Word: adm
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When you add the $275,000 ADM gave to the Dole Foundation, the senator's charity, and the $500,000 it gave to the Red Cross when Elizabeth Dole became its president, you're talking about some serious money. Shell games like these allow politicians to raise huge sums without appearing corrupt--over the course of his long career, Dole has received over $47 million in donations...
...giant-corporate agenda has become the sole agenda. Even the Public Broadcasting System has been purged of temperate Robert MacNeil, reducing its NewsHour to Republican softball pitcher Jim Lehrer--a guaranteed development now that every program begins with "Thanks" to Exxon or "Thanks" to AT&T or "Thanks" to ADM. You don't bite the hand that feeds...
...rancorous annual meeting today despite a federal price-fixing inquiry. Dwayne Andreas, the powerful chairman and CEO, and the 17-member board of directors were re-elected with 80 percent support, despite dissident shareholders' charges that the board is too cozy with management to review allegations that ADM and several competitors fixed prices on major commodities. "It was clearly Andreas' show," reports TIME's William McWhirter. "He looked tan and fit and superconfident, so much so that at the very end, he plucked a red rose from a vase on the stage and popped it into his lapel." An accidental...
...discovery of Whitacre's role has made him a villain in Decatur, the home of ADM, where residents like Earl Gates argue in the local newspaper that Whitacre "violated the code" by going "public with internal problems." But Whitacre's neighbors in Moweaqua have rallied to his side, painting him and his wife as an unpretentious couple who give away a garageful of toys at Christmas and spend a lot of time with their children. Insists attorney Robert Allison, who works out of an office behind Mayor George Forston's barbershop: "The only codes that mean anything in this country...
Until he emerges from his current silence, Whitacre will continue to mystify--as the man intolerant of deception who spent two years deceiving his colleagues, and as the hyperambitious ADM executive who seemed to think he could expose his company and still...