Editorial: Sudden crisis at a Chicago corporate heavyweight rekindles bad memories of accounting scandals of yore

So shareholders didn't wait to hear details before selling in droves when ADM on Sunday reported that it placed CFO Vikram Luthar on administrative leave and was investigating accounting practices in one of its key business units.

This century is littered with the casualties of accounting scandals. Think Enron and WorldCom. Locally, Waste Management, a corporate heavyweight based in the Chicago area for decades, was sold for cheap in the late 1990s to a Texas-based rival after cooking its books.

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