by Michael Lowrey
We got more news today about what sort of a messed up company Chiquita is: In a nonbinding vote, its shareholders rejected the company’s executive compensation plan. This happens pretty rarely — like 2 percent of the time for big companies — and is usually a sign that a company is in serious trouble.
Nice to know that our taxpayer dollars are being used to bring such a winner to town. Did anyone in state or local government bother to do any due diligence before offering Chiquita money for the move?