based on the article below, If you were a manager working for Chevron what would you suggest they Chevron do regarding doing business in Venezuela? Do recent events in the world such as $5 gas at the pump, inflation, war in Ukraine, etc. impact your response? Why/why not?

Chevron Tries to Stay on the High Road in Venezuela

Oil companies have to operate where there is oil to pump, and that can lead them into places where ethical standards are difficult to uphold. Take Venezuela, for instance. It has important oil reserves but also a government widely viewed as corrupt and an economy in a downward spiral. Chevron has been the only major U.S. oil company to stay in Venezuela in recent years, and its recent experiences raise questions about its future there.

The company has operated in the country since discovering a major oil field in the 1920s. Since that time, the country has changed drastically and it elected governments that nationalized businesses, taking over Chevrons assets. Chevron is the last company still operating in the country, although now it is a minority owner in its businesses there.

Chevron sponsors numerous social and economic development programs that benefit the communities, as well as small businesses. The company also promotes training for women and better healthcare aimed at the treatment of specific diseases and birth defects.

Since 2014, Chevrons position in Venezuela is becoming increasingly difficult. Oil prices have dropped and the countrys economy is in dire straits. Corruption of government officials is suspected and the U.S. government has imposed sanctions on how businesses can be involved with the Maduro regime. After two Chevron employees were arrested for treason for refusing to sign a government contract, Chevron evacuated other employees.

Chevron has established criteria to apply to difficult decisions. Of course, as a business, it is concerned with choosing profitable alternatives. But it also has a code of conduct to guide decision making based on ethical principles. These include obeying not only the laws of Venezuela, but also those of the United States, including laws against bribery and other forms of corruption. Other requirements include abiding by values such as respect for diversity, commitment to high performance, and insistence on integrity and ethical behavior. The statement also expresses a commitment to human rights, such as respect and dignity.

Summarize, and give your opinion of the actions in 1-2 pages.

Employee-owners to get big cash payouts in $3 billion sale of Arthur company (Champaign News Gazette)

ARTHUR, IL C.H.I. Overhead Doors, a company launched in Arthur in 1981, will be sold, and its employees will receive substantial cash payouts.

Kohlberg Kravis Roberts & Co., the global investment firm that owns C.H.I., announced Monday that its signed an agreement to sell the Arthur company to Nucor Corp. in a transaction valued at $3 billion.

The sale is expected to close in June or shortly thereafter, pending regulatory approval, according to Nucor.

KKR made all 800 C.H.I. employees from hourly workers to truck drivers owners when it acquired the company in 2015.

In addition to about $9,000 in dividends received since 2015, hourly employees and truck drivers will receive, on average, about $175,000 as a payout on their equity with the most tenured employees earning substantially more, according to KKR.

Employees will also receive 12 months of prepaid personal financial coaching and tax-preparation services through Goldman Sachs Ayco Personal Financial Management and Ernst & Young, KKR said.

Jason Harlin, a forklift and facility maintenance employee at C.H.I., said Monday that employees were told of the sale last week but were asked to keep the name of the buyer under wraps until it was announced.

Harlin, 39, is an Arthur native who has worked for C.H.I. for 20 years.

Employees knew they would get some kind of payment, he said, but we didnt know it was going to be this kind of money.

The reaction, he said: It was amazing. Everybody smiling. It was mind-blowing, basically.

Even those employees who have been with C.H.I. since January will receive $20,000 payouts, Harlin said.

It means a lot to me, he said.

C.H.I., a leading maker of overhead doors for residential and commercial markets, is based in Arthur and also has a plant in Terre Haute, Ind.

It also has warehouses in California, Colorado, New Hampshire and New Jersey.

Charlotte, N.C.-based Nucor is a manufacturer of steel and steel products, with plants in the U.S., Canada and Mexico.

Acquiring C.H.I. is another step in our long-term strategy to expand into areas that are a natural extension of our business and leverage our efficient manufacturing model, said Nucor President and CEO Leon Topalian.

C.H.I. is a highly profitable organization built with an amazing team and culture, he said. It has consistently proven its strength and competitive advantages due to its broad product suite, very short lead times, robust delivery infrastructure and focused customer service.

C.H.I.s leadership team, including its CEO, Dave Bangert, is expected to remain in place after the sale, according to KKR.

We cant thank our strategic partners at KKR enough for believing in us at C.H.I., providing a life-changing experience for us all and driving a movement not only across the industry but across the country, Bangert said. Looking ahead, were excited to come together with Nucor, who shares our cultural values and wants to keep building with us.