Rats in the Grain: The Dirty Tricks and Trials of Archer Daniels Midland, the Supermarket to the World by James B. Lieber

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    Rats in the Grain: The Dirty Tricks and Trials of Archer Daniels Midland, the Supermarket to the World by James B. Lieber - Presentation Transcript

    1. Rats in the Grain: The Dirty Tricks and Trials of Archer Daniels Midland, the Supermarket to the World by James B. Lieber Well Done With An Important "Afterword" Archer Daniels Midland--popularly known as ADM, the Supermarket to the World--spends millions on ads during Sunday morning TV talk shows and on public radio to burnish its popular image. But behind the façade lies a vicious business eager to fix prices with its competitors and employ prostitutes in corporate espionage, according to James B. Liebers muckraking account, Rats in the Grain. Lieber tells the story of why the FBI raided ADMs Illinois headquarters in 1995, as well as the events leading up to the raid and the trial that resulted. ADM was not an easy target--its extremely well connected in Washington (an appendix listing politicians who have received financial contributions from ADM reads like a whos who of Beltway power brokers), and it was a leading recipient of federal largesse. In the end, ADM paid a criminal antitrust fine of $100 million, and
    2. two top executives were sent to prison for collaborating with competitors. But the case was messy. The FBIs informant, Mark Whitacre--once believed to be in line to succeed the company president--twice tried to commit suicide following the FBI raid, and was eventually sentenced to nine years for fraud, money laundering, and tax evasion. But Lieber tells the story of ADMs crisis well, and with a strong anti-ADM slant. Hes no master of prose style, but his writing is clear and to the point. His book simply crackles with detail--at times, its difficult to keep up with all the characters (theres another appendix identifying them for easy reference). Throughout the text, readers will feel as if theyre in the middle of a 60 Minutes exposé of dirty business practices--a sense augmented by several pages of photos taken from hidden surveillance cameras spying on backroom deals. After reading Rats in the Grain, it will be impossible to look at one of those feel-good ADM ads the same way again. --John J. Miller Personal Review: Rats in the Grain: The Dirty Tricks and Trials of Archer Daniels Midland, the Supermarket to the World by James B. Lieber Attorney Lieber deserves high praise for his objective, informative presentation of the antitrust criminal case vs. Archer Daniels Midland, the agribusiness giant, that ADM, its powerful lawyers and Clinton's Justice Department did not want published. To his credit, he continued to pursue this case after most reporters backed off and swallowed the dizzying spin and disinformation that ADM's CEO Dwayne Andreas and his aggressive lawyers gave the media, crying crocodile tears as the "victim" of an allegedly deranged ADM executive, Mark Whitacre, who became the FBI's mole, and made hundreds of tapes incriminating ADM executives fixing prices in world markets with their competitors. Lieber correctly smelled the stench of a cover-up and adroitly guides readers to make their own conclusions after compiling evidence, omissions from court records, and other factors that allow readers to infer that the judicial process was compromised by ADM's widespread political influence before the trial even began. Although Dwayne Andreas, the infamous political fixer and king of corporate welfare, got immunity in a highly secretive plea bargain to Justice in 1996, after ADM agreed to pay a record fine of $100 million, his son Michael was convicted and imprisoned with Terry Wilson for a mere 3 years, and Dwayne (thanks to outraged and courageous ADM shareholders) finally resigned. Tragically, Whitacre was convicted, fined and sentenced to a harsh term of 9 years
    3. because of ADM's swift retaliation against him as whistleblower, for exposing to the FBI the ... corporate culture of ADM...(anything goes-but don't get caught-and here's your big bonus (not reported on books)to keep silent, the unspoken words being that an employee would be fired and crucified if they blew the whistle. Lieber's chilling comment (p. 322)should concern every citizen or future whistleblower who believes in due process and our rule of law: "It was expected that ADM's attorneys would savage the snitch. What was highly bizarre in the world of criminal law was the way the Justice Department joined in the frenzy to destroy Whitacre. This was an aberration...the perpetrator was a politically wired corporation whose law firm- the president's law firm- had unbridled entree and influence at Justice. The mole's lawyer had none." Lieber makes a strong case that this American corporate history- "one of the most important antitrust cases of the century"- should be closely examined. Rightly so. Why was the court record sealed, why were key witnesses (e.g., Wayne Brasser) not deposed, who could have validated Whitacre's claims that the hidden bonuses were a quid pro quo for engaging in illegal price-fixing? The author's appendices are very helpful. ADM and Dwayne Andreas not only have lobbied for years to emasculate our antitrust laws (the "Magna Carta" of free enterprise) but know that the massive soft money donations to key politicians can grease not only the wheels of justice, but also ensure that ADM continues to get huge subsidies for ethanol and other favors from Agriculture Dept. (high fructose corn syrup,peanuts) that have cost taxpayers billions of dollars. Rats in the Grain is highly recommended, and was a difficult book to write because of the case's complexity. James Lieber should be considered for a Pulitzer Prize. For More 5 Star Customer Reviews and Lowest Price: Rats in the Grain: The Dirty Tricks and Trials of Archer Daniels Midland, the Supermarket to the World by James B. Lieber 5 Star Customer Reviews and Lowest Price!
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