--- title: Chiquita Banana Fyffe's Merger Tax Inversion and Other Banana Scandals description: That's a controversial fruit you're eating there canonical: https://time.com/3534631/history-bananas/ author: Sam Frizell article:opinion: false article:content_tier: free article:published_time: 2014-10-24T16:00:28.000Z article:modified_time: 2026-02-21T10:58:43.334Z article:section: History og:title: Chiquita Banana Fyffe's Merger Tax Inversion and Other Banana Scandals og:description: That's a controversial fruit you're eating there og:url: https://time.com/3534631/history-bananas/ og:site_name: TIME og:image: https://static.time.com/v3/assets/bltea6093859af6183b/blte07889c1152ed004/6987628435ba6f7017c04a32/bananas.jpeg?branch=production&width=1200&quality=75&auto=webp&crop=16:9 og:image:width: 1800 og:image:height: 1013 og:image:alt: Chiquita Bananas og:type: article twitter:card: summary_large_image twitter:title: Chiquita Banana Fyffe's Merger Tax Inversion and Other Banana Scandals twitter:description: That's a controversial fruit you're eating there twitter:image: https://static.time.com/v3/assets/bltea6093859af6183b/blte07889c1152ed004/6987628435ba6f7017c04a32/bananas.jpeg?branch=production&width=1200&quality=75&auto=webp&crop=16:9 ---  # Unpeeling the Controversial History of Bananas > Sponsored content. 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They are at time.com/newsletters and are separate from a paid subscription. by [Sam Frizell](https://time.com/author/sam-frizell/) ## Sam Frizell Oct 24, 2014 4:00 PM UTC  Chiquita Brands International Inc. bananas are displayed at a store in San Francisco on Feb. 19, 2013. Chiquita Brands International Inc. bananas are displayed at a store in San Francisco on Feb. 19, 2013.David Paul Morris—Bloomberg / Getty Images by [Sam Frizell](https://time.com/author/sam-frizell/) ## Sam Frizell Oct 24, 2014 4:00 PM UTC On Friday, shareholders for banana empire [Chiquita](http://www.chiquita.com/Home.aspx) will vote on a merger with European fruit distributor Fyffes, a decision that would create the world’s largest banana-selling company, to be headquartered in Ireland. Not because bananas grow plentifully in County Cork or the hills of Connemara, or because bananas are replacing potatoes anytime soon. It’s more likely because Ireland has among the lowest corporate tax rates in the banana-eating world. Chiquita’s shareholders are deciding on a tax inversion, a nifty trick to avoid paying taxes in America, one that has recently ruffled everyone from [President Obama](http://news.yahoo.com/obama-offshore-tax-inversions-unpatriotic-100223669--finance.html) to [Warren Buffet](http://www.forbes.com/sites/jeremybogaisky/2014/08/25/burger-king-may-get-an-assist-from-warren-buffett-in-purchase-of-tim-hortons/). (Chiquita told the [_Wall Street Journal_](http://online.wsj.com/articles/chiquita-fyffes-reach-merger-agreement-1411712854) that it’s not motivated by tax incentives, but Fyffe’s executive chairman told the [New York _Times_](http://dealbook.nytimes.com/2014/03/10/chiquita-to-buy-irish-fruit-and-produce-distributor-fyffes-in-all-stock-deal/) that there could be tax benefits in the future.) But Chiquita, whose bananas you have most definitely eaten, has done way more controversial things. Before it was today’s Chiquita, with one-fifth of global banana market share, it was United Fruit, an even more massive banana conglomerate known to generations of Latin Americans as “the Octopus.” It had tentacles all over the Americas, grasping corridors of power everywhere south of the United States. United Fruit was despised in Latin America, so much so that its simulacrum made it into literature by a Nobel Prize-winning author. In [_One Hundred Years of Solitude_](http://202.74.245.22:8080/xmlui/bitstream/handle/123456789/164/Marquez.pdf?sequence=1), Gabriel García Márquez wrote of “the Banana Company” arriving in the jungle town of Maconda, bringing with it “dictatorial foreigners… to run the town” using “hired assassins with machetes.” Then, in 1970, after years of earning a bad reputation, United Fruit appeared to have been saved. [Here’s ](http://content.time.com/time/subscriber/article/0,33009,910767,00.html)how TIME described what happened, in 1973: --- > “” --- But the ex-rabbinical student, named Eli Black, slipped cruelly on the banana conglomerate he had purchased. In 1975, a week after the Securities and Exchange Commission discovered that Black bribed the Honduran economics minister $1.25 million for lower banana export taxes, Black committed suicide. United Fruit renamed itself Chiquita Brands International in 1990, and worked to clear up its image. All clear the image was not, however. For one thing, a[ lengthy TIME investigation](http://content.time.com/time/magazine/article/0,9171,996001,00.html) published in 2000 linked Chiquita CEO Carl Lindner’s significant political contributions to preferential trade policies pushed by the Clinton Administration. European tariffs were keeping Lindner’s Chiquita bananas out of their market, so the argument went, and Lindner wanted the U.S. to put pressure on Europe to relax its restrictions. So Lindner wrote generous checks to the Democrats, allegedly to get the U.S. to threaten to increase U.S. tariffs on European goods. “The Clinton Administration was ready to mount a global trade war on Lindner’s behalf,” [TIME reported](http://content.time.com/time/magazine/article/0,9171,996001,00.html), after Lindner showed he would “dispense cash to the Democrats.” And a few years later, in 2007, Chiquita acknowledged it had paid [$1.7 million to Columbia’s paramilitary groups](http://content.time.com/time/world/article/0,8599,1616991,00.html) until February 2004, according to TIME. If the shareholders agree to move Chiquita across the pond — Fyffes shareholders hold their vote next week — it won’t be the most controversial thing the company has done. And that’s just the history of one company, selling a fruit that appears to attract controversy wherever it goes: even the 1920s hit song “[Yes! We Have No Bananas](https://www.youtube.com/watch?v=yTTrXAE7OPU)” has [inspired disagreement](http://content.time.com/time/subscriber/article/0,33009,716465,00.html). ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/3534631/history-bananas/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/3534631/history-bananas/"},"headline":"Unpeeling the Controversial History of Bananas","datePublished":"2014-10-24T16:00:28.000Z","dateModified":"2026-02-21T10:58:43.334Z","description":"That's a controversial fruit you're eating there","url":"https://time.com/3534631/history-bananas/","keywords":["Business topic","bananas"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blte07889c1152ed004/6987628435ba6f7017c04a32/bananas.jpeg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Sam Frizell","jobTitle":null,"url":"https://time.com/author/sam-frizell/"}],"articleSection":"History","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blte07889c1152ed004/6987628435ba6f7017c04a32/bananas.jpeg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"Chiquita Bananas","caption":"Chiquita Bananas","creditText":"David Paul Morris—Bloomberg / Getty Images","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/history/","name":"History"}},{"@type":"ListItem","position":2,"item":{"@id":"https://time.com/3534631/history-bananas/","name":"Unpeeling the Controversial History of Bananas"}}]}] ```