The Archer Daniels Midland corporation calls itself America’s Supermarket to the World, but did you know that the giant food producer was bagged a few years ago in the worst shoplifting case in history? From a high-level ADM mole who wore an FBI wire for two and a half years, we know now that company was involved in a massive price fixing scam with its Japanese competitors that netted the company millions of dollars in unjust profits.
The FBI tapes are damning: top executives brazenly discussed screwing their customers; plotted to skirt U.S. trade laws; and also peppered their conversations with lewd and bigoted references to colleagues and employees. The New York Times investigative reporter Kurt Eichenwald tells the ADM story as a whodunnit, a page-turner that reveals how the FBI mole himself ended up doing more time than the corrupt corporate leaders he helped nab.
(Hosted by Christopher Lydon)
Guests:
Kurt Eichenwald, Author of “The Informant”