Word: antitrusters
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Dates: during 1940-1949
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When the Department of Justice went after the Great Atlantic & Pacific Tea Co. with an antitrust suit two months ago (TIME, Sept. 26), it thought it had a popular target. The trustbusters thought that small grocers would be glad to see the A & P chopped down to size. Last week A & P happily produced evidence that the trustbusters might have guessed wrong. In full-page newspaper ads in 1,800 cities...
There was no formal evidence that baseball was making any fundamental change in the form of its contracts, which Danny had characterized as "slavery" and a violation of the antitrust laws. Commissioner Albert B. ("Happy") Chandler seemed satisfied that the shadow had lifted for the time being. "I'm so happy about it," said Chandler, "I'd go out and get drunk, if I were a drinking...
...Federal Reserve Board's antitrust hearings in San Francisco against Transamerica Corp. last week entered their second year. For the past year, FRB has been trying to do two things: i) prove that Transamerica is a monopoly, and 2) force it to sell its holdings in Bank...
Ever since the Department of Justice slapped Du Pont with an antitrust suit last June, the corporation has been quietly taking its case to the country. Its executives have made speech after speech at luncheons and dinners. Last week, as he rose to address 300 newsmen at Washington's National Press Club, Du Pont President Crawford H. Greenewalt got a chance to let the Justice Department have it at close range. Just seven places down the speaker's table sat Assistant Attorney General Herbert Bergson, boss of the Justice Department's antitrust division...
...Bergson smiled self-consciously, Greenewalt ripped into the department: "We have had on our books for many years the Sherman antitrust law. The Du Pont Company is ... heartily in favor of that law . . . Unfortunately . . . the ideology of enforcement is left to the shifting winds of political thought . . . Business frequently finds itself attacked for acts done many years ago in all good faith and with the best legal advice available...