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Archer Daniels Midland / Price Fixing #163024

ABC Evening News for Monday, Oct 14, 1996
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(Detroit: Peter Jennings) Report introduced.

(Washington: Barry Serafin) Announcement by Archer Daniels Midland, America's largest processor of agricultural commodities, that it will pay 100 million in fines for price fixing examined; details given of ADM's admitted conspiracy to set prices ontwo of its products, Lysine and citric acid. [Former ADM executive Mark WHITACRE - comments.] The key roles of ADM vice chairman Michael Andreas and his father, company chairman Dwayne Andreas, noted. [Brotherhood of Carpenters Ed DURKIN - raises the issue of whether Andreas should remain as chairman.]

Reporter(s):
Jennings, Peter;
Serafin, Barry
Duration:
00:02:30

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