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What Can We Learn From The Adm Global Price Conspiracies?

  • John M. Connor

    ()

    (Department of Agricultural Economics, College of Agriculture, Purdue University)

ADM was at the center of two large global price-fixig conspiracies. Buyers were overcharged $116 to $378 million in the United States. Market structure and corporate management style facilitated these cartels. The criminal prosecutions and defendants' legal strategies were both laudatory, but civil plaintiffs were short-changed. ADM has undergone severe management restructuring, but the effectiveness of apprehending global cartels with national legal enforcement is questionable.

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File URL: http://ageconsearch.umn.edu/bitstream/28621/1/sp98-14.pdf
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Paper provided by Purdue University, College of Agriculture, Department of Agricultural Economics in its series Working Papers with number 98-14.

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Length: 49 pages
Date of creation: 1998
Date of revision:
Handle: RePEc:pae:wpaper:98-14
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Web page: http://www.agecon.purdue.edu/
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  1. John M. Connor, 1998. "ARCHER DANIELS MIDLAND:PRICE FIXER TO THE WORLD (Third Edition)," Working Papers 98-10, Purdue University, College of Agriculture, Department of Agricultural Economics.
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