Thursday, March 7, 2013

Today

As a result of the incidents of 2008, the federal government implemented stricter guidelines for the food industry. Provinces were given greater roles, especially when it came to provincial labs doing molecular fingerprinting of strains, rather than relying and waiting on federal labs. Health inspectors are required to do more rigorous inspections of food processing companies and the overall hygiene of the facilities. All together there were 57 new strategies implemented to keep the public safe from future disasters.

Maple Leaf Foods has had a jump in profit in 2013. Their stock has climbed 10 percent so far this year, with earnings rising 91.3 million from last year. The company is concentrating on closing older facilities and modernizing others.

On a personal note Michael McCain who is said to have a net worth of 500 million dollars is required to pay his ex-wife $175,000 a month in spousal support.

The company and the CEO both seem to be doing very well financially. It must be amazing to have that kind of money. I don’t know about you guys but I wouldn’t mind having a few of those millions. Still, no matter what kind of money we have happiness and family are the most important. I feel that if the people involved in the crisis, the people who lost loved ones, could choice money or family, the choice would be obvious.


 









References:

  Listeriosis outbreak timeline. (2009). CBC News. Retrieved from http://www.cbc.ca/news/story/2008/08/26/f-meat-recall=timeline.html

Maple Leaf Foods profit jumps as charges drop.(2013).Reuters. Retrieved from http://ca.reuters.com/article/businessNews/idCABRE91P0HD20130226

McInnis, F.(2013). Maple Leaf Foods CEO Michael McCain must pay $175,000 to his ex-wife every month.Retrieved from http://www.torontolife.com/daily/informer/my-name-is-lucre/2013/01/14/michael-mccain-divorce-spousal-support/ 

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