Word: antitrusters
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...Hughes replied: "That's no problem; just tell those stooges to give their approval." He lost control of TWA in 1961, and after a lawsuit was later ordered to pay the company $136 million-with $9 million subsequently added for interest -on the grounds of mismanagement and breach of antitrust laws. That is one of the suits still hanging over...
...with local coverage of the 1967 Milwaukee riots and the sympathetic press given Father James Groppi, who led street demonstrations in favor of an open-housing law. The mayor rarely misses an opportunity to belabor the Journal Co.'s monopoly, and he once tried to instigate a federal antitrust suit against the company...
...agreeing to sell a clutch of household names that it had acquired in recent years. Among them were home builders Levitt & Sons, Avis Inc. and Hamilton Life Insurance. To ITT insiders, however, the decision was no surprise. Chairman Harold Geneen chose to sell because the alternative was a costly antitrust battle with the Justice Department that would have tied up his company in courts for years, and might still have ended in divestiture...
...speed fanned inevitable speculation that McLaren had been booted as a prelude to a relaxation of antitrust policy. To that, Deputy Attorney General Richard Kleindienst had a convincing reply: McLaren had asked to be appointed a judge last summer, and renewed his request recently when Julius Hoffman of Chicago conspiracy trial fame retired, opening a vacancy in McLaren's home town. McLaren's name had to be rushed to the Senate to meet a deadline set by Judiciary Committee Chairman James Eastland for nominations to be acted on this year...
...Justice Department issued a statement pledging "the same vigorous enforcement" of antitrust laws as under McLaren. There seems little reason to doubt that intention, at least until and unless Attorney General John Mitchell resigns to manage Nixon's re-election campaign. Mitchell has talked quite as hawkish an antitrust line as McLaren. The Administration, however, has had no time to consider a successor to its departing antitrust chief. It is an open question whether the Government will find one quite as aggressive...