Joyanna Adams

Nobody's Opinion

The GREAT Sell-off Of the American Companies

Nobody Knows

I’m doing the BIG clean out in my house right now. One Saturday I watched about 5 episodes of ‘Hoarders’ on Cable and thought: okay, time to get rid of all those old newspapers I have lying around in the basement. The stack COULD grow and take over, burst out the water pipes, I’d be arrested, and then have to sit on some chair while people go by me and say, “WHEN were you going to read this?”

I could hide under my hat and just grunt.

Anyway…Nobody Wonders…why nobody talks about all the mergers and big American companies that are NOW bought and owned by foreign companies…I thought about this as I looked at the past:

First on the pile was a Business analysis taken from the Post-Dispatch on May, 1997

Check this out.

I just looked at the top five St. Louis companies in three categories: Sales, Stock Market Value, and employees.

These are companies that existed in St. Louis in 1997.

McConnell Douglas Corp.

1st in sales, 4th in stock market value, 3rd in employees

This was right down the street from my house, and sat right next to the St. Louis Lambert Field airport…it was one of the biggest employees in St. Louis.

It no longer exists. The whole of North St. Louis middle class: ALSO went with it.

What? Yes, it was sold to….

New York Times: 1996

WASHINGTON— Boeing Co., the world’s largest commercial aircraft maker, said Sunday it would buy its long-time rival McDonnell Douglas Corp. for $13.3 billion in stock, creating the world’s largest integrated aerospace company.
The move will leave Airbus Industrie, the increasingly successful European consortium, battling head to head with only a single major competitor for the lion’s share of the world’s commercial airplane business.

Now, in 2019, it seems a few more crashes and Airbus can buy Boeing out. China TRIED to make a big port out of Lambert field, to bring in their big planes, so we’ll see if they come back with it. We lost TWA, and now that company is gone.

Archer Daniels Midland Company

2nd in sales, 6th in stock value, 11th in employees

Evidently, this company still exists. I never knew it was even HERE.  Probably because they make pretty much junk food that is making everybody fat. HIGH Fructose corn syrup. Get rid of this, and nobody would NEED health care. I think I’d keep my location a secret too if I was them.

About Archer Daniels Midland Company

From your breakfast cereal to your lunchtime soda to the frozen pizza you heat up for dinner, high fructose corn syrup can be found in many foods and beverages. It’s a common sweetener made from corn, and one of the food ingredients that Archer Daniels Midland Co. produces. The agricultural processing company has four main business segments. The company’s oilseeds processing segment refines soybeans, cottonseed, sunflower seeds, canola, rapeseed and flaxseed and turns them into vegetable oils and protein meals. Archer Daniels Midland’s corn processing segment transforms corn into sweeteners, starches and bioproducts, including syrup, glucose, dextrose, corn gluten feed and meal, distillers’ grains, corn germ and animal feed ingredients.

Anheuser-Busch

3rd in Sales, 2nd in stock market, 6th in employees

This company more than most others was the most beloved in St. Louis due to the great man himself, Auggie Busch, who put the beer on the map, and the Clydesdale.  But his kids went global…and they sold it to…Belgium. It still makes beer, but it’s no longer an American company.

InBev is headquartered in Belgium and publicly traded on the on the Euronext stock exchange. With more than 155,000 employees around the world, the company serves as one of the top five consumer product organizations and has more than 200 beer brands in its portfolio. InBev sells its offerings in markets around the world. The company owns six of the ten most valuable brands in the world, which includes Bud Light, Budweiser, Corona, Skol, Stella Artois and Brahma.

May Department Stores

4th in sales,, 5th in stock market value, 1st in employees

Gone. All the stores, gone. Its biggest store was downtown, and when that died there was NO reason to shop downtown St. Louis anymore, you could be shot or robbed. Macy’s bought it, and now, Macy’s is going out of business. And they WANT the young to move into the cities? Good luck with that.

By September 2006, all of the May regional nameplates, except for the Lord & Taylor chain, ceased to exist as Federated consolidated its operations under the Macy’s mastheads including the stores most famous names Marshall Field’s, Filene’s, and Kaufmann’s, as well as the last nameplate to still have the May name (Robinson’s-May).

Monsanto

6 in Sales, 1st in Stock Market. 5th in employees

Well, it’s still here, but it’s now a GLOBAL company.

Monsanto has finally agreed to be purchased by Bayer AG in a historic $66 billion all-cash takeover. The agreement, which both corporations have confirmed, will form the largest seed and pesticide company in the world.

And that’s not all….Ralston Purina is no longer owned by Americans.

Ralston Purina, stripped down to a pure pet food company, now is part of Swiss-based Nestl�, one of the biggest food companies in the world.
The $10.3 billion cash deal that created Nestl� Purina PetCare, combines Ralston’s Dog Chow and Cat Chow under the same roof as Nestl�’s Alpo, Friskies and Mighty Dog brands.

See the pattern here? American companies being sold to the international company. I.E. GLOBALIZATION.

Gee thanks Daddy Bush.

Nobody much cares now do they?

The REAL wealth does NOT stay here in America…. and Nobody Wonders: how in the world did this destruction of the American middle class happen?

And Nobody Wonders why Nobody ever talks about it.

 

April 2, 2019 Posted by | American History | , | Leave a comment

   

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