Samuel Scott III, the retired chairman and CEO of Corn Products International, which now calls itself Ingredion. He gave a speech to the Chicago Council on Global Affairs in which he examined the crisis in Chicago's African-American community, which was excerpted recently in Crain's Chicago Business.
Among his remarks, which were otherwise unremarkable, was this remarkable fact.
In the early 1970s, my old company, then CPC International and now Ingredion, employed over 5,000 factory workers at our plant in Bedford Park. Eighty percent of them were black. . . . Today Ingredion employs about 300 people in that plant, which produces about eight times what it did in the '70s.
It's not the Chinese, brothers and sisters. It's the machines.