Word: antitrusters
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...consultant in the fall of 1994. Starr issued a subpoena last month to Time Warner, asking for the records of Hubbell's employment. The company hired Hubbell after one of its outside lobbyists, longtime Democratic consultant Michael Berman, approached Hubbell about doing some legal work in the antitrust area. According to Berman, Hubbell was game, and so Berman then mentioned the idea to Tim Boggs, Time Warner's Washington representative. Not long afterward, Hubbell himself called Boggs and offered his legal services directly. Peter Haje, Time Warner's executive vice president and general counsel, approved Hubbell's contract...
During the following month, Hubbell consulted with Time Warner's lawyers on a single antitrust issue involving the company's cable operations. He attended two meetings in New York but did not contact anyone in the government on the company's behalf, according to a Time Warner executive. Hubbell earned $5,000 for a month's work and ended the relationship when he learned in late November that he was the target of a criminal investigation. In early December 1994 he pleaded guilty to mail fraud and tax evasion...
...traditional, large-scale drugstore companies try to combat fierce price and product competition from supermarket and mail-order pharmacies. Revco, which has more stores but smaller revenues than CVS, had planned a similar deal last spring with competitor Rite Aid, but the Federal Trade Commission blocked the acquisition over antitrust concerns. The FTC has not yet approved the CVS-Revco deal, but antitrust worries have already arisen over the 275 stores that the chains run in overlapping markets. If the deal receives an official go-ahead, the resulting drug store chain will use the CVS name and have about...
...especially liked the way Walter Isaacson prodded Gates to think "philosophically," which he eventually did. Gates really scares me. Society should not allow any one person to amass as much economic power as Gates has. We need some modern-day versions of the old Sherman and Clayton antitrust laws to regulate computer commerce. We need, too, to stop worshipping at the altar of high technology. It has only instrumental value and needs to be judged by how efficiently it promotes genuine aesthetic and moral values. WALTER JEFFKO Lunenberg, Massachusetts...
DIED. CURT FLOOD, 59, doughty former St. Louis Cardinal centerfielder; of cancer; in Los Angeles. Flood defied baseball's hallowed reserve system in 1969 by refusing to be traded from St. Louis, and later, in a case that went to the Supreme Court, sued for antitrust violation. He lost, but his singular challenge paved the way for the 1975 agreement permitting players to become free agents...