Monsanto name being retired - Good or Bad?

  1. RJ Schwartz profile image90
    RJ Schwartzposted 11 months ago

    The name Monsanto is no more, but not necessarily for reasons that would satisfy the seed and pesticide company's many critics.  Monsanto, under the gun on a regular basis by environmental groups, will shed the name permanently after German giant Bayer officially acquires the company on June 7.

    This action seems to be a weak attempt at "erasing history" - quite similar to how certain factions want to erase American history by tearing down Confederate Statues or not teaching or "re-writing" certain parts of our nation's story.  How will the global market react to this change?  Will a new "bad guy" be chosen or will Bayer pick up the baggage?

    1. MizBejabbers profile image90
      MizBejabbersposted 11 months agoin reply to this

      I hadn't heard about the eradication of the name "Monsanto." I hope Bayer has to pick up the baggage because the damage done by Monsanto, both financially and environmentally, is too great to let them off the hook. As Southerners say when northerners try to erase our history:  "Forget! Hell!"

    2. AshutoshJoshi06 profile image87
      AshutoshJoshi06posted 11 months agoin reply to this

      There's no harm in dropping a tarnished name besides the opposition especially the evironmentalist and the anti-gmo lobby will now have to restrategise against a more powerful, resourceful and revamped adversary.

      As far as the baggage goes, despite the detrators, Bayer has been a step ahead of Monsanto in handling crisis and would certainly up its game. As it is, Monsanto wasn't the only evil out there, but their bad attitude, sheer arrogance and PR failure brought them to this juncture.

      Anyways the merger may be good news and big bucks for few stakeholders but more importantly it brings the next wave of disruptions. With further monopolization in this sector, things will only get worse in the long run!

 
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