Word: antitrust
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...meeting started with a light touch. Referring to the fact that Grunwald was responsible for Time Inc.'s several publications, Gorbachev listed them and teasingly asked, "Are you affected by antitrust laws, or have you simply forgotten all about them?" (Grunwald's answer: "We are not a monopoly. We do try for expansion, but we do not try for hegemony.") At one point, after a complicated question, Gorbachev said, "Do you think we're never going to meet again, so you are going to pile everything into one interview?" Cave's response: "Well, since we are going to meet again...
...been politically active," he says. "I guess I'm a liberal"), and his company's reputation. In 1978 federal officials ordered Hartz to rehire employees who had been fired during a union-organizing drive, and last year the firm pleaded guilty to perjury and obstruction of justice in an antitrust suit. But veteran Voicers take comfort from the Murdoch reign. Says Columnist Jack Newfield: "I thought Murdoch, on paper, was going to turn out to be a monster, but he gave us complete freedom." The new boss promises the same, at least for now. "I respect the niche...
...result of a federal antitrust action in 1982, the monopoly American Telephone & Telegraph Co. enjoys over long distance service is being replaced by a policy the Federal Communications Commission calls "Equal Access." Under this policy, all long distance firms (MCI and Sprint are among the better known) will have access to the same equipment and services from independent local telephone operating companies (like New England Telephone). The consumer, in turn, will be able to choose which firm will carry his call after he picks up the receiver and dials "I". The policy is gradually being implemented across the country, until...
...Washington, Justice Department officials foresaw no antitrust barriers, as long as both companies complied with FCC regulations regarding mergers. Some potentially problematic FCC rules might be relaxed by Reagan Administration appointees, who have already let several other large mergers go through unchallenged. Industry lawyers, for example, think that the commission might do away with a regulation that bans a network from owning cable-TV systems, a large part of Capital Cities' business. Joseph Fuchs, a Kidder Peabody vice president and one of Wall Street's top media analysts, thinks that the FCC now sees itself as "neither a sword...
...submarine-recovery vessel; Hughes' plans to run Nevada Governor Paul Laxalt for President; Robert Maheu's part in a half-baked CIA plot to poison Fidel Castro. But the book's chief merit is its direct access to the mind of a callous and frightened man. His fears about antitrust suits, Las Vegas competition and staff loyalty pale before his phobias. Dreading germs, he dictated a "Procedures Manual" for handling anything he was to touch: "Wash four distinct and separate times, using lots of lather each time from individual bars of soap . . . The door to the cabinet...