Access the full text.
Sign up today, get DeepDyve free for 14 days.
J. M. Connor (1998)
Archer Daniels Midland: Price-Fixer to the World
J. Connor (1998)
ARCHER DANIELS MIDLAND:PRICE FIXER TO THE WORLD (Third Edition)
2 PREFACE spiracies were well documented and among “...the most spectacular prosecution successes [of the DOJ] in memory” (Mendel and Dyhrkopp, 1998, p. B5). The federal government’s prosecutors followed a string of precedent-setting fines by obtaining a guilty verdict in a criminal price-fixing trial in Chicago in September 1998 against three former high-level executives of Archer Daniels Midland Co. (Eichenwald, 1998). International cartels are pandemic. In February 1997, the Antitrust Division of the DOJ reported that more than 20 grand juries were investigating global cartels; by September 1998, the number of such grand juries had risen to 30 (Mendel and Dyhrkopp, 1998). In 1998, the FBI doubled the number of person-hours spent investigating international price-fixing allegations in the previous year (Spratling, 1998). For the two federal fiscal years 1997 and 1998, more than 90 percent of the criminal fines collected by the Antitrust Division have been levied against inter- national cartels; the latter totaled more than $400 million. Whereas prosecutions against cartels containing foreign companies constituted less than one percent of all Division actions ten years ago, in the last two years about two-thirds of such prosecutions have involved foreign companies. Companies involved in the lysine and citric-acid cartels
Review of Industrial Organization – Springer Journals
Published: Oct 3, 2004
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.