Core Points - JBS, the world's largest meat processing company, has received approval from the SEC to list on the New York Stock Exchange despite a history of bribery and corruption involving its major shareholders, the Batista brothers [2][3] - The Batista brothers, Joesley and Wesley, have faced multiple scandals over the past decade, including bribing over 1,800 Brazilian politicians and engaging in various illegal activities in the U.S. [3][5] - The company plans to proceed with its IPO after overcoming significant political opposition and legal challenges, with a shareholder vote scheduled for later this month [3][5] Company Background - JBS has grown into a giant with annual revenues exceeding $77 billion, operating globally with major brands in the U.S. such as Swift and Pilgrim's Pride [4] - The Batista brothers took control of JBS in the mid-2000s and successfully listed the company on the São Paulo stock exchange in 2007, marking it as one of the most successful IPOs in Brazilian history [11] Legal and Political Challenges - The company has faced ongoing scrutiny from U.S. politicians, with significant opposition from both parties regarding its IPO due to its history of corruption [5][8] - A notable political donation of $5 million to Donald Trump's inauguration committee coincided with the SEC's approval of JBS's IPO, raising questions about potential influence [8][9] Financial Implications - Analysts predict that JBS's stock price could double following its IPO, providing the company with more resources to address environmental issues and regulatory scrutiny [15] - The Batista family's control over JBS is expected to increase post-IPO, allowing them to maintain significant voting power within the company [15][16] Governance and Oversight - There are calls for a strong independent board to oversee JBS, especially given the family's historical control and the need for enhanced regulatory oversight following the IPO [16]
腐败、捐赠与上市:揭秘全球最大肉企如何“买通”美国监管
Sou Hu Cai Jing·2025-05-20 09:39