Captain Morgan rum gets $2.7B
July 2, 2009
My dad pointed this out to me the other night, and I simply couldn’t believe it. In the U.S. bank TARP fund passed last fall, our benevolent government has given Captain Morgan, yes, the rum distiller, $2.7 Billion to move from Puerto Rico to the U.S. Virgin Islands. How stimulating is that? Oh there’s more…
Captain Morgan is profitable, has over 20% of the global market for rum, and is the world’s largest liquer distiller. Captain Morgan is owned by a British company, based in London. Why are we paying a British company to brew rum in a different location? Check out this article at Bloomberg. What’s next, paying Exxon/Mobile to locate to Canada.
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