Militia-funding banana company Chiquita has announced a big restructuring plan that will eliminate 160 management jobs, including 21% of the top three tiers of management, for a savings of $60-80 million dollars in 2008. The company says it will use the savings to pay down debt. It doesn’t mention, however, that last month it was fined $25 million for financially supporting both left- and right-wing paramilitary groups in Colombia from 1997 to 2004.
“Americans collectively spent more than we earned after taxes for the past two years in a row,” says SmartMoney in their latest cover story, “Live Debt-Free”. Their point: we spend a lot of time thinking about how to save and how to invest, but not enough time working out a healthy debt strategy that doesn’t eat away at our happiness, not to mention our retirement savings. They offer four different strategies for reducing your debt to little or nothing, so that you can apply your income to more worthwhile activities than fighting off your liability monster.
We find this tale of Starbucks satisfaction, courtesy of Evan D, just so very cute. Notice anything interesting about it?