Corporate Scum
Now here's a story to warm the cockles of your heart. Or not.
A former California food company owner pleaded guilty Thursday to racketeering in a national tomato price-fixing plot.
Frederick Scott Salyer, 56, was charged with bribing purchasing managers to buy tomato products from his company, Monterey-based SK Foods. Prosecutors say he fixed prices and rigged bids for the sale of tomato products to McCain Foods USA Inc., ConAgra Foods Inc. and Kraft Foods Inc. ...
Slayer was accused of being at the center of price-fixing ring that helped SK Foods capture 14 percent of the processed tomato market and rise to the second largest tomato processor in the state before investigators raided the company in 2008.
A bribe here, a bribe there, and suddenly the price of canned tomatoes and tomato sauce and paste went up. And up.
It's hard to blame Obama for this one.
A former California food company owner pleaded guilty Thursday to racketeering in a national tomato price-fixing plot.
Frederick Scott Salyer, 56, was charged with bribing purchasing managers to buy tomato products from his company, Monterey-based SK Foods. Prosecutors say he fixed prices and rigged bids for the sale of tomato products to McCain Foods USA Inc., ConAgra Foods Inc. and Kraft Foods Inc. ...
Slayer was accused of being at the center of price-fixing ring that helped SK Foods capture 14 percent of the processed tomato market and rise to the second largest tomato processor in the state before investigators raided the company in 2008.
A bribe here, a bribe there, and suddenly the price of canned tomatoes and tomato sauce and paste went up. And up.
It's hard to blame Obama for this one.
Labels: Corporatocracy, Corruption
posted by Diane at 3:00 AM
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