Agreed, but the ~30 million dollar punishment feels pretty weak. A quick googling says that represents 1% of their annual revenue. Not exactly much of a deterrent against funding a murderous...
Agreed, but the ~30 million dollar punishment feels pretty weak. A quick googling says that represents 1% of their annual revenue. Not exactly much of a deterrent against funding a murderous paramilitary group.
I don't trust the US courts to dole* out any meaningful fine or punishment to a corporation. Especially not one that worked in the US' interests. Nevertheless, it's now an absolute: they are...
I don't trust the US courts to dole* out any meaningful fine or punishment to a corporation. Especially not one that worked in the US' interests.
Nevertheless, it's now an absolute: they are responsible for funding paramilitary death squads.
Whether or not Chiquita will ever suffer the same reputational damage that caused them to lose the name United Fruit Company is still up for debate -and unlikely- but it's no longer an accusation they can back out of.
Good. The United Fruit Company needs to be held liable for their awful crimes in South America.
Agreed, but the ~30 million dollar punishment feels pretty weak. A quick googling says that represents 1% of their annual revenue. Not exactly much of a deterrent against funding a murderous paramilitary group.
I don't trust the US courts to dole* out any meaningful fine or punishment to a corporation. Especially not one that worked in the US' interests.
Nevertheless, it's now an absolute: they are responsible for funding paramilitary death squads.
Whether or not Chiquita will ever suffer the same reputational damage that caused them to lose the name United Fruit Company is still up for debate -and unlikely- but it's no longer an accusation they can back out of.
*Yes it was
This could end up being just one of many such payments.
I missed that. Nice! Fingers crossed they get pummeled into oblivion with more of these payments.