Today, we present you 10 famous corporate whistleblowers in publicly-traded companies.
It takes a lot of guts for an individual to stand up against huge corporate entities for the overall well-being of the society. As a result, Whistleblower Protection Act was made into a federal law in USA in 1989 to safeguard the interest of whistleblowers who report any misconduct to the government. These whistleblowers inform agencies about the wrong doings in companies that can prevent not only loss of money but in some cases it can also save precious lives. Below we have compiled a list of 10 famous corporate whistleblowers involving huge corporations.
10. Mark Whitacre and Archer Daniels Midland Company (NYSE:ADM) (1992)
The president of the BioProducts Division at Archer Daniels Midland, Mark Whitacre also worked as a secret informant for the FBI to uncover the lysine price-fixing in the corporation. As a result, the American food processing company paid $400 million in 2005 to settle a class action antitrust suit. Mark Whitacre was the highest level corporate executive to become an FBI whistleblower in USA history.