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Word: antitrusters (lookup in dictionary) (lookup stats)
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...source of the charges was that well-known dealer in secret memos, Washington Columnist Jack Anderson. Last week Anderson published a summary of a personal memo, purportedly written by ITT Lobbyist Dita Beard, that linked the favorable antitrust settlement with ITT's pledge to underwrite some of the convention costs. Addressed to William R. Merriam, head of ITT's Washington office, the memo refers to Mrs. Beard's accosting Attorney General Mitchell at a party thrown by former Kentucky Governor Louie Nunn in Louisville after the 1971 Kentucky Derby...

Author: /time Magazine | Title: THE ADMINISTRATION: The ITT Affair | 3/13/1972 | See Source »

...following day Anderson took out after Kleindienst in his column. The Attorney General-designate, he charged, had lied outright last year when he denied-in reply to a letter from Democratic National Committee Chairman Lawrence O'Brien-any connection between the convention cash and the antitrust settlement and insisted that neither he nor Mitchell had played any role in the department's negotiations with ITT. On the contrary, Anderson wrote, Kleindienst had in fact held several meetings on the case with ITT Director Felix Rohatyn before the settlement was reached...

Author: /time Magazine | Title: THE ADMINISTRATION: The ITT Affair | 3/13/1972 | See Source »

...given $100,000 -through its subsidiary the Sheraton Corp.-to the G.O.P. and was considering giving more. It was also known that the money for the convention had been pledged only eight days before the Justice Department's favorable ruling. At the time, the department's Antitrust Division was under Richard McLaren, an exceptionally tough prosecutor who is now a federal judge in Chicago. The division had been furiously attacking ITT's earlier acquisition of several major companies, including the Hartford Fire Insurance Co. Several stories about the "coincidence" of the division's subsequent favorable ruling...

Author: /time Magazine | Title: THE ADMINISTRATION: The ITT Affair | 3/13/1972 | See Source »

...denied any wrongdoing. Kleindienst insisted that he knew nothing about the ITT convention contribution until it became public knowledge "on or about Dec. 3" of last year. He also said that he had had nothing to do with the negotiation of the settlement agreed to by McLaren's Antitrust Division. He did, though, admit to several meetings with Rohatyn to discuss "some of the economic consequences" of the suit-meaning the impact on the stock market if the ITT-Hartford merger fell through...

Author: /time Magazine | Title: THE ADMINISTRATION: The ITT Affair | 3/13/1972 | See Source »

...conceded that, besides Rohatyn, he knew one other ITT employee, a neighbor named John Ryan, who was deputy director of the corporation's Washington office, and whom he had met a few times at parties. But, he said, they had never discussed ITT's troubles with the Antitrust Division. Later, while McLaren was answering questions, Rohatyn and Kleindienst held a whispered consultation, after which Kleindienst cut off the questioning to announce: "My memory has been refreshed." Yes, he said, he had talked to Ryan about ITT's troubles after all; in fact, it was Ryan...

Author: /time Magazine | Title: THE ADMINISTRATION: The ITT Affair | 3/13/1972 | See Source »

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