Word: antitrusters
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Dates: during 1940-1949
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Rather than have their British profits reduced, many cinemoguls would prefer to see Rank make more money in the U.S. Though he is competing with the U.S., the competition has sometimes seemed so friendly that the antitrust division of the Department of Justice has cocked a suspicious eye at monopoly-minded Mr. Rank. As he said: "In my heart I have a great desire to cooperate with our American friends." And one of the friends has said: "We aren't looking for a fight. We want something like a marriage...
...Buster. Assistant U.S. Attorney General John Francis Sonnett ended a Justice Department guessing-game last week by taking over as antitrust chief from Wendell Berge, retiring to enter a Washington law firm. His successful prosecution of the John Lewis contempt case made him the Justice Department's brightest star. Handsome, young (34) John Sonnett likes tough, tricky cases. He will have plenty-44 of the U.S.'s biggest corporations are defendants in pending antitrust suits...
...Encourage new press ventures, new techniques, maintain competition through the antitrust laws, but use those laws sparingly to break up big units; and see to it that "necessary" monopolies operate in the public interest...
...pipe will be made by U.S. Steel Corp. and Consolidated Steel, which it recently arranged to buy (TIME, Dec. 30). The purchase was held up at least temporarily last week by U.S. Attorney General Tom Clark, who ruled that it was in violation of antitrust laws. U.S. Steel will produce the steel-an estimated 300,000 tons-at its Geneva plant. Consolidated will fabricate it in Los Angeles, start delivering it by year...
Wild Senator William Langer, the committee chairman, was in a cigar-crunching mood. He wanted to know how many business monopolists Berge's Antitrusters had put in jail. "None," said Berge. "I'm wondering if there is any justification for having your department at all under the present management," said Senator Edward J. Thye. When Berge protested that it was not "the policy of the department to seek jail sentences," Langer exploded that "the [antitrust] law has been on the books 57 years come next July and they haven't enforced...