[NEW ARRIVALS] The Informant (Movie Tie-in Edition): A True Story (Random House Movie Tie-In Books) (Paperback)
Published: 09 Oct. 2009, 19:19
AUTHOR : Kurt Eichenwald
GENRE : Non-fiction
The title of this high-powered true crime story is an accurate teaser to a bizarre financial scandal with more plot twists than a John Grisham novel. In 1992 the FBI stumbled upon Mark Whitacre, a top executive at the Archer Daniels Midland Corporation who was willing to act as a government witness to a vast international price-fixing conspiracy. ADM, which advertises itself as “The Supermarket to the World,” processes grains and other farm staples into oils, flours and fibers for products that fill America’s shelves, from Jell-O pudding to StarKist tuna. The company’s chairman and chief executive, Dwayne Andreas, was so influential that he introduced Ronald Reagan to Mikhail Gorbachev. There were two mottoes at ADM: “The competitors are our friends, and the customers are our enemies” and “We know when we’re lying.” And lie they did. With the help of Whitacre, the FBI made hundreds of tapes and videos of ADM executives making price-fixing deals with their co-rivals from Japan, Korea and Canada, all while drinking coffee and laughing about their crimes.
GENRE : Non-fiction
The title of this high-powered true crime story is an accurate teaser to a bizarre financial scandal with more plot twists than a John Grisham novel. In 1992 the FBI stumbled upon Mark Whitacre, a top executive at the Archer Daniels Midland Corporation who was willing to act as a government witness to a vast international price-fixing conspiracy. ADM, which advertises itself as “The Supermarket to the World,” processes grains and other farm staples into oils, flours and fibers for products that fill America’s shelves, from Jell-O pudding to StarKist tuna. The company’s chairman and chief executive, Dwayne Andreas, was so influential that he introduced Ronald Reagan to Mikhail Gorbachev. There were two mottoes at ADM: “The competitors are our friends, and the customers are our enemies” and “We know when we’re lying.” And lie they did. With the help of Whitacre, the FBI made hundreds of tapes and videos of ADM executives making price-fixing deals with their co-rivals from Japan, Korea and Canada, all while drinking coffee and laughing about their crimes.
with the Korea JoongAng Daily
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