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Wednesday, January 18, 2017

How Rex Tillerson got even with Venezuela’s socialist


The Washington Post tells a story that sheds considerable light on Rex Tillerson, former CEO of ExxonMobil. The story begins in Venezuela, where ExxonMobil and other oil companies had long done business. Socialist ruler Hugo Chavez needed cash to shore up his failing economy, so he demanded that all foreign oil companies give his government a bigger cut of their revenues. All the companies went along, except ExxonMobil, where Tillerson had recently become CEO. He refused Chavez’s demand. More…

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