Word: antitrusters
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...Jack Anderson doesn;t need to prove any of his charges in the IT antitrust-suit controversy; the allegations alone have caused serious political damage to the Republican Party. And isn't this really the name of the game in an election year...
With all their difficulties over party contributions and antitrust deals far from settled, the last thing International Telephone and Telegraph officials needed was a fresh controversy over income taxes. Last week they faced exactly that. In the final stretch of the Wisconsin primary campaign, George McGovern charged that ITT had "paid no federal taxes at all" for the past three years. As it turned out, McGovern could not back his accusation with any reliable evidence, and thus earned the company's rebuke that his charges were "erroneous and misleading." On the other hand, ITT's real tax position...
...measure a curious case. A highly successful antitrust lawyer in San Francisco before he became mayor, Alioto was asked in 1961 by the then Washington State attorney general, John O'Connell, to handle suits for triple damages against 24 electrical manufacturers that had conspired to fix prices at an improperly high level. Alioto was to be paid 15% of whatever he could recover, up to a maximum fee of $1,000,000. He eventually got the manufacturers to pay $16.2 million to his clients-the state of Washington, three cities, one port authority and eight public utility districts. Along...
...again the symbiotic relationship between big business and the incumbent Administration. That relationship is the real focus of the uproar about International Telephone and Telegraph Corp.'s promise to help finance this summer's Republican National Convention, and the subsequent out-of-court settlement of a major antitrust case on terms relatively favorable to ITT. That case reached some kind of high point last week in one of the strangest Senate hearings ever held. Testifying from her Denver hospital bed, propped up on pillows and hooked up to heart monitoring equipment, ITT Lobbyist Dita Beard "categorically" but unconvincingly...
Jack Anderson. She did admit writing a similar memo in which she supposedly discussed ITT's pledged contribution, but not the antitrust cases. Asked why she had not repudiated the Anderson document earlier, she replied that she had "no one to turn to"-ignoring the battery of ITT lawyers who had been advising her. After two and a half hours of questioning, Mrs. Beard collapsed with chest pains, and worried Judiciary Committee members called off their polite interrogation. Back in Washington this week, they will vote on whether to continue the ITT probe...