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US Sugar: No Victim of Nafta
by Felix Salmon
May 31, 2008
May 31, 2008
Mary Williams Walsh, in the NYT, has a good investigation of US Sugar, and the way that its managers seem to be enriching themselves at the expense of their employee-shareholders. It is unfortunate, however, that one sentence, buried in her copy, made it into the photo caption at the top which everybody reads:
...In Clewiston, Fla., U.S. Sugar was known as a good citizen. But after Nafta, the company changed as it rushed to lower its costs.
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