The company's revival is shadowed by its connections to the Trump administration, particularly a substantial $5 million donation from its U.S. subsidiary to Trump's inaugural committee, raising questions about the influence of political donations on regulatory decisions. JBS's comeback symbolizes a controversial alliance between business interests and political power amidst ongoing scrutiny from critics and watchdog groups.
After Trump's Election, JBS Rises from the Ashes of Corruption
After Trump's Election, JBS Rises from the Ashes of Corruption
JBS, the world's largest meatpacker, has made a remarkable resurgence following its fall from grace, raising concerns about political favoritism and regulatory standards.
Less than a decade ago, Brazil's JBS was embroiled in one of the largest corruption scandals, facing billions in fines and serious management upheaval. Now, with a recent approval to trade on the New York Stock Exchange, JBS has secured a significant financial boost, despite ongoing legal challenges related to price-fixing, child labor, and environmental issues.
