communicate well enough...and it cost his oil company much of its goodwill..and perhaps more than $20 billion...after a small spill...in the Frade field...off Rio's coast.
Chevron's spill was less than 1/1000th of the BP Gulf disaster...with little appreciable environmental damage...but is being pursued in court...with Rio state seeking...$20 billion in damages.
Buck's worst move was holding a press conference announcing the spill...in Rio...in English only.
Was it ignorance? Or arrogance? Or both?
Whatever the case...after months of legal limbo...Buck is being allowed to leave his Brasil post after more than 3 years...after posting a $260,000 bond...and will be replaced with a female Portuguese speaker from Chevron's Angola operations...Kelly Hartshorn.
Popular Posts
- KYRGYSTAN / CANADA : 3 MPs Arrested After Violent Gold Mine Protest.
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- PERU: Voters Feel Like They Must Choose Between...Hitler And Darth Vader; Smears Increase Before Vote.
- ITALY : Oh, No! Silvio's Spectre Returns.
- HUNGARY: 23 April UPDATE: Hungary Denies Threat To Roma After Red Cross Evacuates 277 Roma From Gyongyospata...Fearing Vigilantes.
- BRASIL:1ST UPDATE: Natives Protesting Hydro Plant Release 5 Of At Least 155 Hostages.
- POLAND: Chopin Contest Attracts Young Asian Pianists.
- Internet Divorce May Be Possible In Brasil.
- 11,000 Homeless in Buenos Aires
- BRASIL / VENEZUELA: Dilma Offers Hugo Her Best Cancer Specialists.