Word: antitrusters
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Curiously, Australia's new Labor Prime Minister Gough Whitlam seemed to rile Heath more by warning the underdeveloped Commonwealth countries to beware of multinational corporations. Heath retorted that if Whitlam had problems with such corporations in Australia, he should enact antitrust laws. "That would ensure competition," the British Conservative leader said. "But," he added, cuttingly, "that is not something socialist prime ministers like to hear...
Back in the days before Watergate became the national preoccupation, one of the most prominent skeletons in the White House closet was the allegation that the Administration had quietly settled a 1971 antitrust case against ITT, the giant conglomerate, in return for an ITT offer of up to $400,000 to help defray the cost of the Republicans' 1972 national convention in San Diego (later switched to Miami). Columnist Jack Anderson published an ITT memorandum last year that appeared to substantiate the charge. But before ITT Lobbyist Dita Beard, the author of the memo, could give testimony...
...various documents to which Colson referred all dealt with efforts by ITT in early 1971 to enlist the Administration's support in quashing three separate antitrust suits under way against the corporation. U.S. district courts had previously ruled against the Government in two of the cases, which involved two lesser ITT subsidiaries, Grinnell Corp. and Canteen Corp. But Richard W. McLaren, head of the Justice Department's antitrust division, who had strenuously pressed the litigation, had already made known the Government's intention to appeal to the Supreme Court. The third and most important case, involving...
...multinational-ITT provided an early trickle to the Watergate. ITT Lobbyist Dita Beard's secret memo found its way into Jack Anderson's column, where it told of a $400,000 pledge for the 1972 Republican Convention. All this occurred shortly before the Justice Department settled an antitrust action against...
...otherwise rebel and enables him to check the performance of a widely-almost wildly-diversified company. In other ways Geneen is a gambler on a monumental scale. Sampson neglects this facet of Geneen, although he does show that when Geneen acquired Hartford Insurance he knew full well that the antitrust division of the Justice Department would oppose him. In short, Sampson concludes, Geneen was under the utmost compulsion to try to change the trustbusters' collective mind...