Jan. 5 at 4:31 AM
$OI Loss: In 2010, Hugo Chavez ordered the expropriation of Owens-Illinois' two glass manufacturing plants in Venezuela, accusing the company of exploiting workers and damaging the environment. The company was the largest glass container supplier in the country at the time.
Potential Gain: An international tribunal ordered Venezuela to pay over
$370 million (plus interest) in compensation for the unlawful seizure. A new government would likely negotiate the payment of this award or potentially offer the return of the facilities to attract foreign manufacturing investment back to the country.
