Word: antitrust
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Lost Cause. G.E. had been leading a lost cause ever since 1952, when the federal McGuire Act legalized Fair Trade laws. In Fair Trade states, manufacturers, exempted by the McGuire Act from antitrust prosecution, were permitted to fix minimum prices for an entire state so long as they signed a contract with one dealer; all others were bound, whether they signed or not. Yet no sooner were the laws on the books than retailers started breaking them, cut prices far below company minimums. In five years G.E. alone spent almost $5,000,000 tracking down violators, brought suit against more...
...hurled forth antitrust suit after antitrust suit after antitrust suit that led to indictments, including a heavy blow at John D. Rockefeller Sr.'s mammoth Standard Oil Co. "Darkest Abyssinia never saw anything like the course of treatment we received," cried Standard Oil's John D. Archbold. The President maneuvered through Congressional bear trapes to get the U.S.'s first Pure Food bill. He got the U.S.'s first law providing for federal inspection of slaughterhouses. After a power play in Congress with the G.O.P. right wing, after ^a masterful display of coalition-juggling and issue...
Ever since 1930, when radio came of age, giant Radio Corporation of America (1957 sales: $1.18 billion) has been fencing with the Justice Department in a series of antitrust matches. RCA, leading the industry in research, has been nicked by several actions designed to break its dominance of the electronics field. Last week the Government thrust hard to end the contest once...
...Eisenhower Administration's biggest antitrust suit to date, a federal grand jury charged RCA with conspiring to restrain the manufacture, sale and distribution of radio, television, radar and other electronic apparatus, and of monopolizing radio patent licensing in the U.S. Said the Government: "By this criminal indictment, we seek to restore competition in this significant industry so that all competitors of RCA can compete with it at every level from the research laboratory to the sale of end products...
...Government filed a civil suit against RCA containing many of the same charges. RCA has been negotiating with the Government on the suit (which is still pending), was caught by surprise by the new charges. The trustbusters switched to the broader criminal indictment because RCA has "persisted" in "willful antitrust violations," want to teach it a lesson it will not forget...