Word: antitrust
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Died. John Harlan Amen, 61, mild-mannered New York and U.S. attorney who used antitrust laws to fight rackets and won more than 250 convictions from 1928 to 1938, investigated corruption in Brooklyn and exposed scores of gangland-tied policemen, judges, lawyers, and three assistant district attorneys, also served as counsel during the Nuremberg trials, then was a Truman appointee to the Federal Loyalty Review Board; of a perforated ulcer; in Manhattan...
POWER used the money to acquire small independents that could not keep up to the growing demands of burgeoning suburbia, which the Bell System had to forgo for antitrust reasons. He also set out to fill what he considered General's two biggest needs: manufacturing and research facilities similar to Bell's. In 1955 he bought Theodore Gary & Co., a large Midwestern independent that owned Automatic Electric Co., a major supplier of telephone equipment. General Telephone thus became not only its own equipment supplier, but a supplier for 4,000 independents to which Bell did not sell...
Ever since the TVA complained last spring about identical bids for electric-power-generating equipment, the Justice Department has been investigating the pricing policies of the nation's major electric-equipment manufacturers. Last week, in a series of criminal antitrust indictments, a federal grand jury in Philadelphia charged that General Electric Co., Westinghouse Electric Corp., Allis-Chalmers Manufacturing Co., I-T-E Circuit Breaker Co. and Federal Pacific Electric Co. conspired to submit "noncompetitive, collusive and rigged bids" on private and government business valued at $209 million a year. The grand jury also indicted G.E., Westinghouse...
...much the millions of dollars' worth of damage done to the economy as it was the failure of the political parties and their leadership to face the basic causes of the steel impasse. Our antiquated labor laws, premised on the principle of monopoly, are in conflict with antitrust laws, premised on the principle of competition. They have permitted the existence of opposing power-centers, big-labor on one hand and big business on the other, with the danger of further extension of already excessive federal power to regulate both. In the present status of world affairs, this...
What businessmen can talk about best, they talk about least: the issues confronting their own businesses. Complains President George S. Dively of Harris-Intertype Corp.: "My lawyers tell me I must not say this or that-it might get us in trouble with Antitrust or the union, with the customers or the stockholders." Thus most speeches are prepared in committee, with lawyers, admen, public-relations men at hand to ax anything that could possibly offend anyone. Their rule of thumb: "If in doubt, be vague." The average speech is wrung through five to ten drafts, gets worse each time...