Bush brother walked away with 30,000 shares .......bribery

http://www.guerrillanews.com/globalization/doc3160.html

excerpt -

Careful... Bush baby on board


In fact, IAT was so successful in its deal with the company that in 1998 a man named Marvin Bush was appointed to the board. Bush was a board member of Del Monte from 1998 to late 2002, when he resigned his membership for "peronal reasons" according to a statement from Fresh Del Monte. His job during this time? Serving on the audit and compensation committees, bringing his vast knowledge of the field to his new company's messy looking finances.

....Nell Minow, founder of The Corporate Library, a research firm in corporate governance, in a July interview with Jane Bussey of The Miami Herald, called into question the internal trade's legitimacy. ''I would look with the highest degree of scepticism on these transactions,''she said.


Minow recommended that several appraisals should have been brought and that the businesses should have been offered on the open market for more verification, yet only one company supposedly checked that everything was above board.


But despite all these Bushy shenanigans, if Marvin no longer has any connection with the company, why would his brother's interference in Cancun be dodgy?


Well to say he has no connection at all is not strictly speaking true...


Marvin walked away with 30,000 shares in the company, and a quick look at the Yahoo finance page shows that at the time of writing, he still holds 30,000 shares, listed as a 'planned sale'. They're currently worth just under $500,000, and given that Fresh Del Monte's citrus business in Uruguay is directly dependent on continued Brazilian tariffs to keep its business, this little intervention could turn out quite nicely for him.


The Fresh Del Monte bribery case looks likely to finish in December.

"The man from Del Monte, he say Yesssssssssss!"