It Isn't Dwayne's World Anymore

Andreas' clout at ADM is fading, his dynastic dream is dead

It was a stunning moment when Dwayne O. Andreas, chairman of Archer Daniels Midland Co., stood before the annual meeting on Oct. 17 and apologized to shareholders for the scandal that has embroiled the company. Only two days earlier, ADM had pleaded guilty to two criminal counts of price-fixing, agreeing to pay a $100 million fine and to help the government build a case against two executives, one of them Andreas' only son and heir apparent, Michael D. "Mick" Andreas.

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