I saw in the News that Venezuala may ask the US envoy to leave. It seems that Chavez feels that the phone company should belong to the people of Venezuela. The US envoy rufled feathers when it was reported: "The top American envoy to Venezuela told Caracas' Union Radio the planned takeover of CA Nacional de Telefonos, or CANTV, should proceed "in a transparent, legal manner" and that Venezuela's government must offer "fair and quick compensation to the people who are affected or the owners."
Hmmm. Maybe Chavez should take a page out of US law and declare the company bankrupt, making the stock worthless or like AA threaten to declare the company bankrupt,giving them pennies on the dollar, then instead of forcing the workers to work for less under a court injunction force the phone companies creditors to continue to supply the phone company with what it needs.
Its no wonder that so many people get angry at the US. What a hypocrite to demand that the stockholders (Americans)be made whole when here in the USA companies with hundreds of millions of dollars in cash declare themselves bankrupt, cheat their emplyees and the stockholders alike and come out richer than ever before. I didnt hear any US politicians declare that the stockholders of UAL-which was employee owned, NWA, Delta or USAIR be made whole or given "fair and quick compensation".These people saw their stock become worthless and in the case of UAL then watch them issue new stock at $30/share!!!
Hmmm. Maybe Chavez should take a page out of US law and declare the company bankrupt, making the stock worthless or like AA threaten to declare the company bankrupt,giving them pennies on the dollar, then instead of forcing the workers to work for less under a court injunction force the phone companies creditors to continue to supply the phone company with what it needs.
Its no wonder that so many people get angry at the US. What a hypocrite to demand that the stockholders (Americans)be made whole when here in the USA companies with hundreds of millions of dollars in cash declare themselves bankrupt, cheat their emplyees and the stockholders alike and come out richer than ever before. I didnt hear any US politicians declare that the stockholders of UAL-which was employee owned, NWA, Delta or USAIR be made whole or given "fair and quick compensation".These people saw their stock become worthless and in the case of UAL then watch them issue new stock at $30/share!!!