4 ms·

Fun fact, Bayer bought Monsanto last year.

anthony_doan 8y ago
Yep, DW german news was covering it. Law suits against Monsanto were being settle after the buyout and a few people were talking about how American court were waiting until Monsanto was bought by the German before the suit is settle. This is on top of the CEO of Bayer stating to the news media that he knew about Monsanto having a bad image. On top of the fact that Bayer sold HIV blood and supplied chemical during WWII for the Nazi.
- cf141q5325 8y ago
  >and supplied chemical during WWII for the Nazi. IG Farben did a lot more then that. Among others buying people from concentration camps for medical studies which none of the "testsubjects" survived.
  - danimal88 8y ago
    Yep. https://ahrp.org/auschwitz60-year-anniversary-the-role-of-ig-farben-bayer/ https://ahrp.org/auschwitz60-year-anniversary-the-role-of-ig...
    - spilled_Milk 8y ago
      1945 is so recent though.
stiGGG 8y ago
Next fun fact: Bayer and Monsanto together are now worth less than Monsanto alone at the time of the acquisition.
- tonyedgecombe 8y ago
  It seems two wrongs don't make a right.
- Jonnax 8y ago
  What happened?
  - lnsp 8y ago
    Too much evil spirit for a single company to contain. And they had to pay like 80M Eur in damages to a pensioner being related to Glyphosat being carcinogenic. This ruling may have set a precedent for the future.
  - Tomte 8y ago
    US juries, after years of reluctance, spontaneously decide that Glyphosat is a killer and worth heavy punitive damages. As soon as a foreign company bought Monsanto, that is. I don't really mind the verdict itself, but the timing is more than a bit suspicious.
    - est31 8y ago
      > I don't really mind the verdict itself, but the timing is more than a bit suspicious. Yeah, that's definitely a bit weird. It's similar to when a government entity in the USA suddenly discovered the Diesel cheating just when big foreign car manufacturers had large successes in the US market. Even though it was made to look like it in the news, Volkswagen wasn't the biggest perpetrator [0]. And currently the US government puts major pressure onto the DTAG-Sprint merger and constantly comes up with new requirements, e.g. now they want DTAG to stop buying Huawei products world wide [1]. [0]: https://upload.wikimedia.org/wikipedia/commons/3/34/Nitrogen_oxide_on-road_emissions_by_manufacturer_and_capacity.svg https://upload.wikimedia.org/wikipedia/commons/3/34/Nitrogen... [1]: https://www.reuters.com/article/us-sprint-corp-m-a-t-mobile-huawei-exclu/exclusive-t-mobile-sprint-consider-dropping-huawei-see-u-s-security-clearance-for-deal-sources-idUSKBN1OD2HO https://www.reuters.com/article/us-sprint-corp-m-a-t-mobile-...
      - Latteland 8y ago
        It wasn't like foreign autos weren't successful in the us until 5-10 years ago. BMW, Audi, VAG were not just suddenly crushing us companies.
- maze-le 8y ago
  Doesn't that mean, that Monsanto and Bayer were both hopelessly overvalued by the time of the acquisition? I wonder which other company-valuations are overblown only by the image a they have (cough ... facebook ... cough). Metrics beyond "observables" -- assets, infrastructure, patents -- seem to be impossible, when considering investments, i.e. how much of these values are pure speculation (?). On the other hand -- these lawsuits were also "observable", but not really "measurable".
a3n 8y ago
I'm a trucker. A few months ago I went to pick up some freight from "Bayer," at a distribution center, and it was consumer bottles of Roundup destined for a retail garden supply company. I was a little confused, until I remembered "Oh yeah, right, Bayer bought Monsanto."

Yep, DW german news was covering it. Law suits against Monsanto were being settle after the buyout and a few people were talking about how American court were waiting until Monsanto was bought by the German before the suit is settle. This is on top of the CEO of Bayer stating to the news media that he knew about Monsanto having a bad image. On top of the fact that Bayer sold HIV blood and supplied chemical during WWII for the Nazi.

cf141q5325 8y ago
>and supplied chemical during WWII for the Nazi. IG Farben did a lot more then that. Among others buying people from concentration camps for medical studies which none of the "testsubjects" survived.
- danimal88 8y ago
  Yep. https://ahrp.org/auschwitz60-year-anniversary-the-role-of-ig-farben-bayer/ https://ahrp.org/auschwitz60-year-anniversary-the-role-of-ig...
  - spilled_Milk 8y ago
    1945 is so recent though.

stiGGG 8y ago

Next fun fact: Bayer and Monsanto together are now worth less than Monsanto alone at the time of the acquisition.

tonyedgecombe 8y ago
It seems two wrongs don't make a right.
Jonnax 8y ago
What happened?
- lnsp 8y ago
  Too much evil spirit for a single company to contain. And they had to pay like 80M Eur in damages to a pensioner being related to Glyphosat being carcinogenic. This ruling may have set a precedent for the future.
- Tomte 8y ago
  US juries, after years of reluctance, spontaneously decide that Glyphosat is a killer and worth heavy punitive damages. As soon as a foreign company bought Monsanto, that is. I don't really mind the verdict itself, but the timing is more than a bit suspicious.
  - est31 8y ago
    > I don't really mind the verdict itself, but the timing is more than a bit suspicious. Yeah, that's definitely a bit weird. It's similar to when a government entity in the USA suddenly discovered the Diesel cheating just when big foreign car manufacturers had large successes in the US market. Even though it was made to look like it in the news, Volkswagen wasn't the biggest perpetrator [0]. And currently the US government puts major pressure onto the DTAG-Sprint merger and constantly comes up with new requirements, e.g. now they want DTAG to stop buying Huawei products world wide [1]. [0]: https://upload.wikimedia.org/wikipedia/commons/3/34/Nitrogen_oxide_on-road_emissions_by_manufacturer_and_capacity.svg https://upload.wikimedia.org/wikipedia/commons/3/34/Nitrogen... [1]: https://www.reuters.com/article/us-sprint-corp-m-a-t-mobile-huawei-exclu/exclusive-t-mobile-sprint-consider-dropping-huawei-see-u-s-security-clearance-for-deal-sources-idUSKBN1OD2HO https://www.reuters.com/article/us-sprint-corp-m-a-t-mobile-...
    - Latteland 8y ago
      It wasn't like foreign autos weren't successful in the us until 5-10 years ago. BMW, Audi, VAG were not just suddenly crushing us companies.
maze-le 8y ago
Doesn't that mean, that Monsanto and Bayer were both hopelessly overvalued by the time of the acquisition? I wonder which other company-valuations are overblown only by the image a they have (cough ... facebook ... cough). Metrics beyond "observables" -- assets, infrastructure, patents -- seem to be impossible, when considering investments, i.e. how much of these values are pure speculation (?). On the other hand -- these lawsuits were also "observable", but not really "measurable".

a3n 8y ago

I'm a trucker. A few months ago I went to pick up some freight from "Bayer," at a distribution center, and it was consumer bottles of Roundup destined for a retail garden supply company. I was a little confused, until I remembered "Oh yeah, right, Bayer bought Monsanto."