Word: antitrusters
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Undeniably, Ford has rarely succeeded in appearing sufficiently "presidential." His huge budget deficits have doubtless offended many deep-dyed Republicans, and he has positioned himself on both sides of such embattled issues as tax reduction and antitrust enforcement. But he has also won support for his obvious decency and openness, and for the fact that the nation is at peace. If anything, he has not received enough credit for the surging economy. The fact that he is President has been reason enough for many Republicans to vote...
Despite a 37% expansion in legal staff under Kauper, the antitrust division is still undermanned and overworked. Partly as a consequence, division lawyers are toning down their claims of direct consumer benefit from two of the major antitrust actions still pending: a suit to force divestiture by American Telephone & Telegraph of its subsidiary, Western Electric, and one against IBM aimed at reducing its influence in the digital computer market...
...prison sentences for individuals and $1 million corporate fines v. the previous one-year sentences and $50,000 fines). But after 19 months on the books, the new felony penalties have never been successfully invoked. More to Kauper's credit has been the rise in public awareness of antitrust and its relation to consumer wellbeing. Says one department official: "There is now a constituency for antitrust." Unfortunately for Kauper's successor, who may be Cornell University Law Professor Donald Baker, a former Kauper aide, that constituency does not seem to include the White House...
POWER: No Predators. Multinationals should behave abroad as circumspectly as they must in the U.S. and increasingly in Western Europe, where antitrust agencies watch for illegal accumulations of economic power. Further, the companies should refrain from participating in cartels and avoid "predatory behavior toward competitors...
...Economic Cooperation and Development, which represents the governments of the 24 most highly developed non-Communist nations, has drawn up a code of ethics intended to guide the multinationals in the conduct of their far-flung enterprises. To Americans, who are more familiar than most with the concepts behind antitrust law and the idea of corporate disclosure, parts of the code may seem elementary or oddly archaic. Yet in many areas of the world these concepts are little known. Hence, in a sense, the OECD code is an attempt to curb some of the abuses of the multinationals by encouraging...