Together, John Deere and Monsanto make up 86% of all equipment in the precision-planting sector, which would make the merger— John Deere’s plans to acquire Monsanto’s Precision Planting— a virtual monopoly. In other words, it would make arbitrary price hikes easy.
They claim the merger is necessary to “protect farmers.”
Yeah, greed may promote commerce, but it doesn’t protect anyone. …Oh, and “fudging” numbers too… Just wonderful.
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September 7, 2016
The Securities and Exchange Commission has paid out the second largest settlement in U.S. history to a former Monsanto executive who blew the whistle on the biotech giant’s shady business dealings involving Roundup, a widely used herbicide containing glyphosate which was labeled a probable human carcinogen by the World Health Organization last spring.
The whistleblower’s identity is being kept secret, according to reports, presumably to protect the individual from the potential backlash of powerful industry groups.
The former Monsanto executive, who exposed “accounting improprieties” involving Roundup, has been awarded more than $22 million, according to CNBC.
“The award of $22,437,800 was tied to an $80 million settlement between the SEC and Monsanto in February, according to the lawyer, Stuart Meissner in New York, in a statement.”
Federal government accuses Monsanto of fudging sales numbers for weed killer
The SEC has accused Monsanto
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