Word: antitrusters
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Dates: during 1960-1969
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...blame franchise operations for both the bland sameness of food and service and the repetitive look of the neon-and-chrome shacks and stands that dot the nation's roadsides. The U.S. Justice Department argues that the parceling out of exclusive sales territories by franchisers violates the Sherman Antitrust Act. But franchising won a key legal victory this spring, when the U.S. Supreme Court reversed a lower court's judgment against exclusive franchised territories. The case, which returns to a U.S. district court in Ohio later this year to be tried again on its merits, marks only...
...neglected to mention one other solution that could help prevent such affronts to the public interest as the newspaper strike: make labor unions subject to the provisions of the Sherman Antitrust Act by changing the Norris-La Guardia law, which now exempts labor unions from the provisions of the Sherman Act. It is going to take some doing, but this little piece of harness would protect the public, protect the worker, and lead to the greatest business boom in history...
...Senate Finance Committee, and is the logical shepherd for Administration fiscal programs opposed by Conservative Byrd. But Long, like Kerr, often conditions his support on what his own state gets in return, and his stands are even harder to categorize than Kerr's. On many issues -such as antitrust legislation-Russell seems proper heir to his father's red-clay radicalism. But. like Kerr, Long bitterly fights any attempt to alter the oil-depletion tax allowance, is opposed to tax crackdowns on business expense accounts...
Though the Justice Department glared at the 54.7% of the autotruck market captured by G.M. (it already has seven antitrust suits pending against G.M.) and the United Auto Workers chided the corporation for not lowering car prices, G.M.'s management took its history making in stride, devoted as professional managers to the dictum once voiced by another great manager, General Electric's Philip Reed: "Profits are a measure of effective, efficient operation and should be worn as a badge of accomplishment and of honor...
...Shomaker (pronounced shoemaker). Shomaker, 57, has been one ever since he went to work in a Brown factory at 14. A no-nonsense production expert who specializes in cost cutting, he replaces Clark R. Gamble, 69, who will continue as chairman. The stickiest problem Shomaker faces is an antitrust ruling requiring Brown to sell the G. R. Kinney Corp., a 360 shoe-store chain that Brown acquired in 1956. Brown wants three years to accomplish the unstitching, but the trustbusters are pushing for a six-month deadline...