7-11 Drops Citgo, Citing Ties to... Chavez (Citibank/Pakistan connection)

[ProSense]

The other day when Chavez made his comment, the first thing that caught my eye was this:

7-11 Drops Citgo, Citing Ties to Venezuela's Chavez
http://www.npr.org/templates/story/story.php?storyId=6154806&ft=1&f=1006

I wonder if it has to do with this relationship:

In early 2006, Citibank began operating 7-11 ATMs. This eliminated transaction fees for Citibank customers.
http://en.wikipedia.org/wiki/7-Eleven

Key people
William R. Rhodes — Chairman, Citibank N.A.
Chuck Prince — Chairman and CEO, Citigroup
Sallie Krawchek — Chief Financial Officer
http://en.wikipedia.org/wiki/Shaukat_Aziz">Shaukat Aziz — Former Executive Vice President & Head of Global Private Banking Division of Citibank, Prime Minister of Pakistan
Alwaleed bin Talal — Shareholder

More about bin Talal here:

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=132&topic_id=2360972&mesg_id=2360972

[DemInDistress]

1. screw them Citgo has me and my friends who now fill up at

Citgo..the bushco oil people can go to hell.....

[corkhead]

2. Corkhead drops 7-11, cites ties to repukes

[marmar]

3. Oooo. Big bad 7/11...

No more overpriced Snickers bars or pizza slices that taste like cardboard for me. I'm boycotting 7/11.

[niyad]

4. this was posted a few days ago--7/11 contracts with citgo is up

next year, and this decision was announced last year. will find the link.



The TRUTH about 7-Eleven/Citgo - decision made in 2005
http://www.csnews.com/csn/search/article_display.jsp?sc...

DALLAS -- 7-Eleven Inc. is rolling out its own brand of gasoline in anticipation of the expiration next month of its 20-year contract with CITGO Petroleum Corp. CITGO recently announced that it is cutting 14 percent of its 13,000 service-station network across 10 states, including Texas where the c-store giant is headquartered, and selectively in four other states

. . . . . . . . . . . . .
The main advantage of buying unbranded fuel is price. A company's ongoing costs will be lower with unbranded versus branded, said Tower's Rogers, in addition to the benefits of better service and the ability to control its own destiny.

For the most part, 7-Eleven's plans are being met with optimism among its licensees and franchisees. About 3,300 of the chain's more than 5,800 stores in North America are operated by franchisees, and approximately 430 are operated by licensees.

"I think it's a good decision. CITGO is a good brand, but it wasn't the best," said Ed Denario, a franchisee and U.S. senior vice president for 7-Eleven Franchisees in Long Island. "We (7-Eleven) have such a strong brand and a strong logo. We have the strongest brand in the convenience store industry. I think customers will accept it with no problem."

[hatrack]

5. Gosh, I sure hope Venezuela can sell that oil - but who to?

:eyes:

[stillcool]

6. China? Russia?

the rest of the effing planet...? Citi-bank is Saudi money..no?

[colonel odis]

7. that's ok, 7-11. i dropped you years ago.