Word: antitrust
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...occasionally for firm picnics." But a number of complications have been caused by IBM tactics. The company chewed up time authenticating documents from its own files, and it unsuccessfully argued "privilege" to the U.S. Supreme Court to prevent U.S. use of documents obtained by another antitrust litigator. On the other hand, the Government once so mishandled IBM documents that a three-month trial postponement was necessary to unscramble them...
Given such groping, appeals, recesses, opinion-writing time and hearings on remedies, experts believe the IBM case will easily eclipse the 15-year antitrust-litigation record set in the El Paso Natural Gas divestiture case that ended in 1972. "At best, it'll be 1985 before a change in the IBM market structure is finally ordered," says one Washington attorney, "and by that time, the markets will have changed dramatically, maybe making the restructuring irrelevant." For that reason alone, many computer-industry experts forecast another face-saving consent decree, to be negotiated by the Government -a solution that would...
...seemed simple. The Justice Department decided that a rash of acquisitions by ITT, the big conglomerate, did violence to the antitrust laws. Justice decreed that the firm could keep the Hartford Fire Insurance Co. and some smaller firms if it would divest itself of Avis, the nation's No. 2 car-rental firm, within three years. Since then the effort to sell off Avis has become bogged down in byzantine legal maneuvering that, if nothing else, sharply underscores the difficulties of pursuing a vigorous antitrust policy...
Bell's answer: Big antitrust cases "involve the basic restructuring of American industry and the shape of the American economy. These are questions that are perhaps more appropriately answered by the legislature, and not by the courts...
...shaping antitrust policy, Bell has one problem of his own making: finding a new chief for the Justice Department's antitrust division to replace Donald I. Baker, who left last week. Baker, who demanded jail sentences for price fixers, loved the job but was let go mainly because he was a holdover from the Ford Administration...