After the Billionaires Plundered Alabama Town, Troops Were Called in ... Illegally
By Mark Ames, AlterNet. Posted October 24, 2009.
"We have to tolerate the inequality as a way to achieve greater prosperity and opportunity for all," says one Goldman Sachs adviser. But tell that to the people of Samson, Ala.
The soldiers arrived in the hours after the shootings, which stretched the town's tiny police force and county officers to the limit with several different crime scenes. The report said troops were dispatched after the Geneva County Sheriff's Office and Samson Police requested assistance from Fort Rucker to relieve law enforcement at traffic checkpoints around the crime-scene area.
As I wrote earlier this year, Pilgrim's Pride hooked up with Wall Street to leverage itself into bankruptcy while enriching the executives' family and a handful of insiders at the expense of tens of thousands of Americans workers:
In 2006, Pilgrim's Pride, then the second-largest chicken processor in the world, made a huge gamble that will seem familiar to anyone who's been following the financial crash: the company borrowed hundreds of millions of dollars, leveraging itself well beyond its means, in order to acquire a rival company and become the nation's No. 1 chicken processor, slaughtering 45 million chickens per week.
That might have given the executives a nice, big hard-on, but it also meant they would have to come up with more money to pay for all that debt. So the company did do what every post-Reagan company has done and gotten away with: it made the workforce pay for the executives' bonuses.
That meant squeezing lower-middle-class workers for more work for less pay, or in Pilgrim's case, more work for no pay: In August 2007, the U.S. Department of Labor filed a lawsuit against Pilgrim's Pride accusing it of grossly undercompensating its employees. That same year, 10,000 Pilgrim's Pride employees launched a class-action lawsuit demanding compensation for their work.
The damage extended well beyond Pilgrim's Pride's plants. With bankruptcy came huge unpaid local tax bills, leading to further layoffs and reduced services for the already-beleaguered locals:
Suwannee County could be out about $2 million if Pilgrim's Pride doesn't pay its property-tax bill, according to property appraiser Lamar Jenkins.
The biggest taxpayer in the county filed for bankruptcy protection Dec. 1. Now it's not clear when -- or if -- the bill will be paid.
"It's certainly going to put a hurt on the budget of the county," Jenkins told the [Suwanee] Democrat by phone Thursday. Jenkins said the unpaid bill represents 7.4 percent of the money local schools get from property taxes; 5.3 percent of county funds from that source; and 8 percent of the money the Suwannee River Water Management District receives from local property-tax revenues.
A spokesman for Pilgrim's did not respond to a request for comment.
Bo Pilgrim, the head of Pilgrim's Pride, once told his Texas church that he was worth over $1 billion before the market crash, and he's still worth hundreds of millions. His rapacity was boundless, and in the end it was the undoing of Pilgrim's Pride -- not the Pilgrim family, mind you, which is still filthy disgusting rich, but the company is through.
Last month, 64 percent of Pilgrim's Pride was sold to JBS, a Brazilian beef giant, making it the largest meat company in the world, topping America's Tyson. The American cattle industry tried to block the deal, which it says could result in the destruction of the American beef industry, but the Justice Department already approved JBS' takeover.
In the billionaires' Third World model for America, it makes awful sense that a Brazilian meat company would take control of a bankrupt, corrupt American chicken company. For Wall Street and the billionaires, the more they destroy in America, the richer they get, consequences be damned. And anyway, it's not like Pilgrim's Pride was a model of corporate responsibility while under American ownership; just read some of the comments on this recent Reuters article:
