Word: anti-trust
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...remedy Oglesby proposed is "decentralization and the creation of human communities," which he later clarified as a stricter enforcement of anti-trust legislation. As things stand, "our humanity is being pounded out of us by the consolidated power of a nationalist corporate welfare capitalism. Get the Government out of people's private lives...
...plug the leak would be for the Administration to take some steam out of the domestic economy-but such a course would bring results slowly. Some businessmen insist that the Government needlessly hampers the efforts of U.S. firms to sell abroad by mindless application of domestic anti-trust laws, by tax penalties, and by weak commercial staffs in embassies. Washington Democrat Warren Magnuson, chairman of the Senate Commerce Committee, last week argued for legislation creating new export tax incentives, which are often of little help...
...most important U.S. executive ever indicted under the Sherman Anti-trust Act appeared last week for sentencing in Manhattan's U.S. District Court. Facing a possible one-year jail term and a $50,000 fine was Jones & Laughlin President William J. Stephens, 58, who had pleaded no contest to Government charges that from 1955 to 1961, while he was a sales executive of Bethlehem Steel, he had met with other industry men in Manhattan hotel rooms to rig some prices on carbon sheets, the commonest grade of steel. Also facing the same sentence was a lesser executive, James...
...distribute the final one-third of Du Pont's 63 million shares of General Motors stock among its own shareholders early next year. The directors thus complied with a 1957 U.S. Supreme Court ruling that held that Du Font's ownership of G.M. stock violated the anti-trust laws. Getting rid of the shares under a court order, Du Pont has already given its stockholders .86 share of G.M. for every share of Du Pont held, is due to divest itself by February of all its G.M. stock, most of which it bought as an investment between...
While a few cynics contend that the Yankees are holding back to avoid anti-trust prosecution and to improve attendance, the events of the first fifth of the season indicate that there may be more truth than usual in the old cliches...