Word: antitrusters
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Child rearing and glacial activity aside, hardly anything moves slower than a major antitrust case against a big U.S. corporation. The Government filed suit to break up American Telephone & Telegraph in 1974; last fall the federal courts finally decided that they had jurisdiction to hear the case-so the Government and company served each other with demands for millions of documents to be examined before trial. The Federal Trade Commission's suit against eight major oil companies is flowing about as speedily as heavy motor oil; it was filed four years ago, but lawyers do not expect trial...
Bell has not yet begun drafting legislation for such a policy. It is opposed by some of his own antitrust lawyers, who view Congress as a cockpit of political pressures and business lobbying...
...Supreme Court freed major league baseball from charges of illegal anti-competitive practices by granting the sport an exemption from the antitrust laws. Since that ruling, the legality of the perpetual reserve system has been the subject of constant court cases...
...right of that team to trade him against his wishes. The Supreme Court voted 5-3 in favour of the owners, on the grounds that if the reserve clause was an anti-competitive measure, it was up to Congress to legislate the inclusion of professional baseball under the Sherman Antitrust...
...conference, he noted that the oil companies, under his plan, will have to report their profits in each geographical area and for each type of fuel they produce. That, he said, might well disclose anticompetitive practices that the Government could then use to prosecute the oil companies under the antitrust laws, and perhaps avoid any necessity of breaking up the companies or making them get out of non-oil energy fields, such as coal or nuclear power. This stand marked a softening of his position from the campaign: Candidate Carter said he would probably favor making the oil companies split...