Word: antitrusters
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Dates: during 1960-1969
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...against over-zealous trustbusting, most U.S. businessmen agree that one reason why U.S. industry has outstripped Europe over most of the past half-century has been Europe's easy tolerance of cartels. Last week in Brussels, the Ministerial Council of the six-nation Common Market approved the toughest antitrust regulation Europe has ever seen. Binding on all Common Market members under the 1957 Treaty of Rome, the new regulation will also affect U.S. businessmen who sell their products in the Common Market, manufacture within it, or have patent or license deals with firms that...
Clearly, a lot of litigation lies ahead. The Common Market members are thin on legal precedent in the antitrust field: France, Germany, Belgium and The Netherlands have relatively lax national antitrust laws, while Italy and Luxembourg have none at all. This free-and-easy situation results partly from the reality that the economy of Italy, for example, can support only one automaking giant such as Fiat. The Common Market trustbusters are not expected to attack bigness as such. But they are expected to crack down on "abuses" of bigness such as price fixing and market sharing. Officials of VerLoren...
Early Warning. Many U.S. entrepreneurs in the Common Market will thus have to worry about possible antitrust prosecution from three different quarters-the U.S., the European nation in which they are operating and the Common Market. In some respects, they are apt to find the Common Market code the clearest and easiest to comply with. In contrast to the U.S., where the Justice Department cannot always predict whether the courts will find a proposed deal in violation of the antitrust laws, businessmen are promised a solid ruling in advance from the Common Market trustbusters. Equally important, the Common Market commission...
...most intricate and contentious antitrust struggle of modern times involves a great American dynastic fortune and more than 1,000,000 U.S. investors. When, last May, the U.S. Supreme Court ordered the Du Pont company to unload its 23% interest in General Motors, investors in both companies braced for a financial shellacking. It seemed certain that the disputed 63 million shares of G.M. would be distributed as "dividends" to Du Pont's 211,000 common stockholders, who then would have to pay full income taxes on them. Du Pont estimated that its stockholders, many of whom...
...Pont influence in G.M. Trustbusters are fighting to force Christiana to sell off any G.M. stock that it gets. That issue is expected to be decided this spring by Chicago's Federal District Judge Walter J. La Buy, 72, who has wrestled with the Du Pont antitrust case for more than a decade...