Word: antitrusters
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...longer to hear of new job eliminations, even at companies that have already gone through several previous rounds of layoffs and are earning solid profits. AT&T qualifies on both counts. It has been bouncing people at an average rate of around 900 a month since 1984, when an antitrust decree forced it to get rid of its seven "Baby Bell" regional phone companies. Not entirely by coincidence, it earned $4.7 billion in 1994 and $2.8 billion in the first nine months of 1995. (A write-off against fourth-quarter earnings of $4 billion after taxes for severance...
Areeda devoted nearly two decades to writing his 10-volume treatise Antitrust Law. The work, a standard in the field, is relied on extensively by lawyers and judges, so much so that Supreme Court Justice Stephen Breyer once remarked that most lawyers would prefer to have on their side "two paragraphs of Areeda on antitrust than four Courts of Appeals and three Supreme Court Justices...
Areeda was also the author of what remains the field's leading textbook, Antitrust Analysis...
This year the U.S. Department of Justice gave Areeda the John Sherman Award in recognition of his contribution to the field of antitrust law. Attorney General Janet Reno, speaking at the award ceremony, called Areeda "a guiding light and an inspiration to generations of lawyers, economists, judges and Supreme Court justices. His writings and teachings have furthered the cause of economic freedom and opportunity as a central principle in American society...
Along with his passion for antitrust doctrine, Areeda was well known for his love of fine food, wine and opera...