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Unformatted text preview: New York. IBP planned to ship hundreds of millions of pounds of beef to New York City every
year. Currier J. Holman agreed to pay the mob its five-cent commission, and the leaders of New York’s butcher union promptly withdrew
their objections to IBP’s boxed beef. Shipments of IBP meat were soon being unloaded in Manhattan.
After a lengthy investigation of mob involvement in the New York City meat business, Currier J. Holman and IBP were tried and convicted
in 1974 for bribing union leaders and meat wholesalers. Judge Burton Roberts fined IBP $7,000, but did not punish Holman with any prison
term or fine, noting that bribes were sometimes part of the cost of doing business in New York City. Holman’s links to organized crime,
however, extended far beyond the sort of payments that honest New York businessmen were often forced to make. He appointed one of Moe
Steinman’s friends to the board of IBP (a man who a decade earlier had been imprisoned for bribing meat inspectors and for selling tainted
meat to the U.S. Army) and made Steinman’s son-in-law a group vice president of IBP, head of the co...
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This note was uploaded on 02/25/2014 for the course MGMT 120 taught by Professor Litt during the Spring '08 term at UCLA.
- Spring '08