Word: midlands
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Dates: during 1990-1999
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Will whole industries then be dominated by single overlords and smaller niches ruled by barons who brook no competition? Perhaps not. Arrogance will alienate. The alleged philosophy for the agribusiness giant Archer Daniels Midland, uttered on tape by the chairman's son, was supposedly, "The competitor is our friend, and the customer is our enemy." Such attitudes will not trickle down well...
...report on Mark Whitacre, who acted as a whistle blower in an investigation into price fixing at the Archer Daniels Midland Co. [BUSINESS, Aug. 28], suggested that there were people in Decatur, Illinois, who considered Whitacre a villain. You inaccurately cited my letter to the local newspaper as representative of that view. My letter merely observed that Whitacre had violated the unwritten protective code of executive conduct shared by large multinational corporations. I also expressed sympathy for Whitacre and his family for what I thought they were about to experience as a result of what I presumed...
...mystery remained last week even after Whitacre, 38, recovered in a 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...
...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...
WHISTLE-BLOWERS COME IN ALL different styles, but they don't tend to be the boss's choice to inherit the top job. Mark Whitacre, 38, was just such a favorite at giant Archer Daniels Midland, the company that calls itself "supermarket to the world" because its products range from flour to vegetable oil. So close was Whitacre to ADM chairman Dwayne Andreas that the older man regarded the younger as a "second son." And as if to emulate his mentor, Whitacre lived in a colonial-style mansion in Moweaqua, Illinois, that Andreas once owned...