Short answers, pulled from the story.
Jacobo Árbenz was Guatemala's 25th president, serving from 1951 to 1954. He enacted Decree 900, a landmark agrarian reform law that redistributed 1.4 million acres of uncultivated land to approximately 500,000 people, roughly one-sixth of Guatemala's population. He also expanded labor rights, voting rights, and worked to reduce dependence on foreign corporations.
Árbenz was overthrown in June 1954 by a CIA operation code-named Operation PBSuccess, authorized by President Eisenhower in August 1953. His agrarian reform law, Decree 900, had expropriated idle land from the United Fruit Company, which then lobbied the US government aggressively for his removal. Cold War fears about communist influence in the Guatemalan government compounded the corporate pressure.
Decree 900, passed by Guatemala's National Assembly on the 17th of June 1952, expropriated uncultivated portions of large landholdings and redistributed them to impoverished agricultural laborers. The United Fruit Company, which left 85% of its 550,000 Guatemalan acres uncultivated, lost 200,000 acres in 1953. The Guatemalan government offered compensation at $2.99 per acre, twice the price the company had originally paid.
Operation PBSuccess was the CIA covert operation to overthrow Jacobo Árbenz, authorized by President Eisenhower in August 1953. It was led by Carlos Castillo Armas, who recruited roughly 150 mercenaries from Guatemalan exile communities. The operation combined a military invasion launched on the 18th of June 1954 with a psychological warfare campaign, including a fabricated radio station called the "Voice of Liberation."
Árbenz died in Mexico in 1971. Historians disagree on the cause: Roberto García Ferreira wrote that he died of a heart attack while bathing, while Cindy Forster concluded he died by suicide. His remains were repatriated to Guatemala on the 19th of October 1995, and he was buried at the Guatemala City General Cemetery on the 20th of October 1995.
Yes. On the 20th of October 2011, Guatemalan President Alvaro Colom issued a formal apology at the National Palace to Jacobo Árbenz Vilanova, the former president's son. The apology followed a 2006 ruling by the Inter-American Commission on Human Rights and included reparations such as renaming a highway after Árbenz, revising the national school curriculum, and issuing commemorative postage stamps.