Word: lindners
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AFTER READING YOUR REPORT ON CARL Lindner, the Chiquita Brands banana tycoon who showers money on members of Congress to get favorable free-market trade for bananas [BUSINESS, Jan. 22], I have concluded that the U.S. is not a democracy. In a democracy the people rule through their elected representatives: one man, one vote. Not so in the U.S. (or in any number of other countries). The basic idea is more like: $10,000, one vote! The electorate chooses certain people. These then go on to receive hundreds of thousands of dollars for doing what certain companies and associations want...
...story might have been just another ho-hum item in the trade newspapers, except for a striking fact. One company--and one man--stood to gain more than anyone else from the exercise in U.S. trade pressure. The man is Carl Lindner, 76, a Cincinnati, Ohio, real estate, insurance and banana tycoon who likes to boast of his friendships with U.S. Presidents and sometimes blusters about what his political connections can do for him. For more than two years, Lindner has showered money on some of the biggest names in Congress, Democrats and Republicans alike. At the same time, Lindner...
Kantor aside, no one has championed Lindner's cause more enthusiastically than Bob Dole. In recent months Dole has twice pressed for congressional action against Colombia and Costa Rica and tried unsuccessfully to attach a rider to the stalled budget bill that would place sanctions on those countries unless they pulled out of the European pact. TIME has learned that Dole has persuaded several congressional leaders to include language expressing disapproval of Colombia's and Costa Rica's deal with the European Union in the report that accompanies any final budget agreement. Dole insists that standing up for Lindner...
Maybe not, but Lindner has long been a generous political bankroller. He and his companies lavished $1.3 million on G.O.P. committees from 1988 through 1994, while putting $625,000 in Democratic coffers. Lindner's holding company, American Financial Group, gave an additional $140,000 to the Republicans in the first half of 1995, and handed $40,000 to the National Republican Senatorial Committee last October, just as Dole was pushing Chiquita's interests in Congress. Lindner also contributed $100,000 to Dole's now defunct Better America Foundation, which helped launch his presidential...
...Carl Lindner...