Showing posts with label corporate crime. Show all posts
Showing posts with label corporate crime. Show all posts

Apr 9, 2017

A Death in Iowa—Bullied by Pro-Factory Farm Trolls, Mason City Councilman Kills Himself

Mason City Globe Gazette obituary for Alex Kuhn.
(Photo: Special to The Des Monies Register)
"There won’t be any bullies to burden your way. No words that cut like a knife at the end of the day."
— verse from a poem to Alex Kuhn from his father, Mark, after his son's death, (Basu, Des Monies Register)

It's not just community and family that are betrayed by factory farm corporations befouling and depleting water.

A young man in Iowa is now part of the carnage.

Extraordinary reporting by Rekha Basu of the Des Monies Register tells the story of a brilliant, socially conscious 34-year-old man driven to suicide last year by people with no conscience.

Trolls and bullies drove Alex Kuhn to suicide for successfully standing up for clean water in his capacity as a Mason City councilman. Basu wrote the feature-length piece because the Mason City paper, the Mason City Globe Gazette, ignored the harassment that Kuhn's father substantiated.

Alex Kuhn served his community in Mason City, Iowa
Kuhn opposed the siting of a 10,000-swine, pork-processing plant in Mason City, Iowa by the Prestige Foods of Iowa corporation, (Prestage Farms). The Prestige Foods siting was killed on May 3, 2016 after a 3-3 vote Mason City Council vote.

"Two months later, Kuhn shot and killed himself, after his friends and family say he was pressured and blamed for the outcome," reports Rekha Basu of the Register.

Writes Basu:

Once heralded by people from both parties as destined to go far in politics, praised for his compassion and commitment to the underrepresented as well as to economic development, Kuhn now found himself an outcast among the city's powerful. He became a casualty of the divisive, high-pressured, back-biting political environment.

His father, Mark Kuhn, is blunt: 'Alex was being bullied.' ...

The failure of the Prestage deal inflamed politicians, agribusinesses, local business boosters and government economic development folks, the father, Mark Kuhn says. But it was the wrath of those Alex considered his friends, particularly the mayor, that really hurt him. 

Is this where Wisconsin is headed? Illinois?

From Rekha Basu:

With his youthful good looks, intelligence, political pedigree and knack for getting along with everyone, Alex Kuhn was often likened to a young John Kennedy. He grew up around both politics and farming, having clerked for his father, a former Democratic state representative now on the Floyd County Board of Supervisors, and helped on the family's 850-acre farm in Charles City, southeast of Mason City. After graduating from high school there in 2000 and Iowa State University in 2004, he went to Houston, Texas, to student-teach. But when his father was injured the following year in a farming accident, Alex returned to help. 

What is wrong with people who harass a man to death for defending water?

Water is life. Not everyone understands or cares, though.

Jan 23, 2009

Merrill Lynch's John Thain: Villain of the Century


Update: John Thain's Top Ten Greatest Moments

Can you believe this? Sick.

Merrill Lynch, with CEO John Thain presiding, paid fifteen billion dollars in bonuses in December with public money. This news is sure to be iconic.

As in outrageously sociopathic, meet the Jeffrey Dahmer of finance: Merrill Lynch CEO John Thain.

From Clusterstock.com, read John Carney's Wall Street’s Sick Psychology of Entitlement

Writes Carney:


The news that Merrill Lynch paid out $15 billion in bonuses is sure to ignite new questions about the wisdom of bailing out Wall Street. Merrill Lynch took $10 billion from the TARP, allegedly to fill holes in its balance sheet. But instead of using that to repair its financial health, it simply put the money into the pockets of its employees. There is no way to defend this disgusting payout.

But that won’t stop Bank of America, which now owns Merrill, from
defending the bonuses. And across Wall Street there are lots of people who actually believe that Merrill did the right thing.

How can so many smart people be so dumb?

Easily.

There is a sick psychology of entitlement on Wall Street that was created during the bubble years. Many simply cannot believe that they do not deserve huge pay packages. Their brains have (not) caught up with the idea that they are working in broken institutions that would
be unable to pay to keep the lights on if not for the fact that Washington has given them billions of taxpayer dollars.
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Remember the latest Bank of America (BAC) bailout, the one we were all so steamed about last week? (The $20 billion of cash and $100+ billion of trash-asset guarantees that absolutely had to be given or else Bank of America shareholders might have lost everything?)

Yes, well, you probably thought that that cash would be used to bolster the bank's capital or something. (We know you weren't dumb enough to think it might have been used to make loans).

Alas, it wasn't used for that. It was used to pay Merrill Lynch executives the huge bonuses they deserved for unloading their balance sheet on for-some-reason-not-yet-fired Bank of America CEO Ken Lewis.*

*BOFA will say that the cash used to pay the bonuses was not the actual cash received from taxpayers. Please. Cash is cash. What BOFA and Merrill are already saying in their defense is that the bonuses were accrued (and mostly paid) all year and that Merrill just shelled out the last $4 billion in December...a month before the latest bailout funds arrived.

But that's ridiculous. ...

From a political perspective, Obama can propose and pass just about any regulatory framework to hold these guys accountable.
This is the 911 of Wall Street greed. CEO John Thain, this is the *$^&* who will make Enron's Kenneth Lay look like Jesus Christ.