Pilgrim's Pride to close 900-worker Georgia plant

There are 8 comments on the Feb 27, 2009, www.ajc.com story titled Pilgrim's Pride to close 900-worker Georgia plant. In it, www.ajc.com reports that:

Pilgrim's Pride Corp. said Friday it will close a South Georgia poultry plant, eliminating the jobs of all 900 workers.

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john

Atlanta, GA

#61 Apr 9, 2009
if you are a us citizen you pay tax no matter were you live or for how long. They would have to give up their citizenship.
Tax smart wrote:
<quoted text>Fading away is exactly what they are doing. Shutting down and creating totally different businesses overseas BEFORE obama has a chance to raise their taxes here or to force employers to pay for employee health care.
Hollywood stars are already buying homes in foreign countries. They will have the option of making movies out of the country and avoiding American taxes altogether. By living out of the country for one full year they can make numerous movies tax free. They can still live in the U.S. when work is slow and their incomes are down (under $250,000). This was common practice during the 1960s and 1970s when tax rates were up to 90%. Hollywood stars avoided millions in taxes back then.
old chicken farmer

Greenville, TX

#62 Apr 9, 2009
From what I understand, a lawsuit can't be brought against a company that is under bankruptcy. The Clinton growers had filed their claim before Pilgrim went into bankruptcy. Therefore, Pilgrim will have to settle the Clinton growers claim before they can come out from under bankruptcy. The El Dorado growers have not filed a lawsuit but rather the lawyers tried to get listed as unsecured debtors in order to influence the idling of their facality. With the lawyers representing the El Dorado growers basically throwing in the towel it is very doubtful that facality will ever operate again. Considering the economic condition of the poultry industry presently, it is also very doubtful that any other intergrator will buy that facality and if it does it will take 17 to 18 months after the sale to get it up to full production. I don't know many growers, with their hugh financial obligations, that will be able to survive. It seems the lawyers representing the El Dorado growers are trying to get what money they can, while they can, and minimize their expense. And as far as Gov. Beebee, WHY HASN'T HE BEEN TO EL DORADO again to address the growers concern? Gov. Jindal made numerous trips to Farmerville to reassure those growers that the elected officials were on top of things. I just don't see any concern from our governor. I guess he is too busy to take the time. Hopefully everyone will remember this when Gov. Beebee comes up for election. I'm afraid the El Dorado growers have been snowed.
Bimbo obama

United States

#63 Apr 9, 2009
jane1968 wrote:
The only problem with your statement is that you forgot his "plan" to remove incentives to move overseas. Corporations will have no choice but to act responsibly or fade away.
<quoted text>
U.S. corporations have been moving overseas for decades and even new laws don't apply if they do things right.
By closing down a U.S. corporation and selling out there is no way to prevent that. That money is not traceable to where it goes next. If it is used to purchase real estate overseas then that's not moving the company overseas. Hollywood movie stars have been doing this for decades to get assets out of taxable investments and into real estate that goes up in value but remains untaxed. Take your own money and provide it to a relative or trusted friend in a foreign country to invest in any business. obama will never find it to tax you on it.
This is exactly why American companies are not currently hiring. They're moving their assets overseas because of the tax risk and employee health care costs promised by obama.
Remember, these people didn't get to be successful by being stupid.
Investing in America under obama is stupid!
Bimbo obama

United States

#64 Apr 9, 2009
john wrote:
if you are a us citizen you pay tax no matter were you live or for how long. They would have to give up their citizenship.
<quoted text>
Totally untrue! Live out of the country for one year and you avoid taxes.
Investing overseas while living in the U.S. may or may not be taxable. Who keeps the books? And who has the authority to subpoena those books? Who even knows where the books are located?
Since when does the U.S. have authority to tax your Irish brother on a business he runs with your money?
All obama has accomplished is to scare investment money out of this country forever.
Curious

Baltimore, MD

#65 Jan 27, 2010
Anyone know who bought out Pilgrim's Pride?
canceled grower

Saint Louis, MO

#66 Jan 27, 2010
jbs a brazilian beef company, Now the worlds largest meat processing company.
question

Bryceville, FL

#67 Jan 27, 2010
Anyone know any of the local realtors?
They would have been contacted by now about anybody new moving to town looking for a rental or house to buy.
JBS will probably be bringing their own managers to get stuff started.
Does anyone have any legit information?
Michael

United States

#68 Jan 27, 2010
how many rental houses you want?

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