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Business Wars Daily

Sorry Again, Charlie: Starkist Penalized $100 Million for Price Fixing

Business Wars Daily

Wondery

News, Daily News, Business News, Business

4.6716 Ratings

🗓️ 24 September 2019

⏱️ 5 minutes

🧾️ Download transcript

Summary

Today is Tuesday, September 24, and we’re looking at Starkist vs. Chicken of the Sea.

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Transcript

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0:00.0

Wonderly Plus subscribers can listen to Business Wars daily ad-free right now.

0:04.8

Join Wonderly Plus in the Wondery app or on Apple Podcasts.

0:08.5

If you or someone you care about has cancer,

0:11.5

Macmillan Cancer Support's online community is here to help from day one.

0:16.1

Macmillan's free online forum provides a safe space to get support from both experts and others who've been

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there. Members support each other anonymously, sharing what's helped them on a range of subjects,

0:27.5

from dealing with side effects such as hair loss and fatigue, to money worries and managing work,

0:32.9

or talking with children about a diagnosis. There are different forums on cancer types or experiences,

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opportunities to ask an expert, and blog posts.

0:42.0

Find support 24-7 from people who get what it's like to have cancer.

0:46.7

To join, search McMillan online community.

0:49.3

One, three. Wondry.

1:08.7

I'm David Brown, and this is Business Wars Daily on this Tuesday, September 24th.

1:10.0

Remember this?

1:11.2

Sorry, Charlie. Yep, that's Charlie, the famousth. Remember this? Sorry, Charlie.

1:18.0

Yep, that's Charlie, the famous Star Kiss Tuna, who was wrong about, well, everything he ever said.

1:24.1

We shared his famous phrase with you late last October after Star Kist pled guilty to federal felony charges of price fixing, along with competitors bumblebee and chicken of the

1:29.0

sea. The company had colluded to falsely keep prices high for two years between 2011 and 2013.

1:36.1

That was a real problem for retailers and consumers since the three companies supply four-fifths

1:41.3

of all the canned tuna eaten in the U.S.? The case has been under investigation for years.

1:46.6

Last week, a federal judge finally handed Starkist a $100 million fine for its actions.

1:52.9

$100 million.

...

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