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Eli M. Black (April 9, 1921–February 3, 1975) was a Jewish-American businessman who controlled the United Brands Company. Events 193 - Septimius Severus is proclaimed Roman Emperor by the army in Illyricum (in the Balkans) Year 1921 ( MCMXXI) was a Common year starting on Saturday (link will display full 1921 calendar of the Gregorian calendar Events 1112 - Ramon Berenguer III of Barcelona and Douce I of Provence marry uniting the fortunes of those two states Year 1975 ( MCMLXXV) was a Common year starting on Wednesday (link will display full calendar of the Gregorian calendar. Chiquita Brands International Inc ( is a Cincinnati Ohio -based producer and distributor of Bananas and other Produce, under a variety of Subsidiary

Born Elihu Menashe Blachowitz in Poland, he came to America as a child. Poland (Polska officially the Republic of Poland He was trained as a rabbi, and served a congregation in Woodmere, New York, but left the pulpit after three-and-a -half years to enter business. Rabbi (pronunciation, although in English usually) in Judaism, means a religious ‘teacher’ or more literally ‘my great one’ when addressing any master Woodmere is a hamlet (and Census-designated place) in Nassau County, New York, United States. He became a successful investment banker, and in 1954 he was named president of the American Seal-Kap Company. Investment banks profit from companies and governments by raising money through issuing and selling Securities in the Capital markets (both equity and Year 1954 ( MCMLIV) was a Common year starting on Friday (link will display full 1954 Gregorian calendar)

American Seal-Kap made the plastic liners in bottle caps, but Black turned it into a vehicle for acquisitions. He renamed the company AMK after its ticker symbol and jumped on the conglomerate bandwagon of the 1960s. A conglomerate is a large Company that consists of seemingly unrelated Business sections The 1960s decade refers to the years from the beginning of 1960 to the end of 1969 Among his acquisitions was the John Morrell meatpacking company. The meat packing industry is an Industry that handles the slaughtering, Processing and distribution of animals such as Cattle In 1969 he took over United Fruit Company and renamed his company United Brands. Year 1969 ( MCMLXIX) was a Common year starting on Wednesday (link will display full calendar of the Gregorian calendar. The United Fruit Company was a major United States Corporation that traded tropical Fruit (primarily Bananas and Pineapples grown

United Fruit had far less cash than Black had believed when he acquired it. Black was not a good manager, and United Brands soon became crippled with debt. The company's losses were exacerbated by Hurricane Fifi in 1974, which destroyed many of its banana plantations in Honduras. Hurricane Fifi (or Hurricane Fifi-Orlene) was a catastrophic storm during the 1974 Atlantic hurricane season that made landfall in Belize Year 1974 ( MCMLXXIV) was a Common year starting on Tuesday (link will display full calendar of the 1974 Gregorian calendar. For the fruit see Banana. For other meanings see Banana (disambiguation. Honduras in Spanish, República de Honduras) is a democratic republic in Central America.

In 1975, the Securities and Exchange Commission uncovered a $2. The US Securities and Exchange Commission (commonly known as the SEC) is an independent agency of the United States government which holds primary responsibility 5 million bribe that the company had agreed to pay Honduran president Oswaldo López Arellano in return for reducing taxes on banana exports. Bribery, a form of pecuniary corruption is an act usually implying money or gift given that alters the behaviour of the recipient in ways not consistent with the duties of that person Oswaldo López Arellano ( 30 June 1921 -) was twice President of Honduras from 1963-1971 and 1972-1975 A few weeks before the scandal broke, Black went to his office on the forty-fourth floor of the Pan Am Building in Manhattan, bashed out the window with his briefcase, and jumped to his death on Park Avenue. The MetLife Building, originally called the Pan Am Building, is a Skyscraper located at 200 Manhattan Island, in New York Harbor, is much the largest part of the Borough of Manhattan, one of the Five Boroughs which form the City of New York Park Avenue (formerly Fourth Avenue) is a wide boulevard that carries north and southbound traffic in New York City Borough of Manhattan

After Black's spectacular suicide, Cincinnati-based American Financial, one of millionaire Carl Lindner, Jr.'s companies, bought into United Fruit. Carl Lindner Jr (born 1919 in Dayton Ohio) is a successful Cincinnati businessman and is among the world's richest people

Black's suicide was the inspiration for a scene in the 1994 screwball comedy film The Hudsucker Proxy. Year 1994 ( MCMXCIV) was a Common year starting on Saturday (link will display full 1994 Gregorian calendar) The screwball comedy is a subgenre of the comedy Film genre. It has proven to be one of the most popular and enduring film genres The Hudsucker Proxy is a 1994 Film directed by the Coen brothers, telling a fictitious story about the rise and fall of a naive executive and [1]

References

  1. ^ Stephen Dalton, Film Choice, The Times, June 21, 2007.

See also

The Union of Banana Exporting Countries (Unión de Países Exportadores de Banano or UPEB was a Central/South American cartel inspired by OPEC.
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