Word: antitrust
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...adventuresome Warren court not as a guiding rudder but as a valuable anchor to windward. Last year, in one of the most important Supreme Court minority opinions of the decade, Burton powerfully dissented from the ruling that Du Font's 23% stock ownership of General Motors violated antitrust laws (TIME, June 17, 1957). He authored last May's conservative-leaning opinion that a worker kept out of his place of employment by a union picket line may sue the union for damages in a state court (Warren and Douglas dissented...
...change, no one expects any change in G.M. policies. Corporation attitudes on products, marketing, labor and prices will likely remain as they were in Red Curtice's reign. Nor will G.M. settle, as some think, for a lesser share of the market to avoid antitrust suits. Said one executive last week: "We've never turned away any business yet, and I can't see where we ever will...
...President R. L. Gray finally took the step, raised the price on flat rolled products (35% of all steel production) $4.50 a ton. The rest of the industry, including Big Steel, joyfully followed, spreading the raises to virtually all steel production. Democratic Senator Estes Kefauver promptly called his Senate Antitrust and Monopoly subcommittee into session to investigate the rise...
...cartels controlled since the Meiji Era (1868-1912) by a handful of great Japanese families. To shatter the economic foundation of Japanese militarism, U.S. authorities split such prominent family combines-Mitsubishi, Mitsui and all the rest -into hundreds of small firms, and the Japanese government itself adopted Western-inspired antitrust laws. But zaibatsu, like many another Japanese tradition, proved tougher than reform. Last week the influence and power of the zaibatsu sprawled once more across the length and breadth of Japan, firmly in control of all its major industries except steel...
...hold 16%, bolstered Lever in its battle against giant Procter & Gamble, which has 55% of all U.S. detergent sales. But the trustbusters held that All should not have been sold to any of the soap industry's Big Three-Procter & Gamble, Colgate-Palmolive or Lever. Said Justice Department Antitrust Chief Victor Hansen: "We aim to protect competition, not the competitor; to support the process, no matter who gets hurt or who benefits...