HONDURAS: A Genuine Banana Coup

Early one morning last February, Eli M. Black, 53-year-old chairman of United Brands Co., plunged to his death from his 44th-floor Manhattan office. Early last week General Oswaldo López Arellano, 53-year-old Honduran chief of state, was overthrown in a bloodless coup. The link between the two men was an alleged $1.25 million bribe that is now being investigated by both the U.S. Securities and Exchange Commission and a Honduran commission.

Anticipating the investigations that would inevitably follow Black's suicide, United Brands, a conglomerate with 1974 sales of $2 billion, admitted three weeks ago that it...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!