Friday, November 24, 2006

I Should Be The CEO of ADM

Earlier this year ADM named Patricia A Woertz, a former senior executive at Chevron, as their new CEO, while Allen Andreas held on to his Chairman of the Board post. Allen never had the political clout or flamboyance that his uncle Dwayne Andreas had. An Andreas has run the company for the past for 35 years, so it only makes sense they should have went with me. After all, my last name is Andreas, I'm from Illinois, like former CEO Dwayne Andreas I have a mennonite family background, and I'm not very tall. There has to be a relation there somewhere. The name Andreas isn't very common.

On the other hand, isn't ADM one of the biggest recipients of corporate welfare? 43% of their profits are from heavily subsidized products, including ethanol. Not to mention they are responsible for high fructose corn syrup being in everything. They are actually responsible for keeping sugar prices high ensuring soda makers use HFCS instead of sugar. It is also into procesing cocoa, buying much of the product from low wage slave like labor suppliers.

Then there was that price fixing thing a couple years ago where 3 ADM, including an Andreas, went to jail for charges of price fixing lysine, a corn feed additive, which overcharged US purchasers between $155-166 million. The company was fined $100 million, the biggest anti-trust fine in US history.

So actually, ADM, you can keep your 9 figure assets. I'll go on being against everything you stand for. Even if we are distant relatives.


Dwayne Andreas and Myself as ADM CEO










Allen Andreas and Myself as ADM CEO







Here are a couple good links on ADM's corruption. One from the CATO Inst. and one from Mother Jones.

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4 Comments:

At 11:35 AM, Blogger The Fool said...

Ha! Perhaps, if you forward them your post they'll give you the suits. Rather spiffy...they'd be great to wear while cutting wood. Thanks for the enlightenment and the chuckle this morning...

 
At 9:42 PM, Blogger tansy said...

i think the purple tie goes well with the bandana.

 
At 1:06 AM, Blogger Mone said...

You sure are better looking! Go ahead :)

 
At 12:24 AM, Blogger BurdockBoy said...

the fool: You know, I have never owned a suit. I fear if I wore one to cut wood, I would look like a bum in no time.

stella: I should have had on an orange bandana-that really would have made a statement.

mone: Thanks. Although Allen isn't too bad looking either.

 

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