Word: antitrusters
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...code, like the health surveys that inspired it, is largely conearned with protecting young people. The companies began discussing a possible code even before the Surgeon General's report on cigarettes and cancer-but not until they had discreetly checked with the Justice Department to win antitrust immunity in this case. Some parts of the code, such as the elimination of cigarette advertising in college newspapers and a halt to the distribution of samples on campus, have already gone into effect. Other portions of the code cover general advertising, for which the industry has been spending some $200 million...
Indictment of the millers pointed up the fact that the trustbusters seem to be savoring the food industry: 24 antitrust cases against the industry are now under way, and 46 others are being investigated-amounting to more than 10% of all antitrust cases...
...mistake to think that antitrust prosecution swings from quiescence to vigor under different Attorney Generals," says William Horsley Orrick Jr., the Justice Department's chief trustbuster under Attorney General Robert Kennedy. "Antitrust is more like the Mississippi - it just keeps rolling along...
...rate, Orrick's Mississippi was in full spring flood last week. Capping a recent flurry of antitrust suits, Orrick and his trustbusters sued to break up three big proposed mergers in the chemical and oil industries- including a deal that involved giant Standard Oil (N.J.), a prime target for trustbust ers since the days of Founder John D. Rockefeller...
...Trustbuster Orrick contends that last week's suits were routine and signified no tougher policy on his part. But businessmen complain generally that U.S. antitrust policy is a vague and antiquated crazy quilt that has been haphazardly stitched together over the last 75 years. They fear that Orrick will be emboldened by the U.S. Supreme Court's decision fortnight ago to break up two big mergers-one between a pair of banks in Lexington, Ky., and the other between two pipeline companies-even though the deals already had the approval of other federal agencies. And they considered even...