Tag Archives: Corporate Predators Want Compensation For Lost Cuban Assets They Stole

Steve Lendman – Corporate Predators Want Compensation For Lost Cuban Assets They Stole – 25 December 2014

StevelendmanThey never forget. Or forgive. Even for what happened over half a century ago. When Cuba got back what they stole.

When Castro ousted Fulgencio Batista’s despotic rule, he nationalized foreign corporate assets. Originally valued at around $1.8 billion.

At 6% simple interest, now worth around $7 billion. From sugar processing plants, other factories, mines, oil refineries, power plants, hotels, 75% of Cuba’s arable land, cattle ranches, other assets.

US companies have 5,913 outstanding claims. Including from ExxonMobil, Coca-Cola, Freeport-McMoRan, Colgate-Palmolive, Procter and Gamble, Goodyear, Firestone, General Motors, Owens-Illinois, Avon Products, Starwood Hotels & Resorts Worldwide and many others. Continue reading

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