The Baylor Lariat Vol

Total Page:16

File Type:pdf, Size:1020Kb

The Baylor Lariat Vol ROUNDING UP CAMPUS NEWS SINCE 1900 THE BAYLOR LARIAT VOL. 109 No. 10 WEDNESDAY, SEPTEMBER 16, 2009 © 2009, Baylor University Box Get ‘informed’ for Huckabee’s Waco visit: Matt Damon’s new kids check out photos, interviews at flick teases baylorlariat.com corporate PAGE 4 s PAGE 3 world top PAGE 4 Recent graduates find relief in payment plans ADEO L A ARO nette Kucera, associate director years regardless of whether in- given, but they may have to pay college,” Allotey said. compare it to alternatives, simu- STAFF WRITER of counseling in the office of come increases. taxes on the remaining amount. For example, a recent college late IBR results under different academic scholarships and fi- “This gives (students) more While, there isn’t a great deal graduate with an entry-level job income assumptions, access the The federal government is nancial aid. time to get on track,” Kucera of detail on the newly created starting at $31,000 who also has likely time to pay in full and providing ways to ease the bur- Under the Income Based said. plans, Kucera said it provides $31,000 in federal Stafford loans evaluate the total cost of each den of debt for recent graduates Repayment Plan, the required Students nows have the abil- benefit to those who find them- would pay $170 less per month option. with loans to pay off. monthly payment is capped at ity to prolong their individual selves unemployed. utilizing one of the new plans, Dr. Chuck North, associate The government has intro- an amount that is intended to be repayment schedule up to 25 Nathan Allotey, a recent Bay- compared to the payment due professor of economics, agrees duced two new plans for federal affordable based on income and years. lor graduate, said that although under the standard plan, ac- that while the program would student loan repayment that family size. “The downside is that the he is not currently enrolled in cording to information from a relax some debt constraints, it will give recent graduates relief Under the income contingent longer a student takes to pay, the program, he plans to as soon SallieMae press release. may have harmful effects for fu- when repaying loans. repayment, guidlines are simil- the more interest will accumu- as he finds employment. Students can calculate wheth- ture students. The new plans will consider lar to the IBR. late,” Kucera said. “I think the plan addresses er they qualify for this program Students with loans could income, family size and debt However, the biggest differ- Also, students that do not the fact that students may not on Web sites such as www.stu- potentially pay for a longer amount when determining ence is that payment amounts pay off their loans in the 25-year get the dream jobs they thought dentaid.ed.gov, which will also monthly payments, said Jea- will be increased every two period will have their loans for- they would when they entered give students the opportunity to please see LOANS, pg. 6 Carter: Wilson’s Pregnancy center public outburst brings Huckabee, ‘based on racism’ Tuesday’s rebuke was a BY Ass OCIATED PRE ss rare resolution of disapproval raises awareness pushed through by Democrats ATLANTA — Former Pres- who insisted that Wilson had BY LAURA REMSON to everyone involved with the ident Jimmy Carter said Tues- violated basic rules of deco- STAFF WRITER event. day that U.S. Rep. Joe Wilson’s rum and civility. Republicans “Care Net had invited me to outburst to President Barack characterized the measure as Care Net’s 25th Anniver- come and help them with their Obama during a speech to a witch hunt and Wilson, who sary Celebrate Life Banquet event tonight,” Huckabee said. Congress last week was an act had already apologized to was a success in the minds of “I do quite a few pro-life events “based on racism” and rooted Obama, insisted he owed the its coordinators and featured around the country because it’s in fears of a black president. House no apology. former Arkansas govenor and something near and dear to my “I think it’s based on rac- Wilson’s spokesman was presidential candidate Mike heart.” ism,” Carter said at a town not immediately available for Huckabee. He insisted that his partici- hall held at his presidential comment, but his eldest son The event was held Tuesday pation in this event was not po- center in Atlanta. “There is an defended his father. at the Ferrell Center. Also in at- litically minded. inherent feeling among many “There is not a racist bone tendance were numerous state “For me this isn’t a po- in this country that an African- in my dad’s body,” said Alan and local government figures, litical endeavor at all, and I’ve American should not be presi- Wilson, an Iraq veteran who is judges and Mayor Virginia Du- always said the pro-life issue dent.” running for state attorney gen- Puy. and the pro-life movement for The Georgia Democrat said eral. “He doesn’t even laugh “Well it is incredibly awe- me are not political. It’s some- the outburst was a part of a at distasteful jokes. I won’t some, over the top, a God-sized thing I deeply believe in, and I disturbing trend directed at comment on former President experience,” said Judy Pat- did long before I ever thought the president that has includ- Carter, because I don’t know terson, director of community about running for something,” ed demonstrators equating President Carter. But I know outreach for Care Net. Huckabee said. Obama to Nazi leaders. my dad, and it’s just not in “We had about 1500 (tickets Care Net CEO Deborah “Those kind of things are him.” JED DEAN | PHOTO EDITOR sold) before the day started and McGregor, DuPuy and Hucka- not just casual outcomes of a “It’s unfortunate people we’ve continued to have peo- bee spoke at the event, and Mike Huckabee spoke at the annual Care Net fundraising banquet, sincere debate on whether we make that jump. People can ple buy tickets. We’ve had them Keron Jackson provided music. which was celebrating its 25 Anniversary Tuesday at the Ferrell should have a national pro- disagree — and inappropriate- Center. buying them all day,” Patterson Also on the agenda were video gram on health care,” he said. ly disagree — on issues of sub- said. ”When our phones went testimonies from former Baylor tivities. Bears for Life and the Catholic “It’s deeper than that.” stance, but when they make off at noon to come here, people student and her mother. After The event, in addition to Student Association helped at Wilson, a South Carolina the jump to race it’s absolutely started calling the Baylor office finding herself pregnant last raising money, was also to raise the registration table and ush- Republican, was formally re- ludicrous. My brothers and I to get tickets.” year, she considered having an spirits for the pro-life cause. ered for the event. buked Tuesday in a House were raised by our parents to Many people were excited abortion before visiting Care “I think that one of the good Salem, Ore., freshman Sally vote for shouting “You lie!” respect everyone regardless of to see Huckabee speak. Net. After her experience there, pieces of news is that the Gal- Ann Moyer joined Bears for during Obama’s speech to background or race.” “It’s kind of exciting to have she decided against it. lup polls over the last few Life because it suited her per- Congress last Wednesday. South Carolina’s former a celebrity come to Baylor,” “There’s nothing closer to months have shown a dramatic sonal beliefs. The shout came after the Democratic Party chairman said Boston sophomore Trisha God’s heart than an innocent shift and more people now are “I’m very concerned about president commented that ille- said that he doesn’t believe Kelley, a Catholic Student As- heart, and there’s no hearth actually claiming to be pro-life, the issue of abortion and I gal aliens would be ineligible Wilson was motivated by rac- sociation member. more innocent than an unborn which is very encouraging,” for federal subsidies to buy ism, but said the outburst en- As keynote speaker, Hucka- baby’s heart,” McGregor said, Huckabee said. health insurance. Republicans couraged racist views. bee’s presence was important see PRO-LIFE , pg. in her portion of the night’s fes- Student volunteers from 6 expressed their disbelief with “I think Joe’s conduct was sounds of disapproval, punc- tuated by Wilson’s outburst. see WILSON, pg. 6 Campus gets Crowd-ed presence would be more than a his intelligence. He spent most Local musician talks lecture,” said Dr. Randall Brad- of the time, however, answering on ideals, inspiration ley, director of the Center for questions from the audience. behind Chrisitan music Christian Music Studies. “We “He presented with a style BY LENA WATERS are all impacted in one-on-one that was personable, not just RE P ORTER or small group kind of moments trying to teach us something, and we tend to remember those but to answer our questions and While some may think Waco and tend to ask the questions doesn’t have much to offer, it that are most important for us.” does have David Crowder, gui- While most of the event was “David is certainly tarist and lead singer for the Da- intended for church music stu- on the forefront of vid Crowder Band.
Recommended publications
  • Mark Whitacre, Ph.D
    FEATURE CLE: WHEN GOOD LEADERS LOSE THEIR WAY Sponsor: Dinsmore & Shohl, LLP CLE Credit: 1.0 Thursday, June 22, 2017 1:25 p.m. - 2:25 p.m. Exhibit Hall 2 Owensboro Convention Center Owensboro, Kentucky A NOTE CONCERNING THE PROGRAM MATERIALS The materials included in this Kentucky Bar Association Continuing Legal Education handbook are intended to provide current and accurate information about the subject matter covered. No representation or warranty is made concerning the application of the legal or other principles discussed by the instructors to any specific fact situation, nor is any prediction made concerning how any particular judge or jury will interpret or apply such principles. The proper interpretation or application of the principles discussed is a matter for the considered judgment of the individual legal practitioner. The faculty and staff of this Kentucky Bar Association CLE program disclaim liability therefore. Attorneys using these materials, or information otherwise conveyed during the program, in dealing with a specific legal matter have a duty to research original and current sources of authority. Printed by: Evolution Creative Solutions 7107 Shona Drive Cincinnati, Ohio 45237 Kentucky Bar Association TABLE OF CONTENTS The Presenter ........................................................................................................ i When Good Leaders Lose Their Way ................................................................... 1 Just Imagine for a Minute ..........................................................................
    [Show full text]
  • THE MARK WHITACRE STORY Finishing Well By: Mark Whitaker
    THE MARK WHITACRE STORY Finishing Well By: Mark Whitaker We all make mistakes. Day in, day out we are subject to our frail human tendencies, as the Apostle Paul wrote, “For I do not do the good I want to do, but the evil I do not want to do—this I keep on doing.” Even as fully committed Christians, we don’t always make the right choices, some of which can have far-reaching consequences. But through God’s amazing grace, we can seek forgiveness, repent and move on and He is faithful and just and will forgive us our sins and purify us from all unrighteousness. It’s the next steps that truly define us. As Jazz great Miles Davis said, "When you hit a wrong note, it's the next note that makes it good or bad." Few of us have made a mistake that has landed us in a Federal Penitentiary but that’s exactly where Mark Whitacre found himself. A rising young executive at a Fortune 500 company, Mark was on track to lead the company when poor judgment and high-level corruption brought his world crashing down around him. That could have been the end of his story, but that was just the beginning. 34 | 3rd Quarter Finishing Well: The Mark Whitacre Story TwoTenMagazine.com TwoTen Magazine | 35 was promoted to corporate vice president and corporate officer before he joined them but he quickly learned their elaborate and was positioned to take over as COO and president. techniques. They were stealing a billion dollars each year from The Driven Scholar their large food and beverage customers, and that increased cost Mark recalled, “My base salary and stock options combined was being passed on to consumers.
    [Show full text]
  • Working Paper
    Working Paper Breaking up is Hard to Do: Determinants of Cartel Duration Margaret C. Levenstein Stephen M. Ross School of Business University of Michigan Valerie Y. Suslow Stephen M. Ross School of Business University of Michigan Ross School of Business Working Paper Working Paper No. 1150 September 2010 This work cannot be used without the author's permission. This paper can be downloaded without charge from the Social Sciences Research Network Electronic Paper Collection: http://ssrn.com/abstract=1676968 UNIVERSITY OF MICHIGAN Breaking Up Is Hard to Do: Determinants of Cartel Duration Margaret C. Levenstein Valerie Y. Suslow* September 2010 Forthcoming, Journal of Law and Economics * Margaret Levenstein is Executive Director of the Michigan Census Research Data Center; Research Scientist, Institute for Social Research; and Adjunct Professor, Stephen M. Ross School of Business, University of Michigan ([email protected]). Valerie Suslow is Professor of Business Economics and Public Policy, Stephen M. Ross School of Business, University of Michigan ([email protected]). We thank Charlie Brown, John Connor, Joseph Harrington, Francine Lafontaine, Kirtikumar Mehta, Maarten Pieter Schinkel, and Wesley Wilson for helpful comments. We also thank seminar participants at the International Industrial Organization Conference, Ross School of Business, University of East Anglia, and Barnard College. Excellent research assistance was provided by S. Aneeqa Aqeel, Sara LaLumia, and Nathan Wilson. ABSTRACT We estimate the impact of cartel organizational features, as well as macroeconomic fluctuations and industry structure, on cartel duration using a dataset of contemporary international cartels. We estimate a proportional hazards model with competing risks, distinguishing factors which increase the risk of “death by antitrust” from those that affect “natural death,” including defection, dissension or entry.
    [Show full text]
  • Behind the Inside Man: Mark Whitacre, Talks About 'The Informant,' His T
    Behind the inside man: Mark Whitacre, talks about 'The Informant,' his t... http://herald-review.com/news/local/article_3526d361-9cea-509a-994a-... Funeral home check forgery Bigfoot Bounty JCPenney closing Man found dead at work Super Bowl commercials qui Home / News Associated Press Former Archer Daniels Midland executive Mark E. Whitacre takes off his coat on his way to federal court in Chicago Dec. 19, 1996. Whitacre, who secretly recorded conversations that snared the company in a global price-fixing case, pleaded guilty Friday, Oct. 10, 1997, to swindling ADM out of $9 million. April 06, 2008 12:00 am • TIM CAIN - H&R Entertainment Editor (0) Comments On the eve of his 1997 trial for wire fraud and embezzlement while he was employed earlier in the decade at Archer Daniels Midland Co., Mark Whitacre's lawyer was satisfied with the progress he had made. As Whitacre recalls, the lawyer had a meeting with decision-makers in the Justice Department and thought he'd negotiated a deal. Whitacre would be sentenced to three years in prison but have the sentence reduced because of "mitigating circumstances." His work as an informant for the FBI in building a price-fixing conspiracy case against ADM, the lawyer argued to the Justice Department, should be considered when deciding Whitacre's fate. "He felt comfortable with that," Whitacre said, "and said, 'I think I can get you six months in prison.' "I fired him the next day. I wouldn't accept that. How could I get a felony conviction after everything I'd done for the government?" Whitacre was released from prison in December 2006 after serving eight years and eight months.
    [Show full text]
  • RATS in the GRAIN: the Dirty Tricks and Trials of Archer Daniels Midland the Supermarket to the World by James B
    CALAMITY HOWLER/A.V. Krebs Must reading RATS IN THE GRAIN: The Dirty Tricks and Trials of Archer Daniels Midland The Supermarket to the World by James B. Lieber [Four Walls Eight Windows Press, New York, New York] Dubbed the "best documented corporate crime in American history" one realizes in reading James B. Lieber's riveting and authoritative account of the recent criminality and trials of Archer Daniels Midland and its executives that had it not been for that "documentation" the "Supermarkup to the World" and its world-wide price fixing machinations in lysine, citric acid and high fructose corn syrup ("HFCS") would have gone unpunished. As a lay person reading this lawyer/journalist's account of not only the crimes for which ADM as a corporation was charged and fined, but the trial, conviction and sentencing of its executives, Mick Andreas, Terrance Wilson and Mark Whitacre, one cannot help but feel had it been left to the US Department of Justice's witness testimony in the courtroom justice would not only have not been done, but not even seen to be done. As one juror remarked after the convicting of Wilson, "the situation was so clear. The tapes were so incriminating," and the jury consensus of Andreas' guilt was based on videos of price fixing meetings he held with ADM's "competitors" for as Lieber notes "without those tapes, he probably would have been freed." As readers of The Progressive Populist know, Mark Whitacre, while president of the company's Bioproducts Division, made some 239 surveillance tapes in his three years as an FBI mole (1992-95) while the FBI itself made a number of videotapes of meetings of ADM executives and their international corporate price fixer counterparts.
    [Show full text]
  • Dr. Mark Whitacre Chief Operation Officer/Chief Science Officer Cypress Systems
    Dr. Mark Whitacre Chief Operation Officer/Chief Science Officer Cypress Systems Topic: When Good Leaders Lose Their Way! Thursday, March 9, 2017 Philip J. Cohen Theatre , 2:30 – 3:45 pm Mark Whitacre is an Ivy League Ph.D. and is considered the company on the Fortune 500 at the time, when he was 32 highest-ranked executive of any Fortune 500 company to years of age. As the president of the BioProducts Division become a whistleblower in U.S. history. In the early 1990s, from its launch, he was the youngest divisional president in Whitacre was responsible for uncovering the Archer Daniels the history of the company. In just six years, his division’s Midland (ADM) price-fixing scandal. Since 2006, Whitacre fermentation complex became one of the largest in the has been an executive with Cypress Systems, Inc, a world. At age 35, he became a corporate vice president of California biotech company involved with human clinical ADM and was the leading candidate to become the next trials (cancer research), and he was promoted in 2009 to the company president. position of COO and Chief Science Officer of the company. Whitacre has extensive international business experience, His undercover work with the FBI during the ADM scandal having lived for almost four years in West Germany working was the inspiration for the 2009 major motion picture, "The for an international company. He has also been involved Informant," starring Matt Damon as Mark Whitacre, and with two international companies in the Southeast Asia the 2010 Discovery Channel documentary “Undercover” market and traveled the region dozens of times.
    [Show full text]
  • Whistling in the Dark? Corporate Fraud, Whistleblowers, and the Implications of the Sarbanes-Oxley Act for Employment Law
    Saint Louis University School of Law Scholarship Commons All Faculty Scholarship 2004 Whistling in the Dark? Corporate Fraud, Whistleblowers, and the Implications of the Sarbanes-Oxley Act for Employment Law Miriam A. Cherry Follow this and additional works at: https://scholarship.law.slu.edu/faculty Part of the Labor and Employment Law Commons CHERRY ZEN Copyright © 2004 by Washington Law Review Association WHISTLING IN THE DARK? CORPORATE FRAUD, WHISTLEBLOWERS, AND THE IMPLICATIONS OF THE SARBANES–OXLEY ACT FOR EMPLOYMENT LAW Miriam A. Cherry∗ Abstract: Passed in 2002 in the wake of the accounting scandals that resulted in billions of dollars of lost value to shareholders, the Sarbanes–Oxley Act has as its major goal the prevention of corporate corruption. This Article analyzes the impact of section 806, the portion of the Sarbanes–Oxley Act that provides protections for employees who report securities fraud, and describes the effect that Sarbanes–Oxley has on existing employment law. In addition, this Article contributes to the debate over the general effectiveness of the Sarbanes–Oxley Act, a topic of contention among both academics and press commentators. This Article argues that the Act does not go far enough to protect whistleblowers because employers do not need to specify procedures for acting upon tips that allege financial fraud. Also, employers most likely can send whistleblowing claims to arbitration, a forum that weakens the remedies available to employees. Finally, this Article provides a comprehensive survey of state whistleblowing laws and suggests changes to federal and state law to fill the gaps that remain after Sarbanes–Oxley. “Had it ever been a real company? Or had Enron been, from the very beginning, just a brilliant illusion?”1 I.
    [Show full text]
  • Aurora Advisors, Inc
    2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 The Daily Deal, September 25, 2000 Judgment Call Antitrust Law Tale of the Tapes by Susan Webber Kurt Eichenwald provides a masterful account of the ADM price-fixing scandal — with the help of a government informant One of journalism's oldest sayings is, "A reporter is only a good as his sources." In choosing the Archer-Daniels-Midland price-fixing case as his subject, New York Times reporter Kurt Eichenwald relies heavily on the best possible source: tapes. "The Informant," Eichenwald's recounting of ADM saga, is of the "Barbarians at the Gate" school of writing, telling a high-level, high-stakes corporate drama through reconstructed conversations and incidents. Works like this are legitimately criticized for relying unduly on individual recollections, which may be incomplete or biased. And the narrative style forces the author to choose one version of the facts, when the facts may be in dispute. What sets "The Informant" apart from others in this genre is that the key actor, Mark Whitacre, president of ADM's lysine division, taped numerous conversations and meetings at the FBI's behest. Thus Eichenwald uses his voyeur's-eye view to recount key scenes, often in gritty detail, or to distill them while staying faithful to the essence of the discussion. Without giving too much away, for the plot twists and turns are one of the book's strengths, the FBI begins investigating a case of possible industrial espionage and extortion directed against ADM. They interview Whitacre, recipient of the threats, and he tells them of his concern that their examination will uncover his role in price fixing.
    [Show full text]
  • The Informant!
    THE INFORMANT! Screenplay by Scott Z. Burns Based on the book by Kurt Eichenwald AS PRODUCED GREEN CORN STALKS STROBE PAST We hear a happy and informative man’s voice. We will come to know this voice as MARK WHITACRE’S. WHITACRE (V.O.) You know the orange juice you have every morning? You know what’s in that? REST ON AN EAR OF CORN IN THE CENTER OF FRAME Golden kernels peaking out from behind the husks. WHITACRE (V.O.) Corn. EXTERIOR CORN FIELD - DAY We are in the middle of an endless cornfield in SOUTHERN ILLINOIS. WHITACRE (V.O.) And you know what’s in the maple syrup you put on your pancakes? You know what makes it taste so good? Huge industrial machines work the ruler straight rows of crops. WHITACRE (V.O.) Corn. A red PORSCHE 911 speeds past the corn, down US HIGHWAY 36. WHITACRE (V.O.) And when you’re good and help with the trash, know what makes the big, green bags biodegradable? INTERIOR PORSCHE 911 - CONTINUOUS WHITACRE, 33, drives his young son ALEXANDER, 6, to school. God doesn’t make creatures any happier than Whitacre. Alexander sips his half-pint carton of ORANGE JUICE. WHITACRE Do you? Alexander hazards a guess. ALEXANDER Uh-huh. Corn. AS PRODUCED 2. WHITACRE Corn starch. But, Daddy’s company didn’t come up with that one-- DuPont did. Whitacre thoughts continue in his head. WHITACRE (V.O.) Porsche or Porsh-a. I’ve heard it both ways. Three years in Germany, I should know that. What’s the German word for corn? The word in German I really like is “kugelschreiber.” That’s “pen.” All those syllables just for “pen.” EXTERIOR ADM HEADQUARTERS - CONTINUOUS The Porsche pulls up to the security gate at ARCHER DANIELS MIDLAND headquarters in Decatur.
    [Show full text]
  • Suicide, Lies and Videotape: the Real 'Informant!' - CNN.Com
    Suicide, lies and videotape: The real 'Informant!' - CNN.com http://www.cnn.com/2009/BUSINESS/10/01/whitacre.informant/ /world business HOME WORLD U.S. POLITICS CRIME ENTERTAINMENT HEALTH TECH TRAVEL LIVING MONEY SPORTS TIME.COM VIDEO IREPORT IMPACT Hot Topics » H1N1 • 'Balloon Boy' • Latino in America • Commentary • more topics » Weather Forecast International Edition STORY HIGHLIGHTS Suicide, lies and videotape: The The ADM price-fixing case was a landmark in global antitrust prosecution Global price-fixing investigations have skyrocketed since the ADM scam real 'Informant!' These investigations depend on whistle-blowers who often have dark motives Next Article in World Business » READ VIDEO By Kevin Voigt CNN (CNN) - Watching the premiere of "The Informant!" - the Matt Damon movie about a high-level FBI mole at a large multinational company - was the mole himself, Mark Whitacre. The movie is a dark comic take on the three years Whitacre - a former divisional president of Archer Daniels Midland, the US-based food additive giant -- spent working undercover to break a global price- fixing conspiracy. Whitacre recognized real episodes in his life on the big screen, such as trying to fix a hidden tape player during a meeting and his delusional belief he would be made CEO of the company as a reward for his undercover work. But what you won't see in the movie are the events of August 9, 1995, six weeks after an FBI raid blew the case into public attention. It was two days after Mark Whitacre, right, at the premiere of 'The Informant' with ADM fired Whitacre and accused him of Matt Damon.
    [Show full text]
  • Centre for Law, Economics and Society Research Paper Series: 1/2015
    Centre for Law, Economics and Society Research Paper Series: 1/2015 Image “City of London - Topaz Adjust Exposure Correction” by Jack Torcello, used underused under CC BY Cropped and resized from original The Effectiveness of Antitrust Enforcement Instruments: A Matter of Agency Relation Florence Thépot Centre for Law, Economics and Society CLES Faculty of Laws, UCL Director: Professor Ioannis Lianos CLES Research Paper Series 1/2015 The Effectiveness of Antitrust Enforcement Instruments: A Matter of Agency Relation Florence Thépot January 2015 Centre for Law, Economics and Society (CLES) Faculty of Laws, UCL London, WC1H 0EG The CLES Research Paper Series can be found at www.ucl.ac.uk/cles/research-paper-series All rights reserved. No part of this paper may be reproduced in any form without permission of the authors. ISBN 978-1-910801-06-2 © Florence Thépot 2015 Centre for Law, Economics and Society Faculty of Laws, UCL London, WC1H 0EG United Kingdom The Effectiveness of Antitrust Enforcement Instruments: a Matter of Agency Relation Florence Thépot Abstract This paper explores how antitrust enforcement instruments modify the incentives and relations within companies, in the context of cartels. Among all relations, agency relations between shareholders and managers are the focus of this study. In the absence of individual liability, sanctions target the undertaking - or the principal of the agency relation; but not the responsible individuals - or the agent, who may engage the company in a cartel. Undertakings that face asymmetries of information and discrepancies of interests between actors may not have the ability and incentive to transfer a sanction to the responsible individuals.
    [Show full text]
  • US V. Terrance S. Wilson
    _________________________________________________________________ _________________________________________________________________ IN THE UNITED STATES COURT OF APPEALS FOR THE SEVENTH CIRCUIT _____________________ No. 99-3097 UNITED STATES OF AMERICA, Plaintiff-Appellee, v. MICHAEL D. ANDREAS, Defendant-Appellant, ____________________ No. 99-3098 UNITED STATES OF AMERICA, Plaintiff-Appellee, v. TERRANCE S. WILSON, Defendant-Appellant, ____________________ No. 99-3078 UNITED STATES OF AMERICA, Plaintiff-Cross-Appellant, v. MICHAEL D. ANDREAS and TERRANCE S. WILSON, Defendants-Cross-Appellees. _____________________ ON APPEAL FROM THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF ILLINOIS (Hon. BLANCHE M. MANNING) __________________________ BRIEF FOR APPELLEE AND CROSS-APPELLANT UNITED STATES OF AMERICA ________________________ SCOTT R. LASSAR JOEL I. KLEIN United States Attorney Assistant Attorney General A. DOUGLAS MELAMED Deputy Assistant Attorney General JOHN J. POWERS, III MARION L. JETTON ROBERT J. WIGGERS ANDREA LIMMER Attorneys Department of Justice Room 10542 601 D Street, N.W. Washington, D.C. 20530 202-514-3680 Of Counsel: PHILIP GUENTERT JAMES M. GRIFFIN Assistant United States Attorney MARVIN N. PRICE, Jr. ROBIN R. MANN 219 S. Dearborn Street JAMES H. MUTCHNIK Fourth Floor KEVIN C. CULUM Chicago, Illinois 60604 Attorneys Department of Justice 209 S. LaSalle Street Chicago, Illinois 60604 _______________________________________________________________ _________________________________________________________________
    [Show full text]