WHAT CAN WE LEARN FROM THE ADM GLOBAL PRICE CONSPIRACIES?

ADM was at the center of two large global price-fixing 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 shortchanged. ADM has undergone severe management restructuring, but the effectiveness of apprehending global cartels with national legal enforcement is questionable.


Issue Date:
Jul 31 1998
Publication Type:
Conference Paper/ Presentation
Language:
English
Total Pages:
33




 Record created 2017-07-19, last modified 2017-08-29

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