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...Chicago hospital. Why would a corporate whistle blower, who for the past 2 1/2 years had carried hidden tape recorders and cooperated with the fbi in an investigation into price fixing at the giant Archer Daniels Midland Co., decide to take his own life? Whitacre was certainly under pressure. ADM lashed out at him after the executive surfaced as an fbi mole in June, accusing him of stealing at least $2.5 million from the company. Was the suicide attempt a sign that he was guilty? Or was it the despairing act of a fast-track executive who had been branded...
Whitacre says he was never a thief. In a letter to the Wall Street Journal just before his attempted suicide, Whitacre indicated that the $2.5 million the company said he took was, in fact, under-the-table payments ADM made routinely to favored employees. Whitacre is reported to have informed the Justice Department about the arrangement when he signed on as an informer. "Dig deep," he wrote the Journal. "It's there! They give it; then use it against you when you are their enemy...
...school said he held a master's degree in business from Northwestern University's prestigious Kellogg School. In fact, Whitacre earned his M.B.A. last year through mail-order courses from Kensington University in Glendale, California. A Millikin spokesman said the information about Kellogg came from "Whitacre's office" at ADM headquarters in Decatur; that left open the possibility that the company, rather than Whitacre, had pumped up his resume...
Whitacre brought that high intensity to ADM, where he arrived in 1989 after jobs as a researcher at Ralston Purina and a manager at Degussa, a German-owned chemical firm. He organized and ran ADM's fast-growing biochemical-products division. Under Whitacre's supervision the company began making the feed additive lysine in 1991; it now controls half the worldwide market. That made Whitacre a favorite of ADM chairman Dwayne Andreas and a likely successor to company president James Randall, 71. "He was very proud and excited about his work at ADM," says Combs, who kept in touch with...
...Wall Street Journal reported that FBI videotapes of secret meetings between executives of agribusiness giant Archer Daniels Midland and global competitors suggest a conspiracy to fix international prices on a popular food additive. The tapes were made possible by ADM executive Mark Whitacre, who was recently identified as a longtime FBI informant...