Gustavo Coronel: Support given to the Venezuelan dictatorship by multinational corporations is bad business strategy

"...Oil companies such as Russia’s Rosneft or China’s CNPC are two of these companies supplying the Venezuelan regime with money. They are geopolitical tools of their governments. But there other companies, such as ChevronTexaco, Schlumberger and Halliburton, which do not have a political motivation for doing so but simply follow what they consider to be good business strategy. By staying in chavista Venezuela and financing its dictatorial regime these companies believe they can survive and prosper in the country, while exhibiting disregard for business ethics. Not only they have given cash or received promissory notes from the regime to continue operations in the country but they have accepted to partner with the state oil company, Petroleos de Venezuela, a company ripe with corruption, being investigated internationally for money laundering. In working with the corrupt Venezuelan oil company their international prestige has suffered. The same considerations apply to multinational financial auditors, such as KPMG, which continue to validate the financial results of the Venezuelan state oil company, in spite of their increasing suspicions that something is rotten in La Campiña (the site of the company’s headquarters in Caracas, Venezuela) or Goldman Sachs, the financial company that recently acquired over $2 billion in tainted Venezuelan bonds from the Maduro regime....."

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http://lasarmasdecoronel.blogspot.com/2017/10/support-given-to-venezuelan.html