Here’s a story from NPR:
StarKist Co. has reportedly agreed to plead guilty to charges of price fixing as part of a conspiracy with two of its competitors to keep the price of canned tuna high.
Federal prosecutors announced the plea agreement on Thursday, which includes a fine of up to $100 million, according to The Associated Press. In the same deal, a former StarKist executive and two former Bumble Bee Foods executives pleaded guilty to price fixing.
…and another from the Washington Post:
StarKist Co. agreed to plead guilty to a felony price fixing charge as part of a broad collusion investigation of the canned tuna industry, the U.S. Department of Justice announced Thursday.
The DOJ said StarKist faces up to a $100 million fine when it is sentenced. Prosecutors allege that the industry’s top three companies conspired between 2010 and 2013 to keep prices artificially high.
I knew that since the media are so concerned about corporate and political corruption and the rich that they would then talk about House minority leader Pelosi and her husband in the article about the corruption, so I was just shocked that…the Pelosi name didn’t come up.
Because not too long ago, the news headlines were like this:
Paul Pelosi owns a $17 million investment in H. J. Heinz’s company, which in turn owns ~75% of Del Monte Corp’s stock. Del Monte is the parent company of StarKist. StarKist Tuna owns one of the two packing plants on American Samoa. Combined both plants employ over 60% of the population paying less than $3.75 a hour in wages.