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Unformatted text preview: or citric acid (a
common food additive). At a meeting with Japanese executives that was secretly recorded, the president of Archer Daniels Midland preached
the virtues of collaboration. “We have a saying at this company,” he said. “Our competitors are our friends, and our customers are our
enemies.” Archer Daniels Midland remains the world’s largest producer of lysine, as well as the world’s largest processor of soybeans and
corn. It is also one of the largest shareholders of IBP.
A 1996 USDA investigation of concentration in the beef industry found that many ranchers were afraid to testify against the large
meatpacking companies, fearing retaliation and “economic ruin.” That year Mike Callicrate, a cattleman from St. Francis, Kansas, decided to
speak out against corporate behavior he thought was not just improper but criminal. “I was driving down the road one day,” Callicrate told
me, “and I kept thinking, when is someone going to do something about this? And I suddenly realized that maybe nobody’s going to do it,
and I had to give it a try.” He claims that after his testimony before the USDA commi...
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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