Their conceit is made clear with the film-opening caveat, which warns that, yes, while this may be a true story about Mark Whitacre — played here by Matt Damon, beneath 30 pounds of pudge and a toupee — some names have been changed and some events have been collapsed, "so there." And then, the irony hits fast and hard: the score by Marvin Hamlisch, offering a 1970s best-of; the flat, blindingly washed-out look shot in HD but borrowed from an episode of Dallas; the stunt casting of comics (Patton Oswalt, The Soup's Joel McHale, Paul F. Tomkins, the Smothers Brothers, Tony Hale, Rick Overton, Allan Havey) in dead-serious roles; title cards whose font went out of style with shag carpet and, um, Marvin Hamlisch. Soderbergh's sure got a lot of gimmicks — the man's working hard.
Unlike the director's usual organic efforts — in which great style never results in overstylized — The Informant! feels overamped from start to shrugging finish. (And this is from someone who defends Ocean's Twelve as a Marx Brothers film directed by Jean-Pierre Melville.) The filmmakers have painted a 1990s story with a 1970s palette, and the tone clashes with the setting, like plaid on paisley.
This is a shame, because buried somewhere inside the bag of tricks is a thrilling, heartbreaking, breathtaking, darkly comic tale about a deluded hustler and crackpot liar who decided to bring down one of the world's most powerful companies just to cover his greed, his ambition, and his own sorry ass. Whitacre was a whistleblower, absolutely, but also far from a hero.
In 1992, Whitacre was a golden boy at ADM with a big problem: His attempts to create an amino acid by feeding corn to microbes were failing, thanks to a virus in the vats. And so he blamed his troubles on corporate sabotage — from Japan, like in Michael Crichton's Rising Sun, he'd often say — and wound up with the FBI tapping his home phone. Which led to his confession to the FBI that ADM officials were conspiring with competitors on a price-fixing scheme. Which led to his wearing a wire for three years. Which led to ADM's discovery that he'd been embezzling millions. Which led to prison. For everyone.
The outline of that tale remains — in Soderbergh's version, Whitacre is still the rising star who goes supernova all by his lonesome. But there's no drama in his rise and fall, no tension, no nothing except the nonsensical narration that Whitacre provides with a rambling inner monologue that grows increasingly paranoid the more in trouble he becomes.
Truth is, Whitacre is fortunate to get off with the treatment he gets from the filmmakers and Damon's glib, flabby, pasted-on-smile caricature. Same goes for the ADM higher-ups, often reduced to bit parts here. The other characters, chief among them FBI Special Agents Brian Shepard (Scott Bakula, beneath a thickly lacquered helmet of hair) and Robert Herndon (McHale), also get short shrift; it'll take those who haven't read the book forever to figure who's who, or why it's worth the bother. Screenwriter Burns hasn't condensed the book so much as cut and pasted from Eichenwald's tome a few pages here and there; it's less a narrative than a highlight reel. (During a preview screening, audience members were overheard asking neighbors, "Now, who's that guy — an FBI agent or an Archer Daniels executive?")
Whitacre's tale certainly warrants an absurdist's touch, but Soderbergh and Burns get mired in the middle ground somewhere between Michael Mann's fist-shaking, heart-pounding The Insider (likewise a whistleblower's tune) and Steven Spielberg's jazzy, light-on-its-feet Catch Me If You Can (with a brief stopover to hang out with the Barbarians at the Gate). What they wound up with: The Untalented, Bespectacled, Pudgy, Toupee-Wearing, Prevaricating, Kinda Nutty Mr. Whitacre. Now, who's conning whom?