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Monsanto Making Millions Off Farmers' Backs |
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Wednesday, 21 May 2008 |
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Hugh Grant, Monsanto Chairman, CEO, and President probably wont notice the increased price of a loaf of bread. And if he does it will be with a smile. Grant is $13,000,000 and some change wealthier today than he was on Monday, as he chose to exercise stock options - 116,000 shares worth that netted him a profit of over $114 PER SHARE. Like many of us, I wouldnt mind paying the extra dollar per loaf of bread if I knew the majority of that dollar was going back into the hands of farmers. Instead, the higher prices at the checkout line are funneled to the agri-giants like Monsanto and Cargill, companies making record profits. Remind you of gas prices and oil companies? Reminds me that these agri-giants spent $100 million on getting their way in the Farm Bill, an investment with huge dividends for Monsantos Hugh Grant anyway.
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