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A law unto itself
Dear Editor,
Freddie Kissoon’s missive about Banks DIH is way off the mark especially about Mr. Clifford Reis being 90 years old and should retire – I grew up knowing Mr. Reis and his sisters and he’s nowhere close to 90 yrs.
Banks DIH is nothing like it used to be when Peter D’Aguiar was Managing Director. Following the death of his father, Peter Stanislaus, D’Aguiar became the Managing Director of the family business, D’Aguiar Bros. Ltd. The Guyanese business, which was involved in the production of rum and soft drinks, became the first in South America to bottle Pepsi-Cola in 1942.[1]
Under his management Peter D’Aguiar created Banks Breweries Ltd. in 1955, which in contrast to the family business was a public company. However, D’Aguiar Bros. went public in 1966 and merged with Banks Breweries Ltd. In 1969, resulting in the name Banks (D.I.H) Ltd. Mr. D’Aguiar was a humble man and give back bountifully to his workers. He even built a scheme of houses to be repaid at an affordable rate for his executives and thought of ways in which he could share some of the company’s profits with all Guyanese at large by giving away things like trays, table covers, back packs, beautifully made heavy glass ash-trays, dominoes sets made of ivory, and many, many other things especially at Christmas time.
Banks (D.I.H) Ltd is nothing like it used to be. The young executives today don’t know anything about Mr. D’Aguiar and what he stood for. The only thing present management is concerned with is how much profit they made for the year. It’s all about profit and more profit, even a basic thing like bread is not spared. So sad, that a once beautiful company has turned into another money grabbing conglomerate.
I should know I was one of its employees.
Sincerely,
Gloria Holder
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