Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Food Safety News (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Batista brothers are back; opposition to NYSE listing has not gone away

% of readers think this story is Fact. Add your two cents.


— OPINION —

USDA’s Quarterly Enforcement Report of all its current legal actions will sometimes report that inspection services are being denied because an applicant has been convicted of some minor crime.

When USDA’s Food Safety and Inspection Service doesn’t inspect a meat or poultry operation, those products are not considered human food, and the company is out of business.

A sole proprietorship or a couple of partners are most likely to face this sort of policy, which is pretty much seen for dealing with the small fry; those companies owned by thousands of stockholders are treated differently.

Let’s consider the Batista brothers, Joesley and Wesley.  Both left the JBS, S.A. Board of Directors in 2018 after they were associated with the alleged bribery of nearly 2,000 public officials.  

In May 2017, secretly taped recordings leaked by a leading Brazilian newspaper had Brazil President Michel Temer discussing hush money pay-offs that went to former House Speaker Eduardo Cunha.  

Temer was under immediate pressure to resign but had enough votes in Congress to escape an impeachment vote.  The Batista brothers did have to leave their JBS board positions and faced charges that included everything from jail time to record fines.

It took until last year for them to be acquitted of insider trading and win re-election to the JBS Board. Their return to the Board of Directors and the fact that JBS is seeking a dual listing on the New York Stock Exchange has put the Batista brothers in the spotlight.

An advocacy group calling itself “Ban the Batistas’ has emerged to oppose what it calls “the unchecked power grab by the majority shareholders, brothers Joesley and Wesley Batistas.”

“JBS SA, the world’s largest meat producer, and its owners, the notorious Batista Brothers of Brazil, intend to list their shares on the New York Stock Exchange. This IPO must be stopped,” Ban the Batistas says.  “Allowing JBS to access the American equity market enables and rewards the corrupt, dangerous, and criminal behavior of the Batista brothers at the expense of American farmers, consumers, and investors.”

JBS USA, a wholly-owned subsidiary of JBS, S.A., also has a dominant presence in North America.

The Ban the Batistas campaign is calling on the New York Stock Exchange (NYSE) and the Securities and Exchange Commission (SEC) to bar the Batista Brothers from U.S. markets in what it says would be “a decisive response to their ruthless onslaught on fair play.”

Others question that, pointing out that the SEC lacks the power to stop JBS from selling stock in the U.S.  According to financial experts, the company needs only to disclose its impact on the climate and other risks to investors.

“Ban the Batistas” is proving to be a creative group. After the brothers got themselves voted back onto the JBS Board of Directors, “Ban the Batistas” came up with “Joesley Day,” celebrating May 17, 2017, when the bribery recording came out with dire consequences for the San Pablo stock market. It was the day that almost brought down the government of Brazil.

(To sign up for a free subscription to Food Safety News, click here.)


Source: https://www.foodsafetynews.com/2024/05/batista-brothers-are-back-opposition-to-nyse-listing-has-not-gone-away/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Humic & Fulvic Liquid Trace Mineral Complex

HerbAnomic’s Humic and Fulvic Liquid Trace Mineral Complex is a revolutionary New Humic and Fulvic Acid Complex designed to support your body at the cellular level. Our product has been thoroughly tested by an ISO/IEC Certified Lab for toxins and Heavy metals as well as for trace mineral content. We KNOW we have NO lead, arsenic, mercury, aluminum etc. in our Formula. This Humic & Fulvic Liquid Trace Mineral complex has high trace levels of naturally occurring Humic and Fulvic Acids as well as high trace levels of Zinc, Iron, Magnesium, Molybdenum, Potassium and more. There is a wide range of up to 70 trace minerals which occur naturally in our Complex at varying levels. We Choose to list the 8 substances which occur in higher trace levels on our supplement panel. We don’t claim a high number of minerals as other Humic and Fulvic Supplements do and leave you to guess which elements you’ll be getting. Order Your Humic Fulvic for Your Family by Clicking on this Link , or the Banner Below.



Our Formula is an exceptional value compared to other Humic Fulvic Minerals because...


It’s OXYGENATED

It Always Tests at 9.5+ pH

Preservative and Chemical Free

Allergen Free

Comes From a Pure, Unpolluted, Organic Source

Is an Excellent Source for Trace Minerals

Is From Whole, Prehisoric Plant Based Origin Material With Ionic Minerals and Constituents

Highly Conductive/Full of Extra Electrons

Is a Full Spectrum Complex


Our Humic and Fulvic Liquid Trace Mineral Complex has Minerals, Amino Acids, Poly Electrolytes, Phytochemicals, Polyphenols, Bioflavonoids and Trace Vitamins included with the Humic and Fulvic Acid. Our Source material is high in these constituents, where other manufacturers use inferior materials.


Try Our Humic and Fulvic Liquid Trace Mineral Complex today. Order Yours Today by Following This Link.

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

MOST RECENT
Load more ...

SignUp

Login

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.