Word: antitrust
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...follower and a kind of supersecretary rather than a leader. He has also been an adroit backstage operator. When the Kleindienst nomination ran into controversy over allegations that International Telephone & Telegraph Corp. had been given favorable treatment by the Justice Department in the out-of-court settlement of several antitrust cases, Gray worked with the FBI in exploring the matter. Ironically, he had the duty of advising Kleindienst on how to handle questions from the Senate Judiciary Committee?a task that Gray himself is now painfully performing...
...years, the case has come before the Supreme Court no fewer than eight times. Some 39 companies, Government agencies and private citizens have joined the case over the years. At one point, a bill was introduced in Congress to exempt the El Paso-Pacific Northwest merger from the antitrust laws, but it died in committee. El Paso paid close to $16 million to lawyers and public relations men during its losing fight...
...also have weakened another serious challenge. The Justice Department has its own antitrust suit pending against IBM, and Government lawyers have been relying on Control Data attorneys for help in understanding the labyrinthine complexities of the computer business. As part of the settlement. Control Data agreed to end that assistance...
Minneapolis. Control Data was technologically far ahead in the contest, but IBM's announcement dried up orders for Norris' 6600. In a rage, he filed the antitrust suit...
...executives have been close-mouthed about the settlement, but competitors see it as an admission that the men from Armonk are taking the threat of antitrust more seriously than they have admitted. Last week the company reported record net income of $1.3 billion on record revenues of $9.5 billion for 1972. Still, says Control Data's Norris: "We found that IBM marketing pressures that we had challenged lessened considerably" after the suit was filed. Until the Justice Department's antitrust challenge is resolved, IBM may well avoid any attempt to fold, spindle or mutilate the competition...