Word: antitrusters
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Dates: during 1960-1969
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...ailing, retired after 19 years as the Institute's director, although he will stay on in the physics chair once occupied by Einstein. His successor is Harvard Economist Carl Kaysen, 46, an energetic generalist who has been a weapons consultant to the Pentagon, an antitrust scholar, a foreign affairs adviser to President Kennedy. A rare breed for the Institute, he is not a noted specialist in anything, but his Harvard colleague, J. Kenneth Galbraith, calls him "the most perfectly informed man I have ever known...
Last week the trustbusters triumphed again in three decisions that not only broadened the Government's powers but also raised some serious questions about the trend of antitrust enforce ment. The Supreme Court held that...
...Pabst Brewing Co.'s 1958 acquisition of rival Blatz violated antitrust law even though the two firms accounted for only 4.49% of national beer sales. Never before has the Supreme Court construed a share of a U.S. market quite that small as infringing antitrust statutes, and Justice Hugo Black's opinion surprised and disturbed even some top Justice Department officials. Said one: "That's getting down pretty...
...none rouses more anxiety among corporate officers than the U.S. Supreme Court. Case by case, the court has been making life tougher for companies that wish to merge. In the past eleven years, the high court has decided in favor of the Justice Department in 45 out of 50 antitrust cases; for seven years, it has not ruled once against the Government's other arm of antimerger enforcement, the Federal Trade Com mission. In that record, remarked Jus tice Potter Stewart recently, one consistency stands out: "The Government always wins...
...Green Bay Packers Fullback Jim Grabowski ($250,000). Players might claim that the league was limiting their right to choose the place and price of their employment. To head off such an action, league officials are lobbying for legislation that would exempt pro football from federal antitrust laws...