Word: antitrusters
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Dates: during 1960-1969
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Court action was the last thing the leagues' lawyers wanted, for fear that a charge of deliberately eliminating their own competition might stick. "If it ever gets to court," said one attorney last week, "the merger will be dead-as soon as somebody whispers the word antitrust...
...cheer started with a chuckle. Last spring, St. Louis Brewer (Budweiser) August Busch Ir. happened to join the President's Club, bringing in family and friends to the tune of $10,000 in Democratic contributions. Several weeks later the Justice Department happened to drop a four-year-old antitrust suit against his Anheuser-Busch Corp. Then Busch, who also owns the Cardinals, happened to invite First-Ball Pitcher Hubert Humphrey to fly to the All-Star game in his company plane. In view of the airline strike, the Vice President hopped aboard - along with a little league of fans...
Well, Minority Leader Gerald Ford allowed at a press conference, "some very disturbing rumors were floating around Washington about the dismissal of certain antitrust actions and contributions to the President's Club." G.O.P. Congressmen Charles Goodell of New York and Thomas Curtis of Missouri were also intrigued by the turn of events. Strange, said Goodell on the House floor, that the Busch contributions to the President's Club had been made "suddenly and simultaneously, as manna from above." Added Curtis: "A very serious matter...
...whether businessmen might not get the impression that the President's Club was a vehicle for buying favor from the Administration. No more so, deadpanned Moyers, than the Rockefeller family's contributions to the G.O.P. were aimed at buying favor. Actually, explained the Justice Depart ment, the antitrust suit against Anheuser-Busch was a weak one and had been dropped "on the merits alone...
...Hughes made his worst mistake. Chivvying Tillinghast about his Boeing purchases-he argued that other planes should have been bought-Hughes threatened to sue the airline for ignoring his wishes. Instead, backed by Breech and his star-filled board, Tillinghast sued Hughes for $145 million treble damages on antitrust charges. While he had control, the suit charged, Hughes had forced the company to buy planes that did not fit its needs, notably 20 Super-Constellations. TWA wrote the Connies off its books as a $38 million loss after flying them only a year and a half. Hughes countersued, but when...