Charlie Rose Talks to Chevron CEO John Watson – Bloomberg
Q: What’s the status of your Latin American lawsuit? A: You’re referring to a large case in Ecuador, where a New York trial lawyer attempted to defraud my company out of $19 billion. Fortunately, we were able to prove, in a New York court, in a civil case, that RICO statutes were violated, along with numerous other laws—Foreign Corrupt Practices Act, extortion, wire fraud. We continue to fight that. Thus far, we’ve been very successful. There’s risk, but we’ve been able to manage it.