Word: antitrusters
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...producer and Middle Brother Lee the businessman; "J.J." touched both sides of the business, playing backer to Florenz Ziegfeld, producing more than 500 shows, and sending Eddie Cantor, Al Jolson, Marilyn Miller and Bert Lahr on their way to stardom. Until 1956, when the U.S. Government settled an antitrust suit, the Shuberts controlled half of all U.S. legitimate theaters; the business (24 theaters in Manhattan and four other cities) is still worth an estimated $50 million, and two days before J.J.'s death, the Government moved to get $15,705,387 in death taxes from Lee's estate...
...more of his records Leahy retains, on the principle that even insignificant slips of paper may be important to a top man. A piece of out-of-town hotel stationery, for instance, may establish the president's presence in one city at a time when Justice Department antitrust lawyers accuse him of being someplace else in a price-fixing conspiracy. Leahy's teams shy from letting corporate committees decide what should be thrown out. "In committee," says Founder Emmett Leahy, 53, "a company can always come up with reasons why useless papers should be retained...
...color TV tubes by building a plant to supply half of Zenith's tubes. Joe Wright has an unlikely background for an executive. Son of a Montana dentist, he worked through law school as an aide to Montana Senator Burton K. Wheeler in the 1930s, later became an antitrust lawyer for the Federal Trade Commission, where he tangled with many businessmen-including U.S. Steel Counsel Roger Blough, who lost to Wright in a steel-pricing case. Changing sides in 1952, Wright was hired as Zenith's counsel with the job of cracking RCA's control over some...
...Kennedy is in part responsible for his own difficulties; indeed, in the best tradition of theatrical farce, his actions have redounded to his own severe disadvantage. He decided to let the House study the bill first so that the House Antitrust and Monopoly Subcommittee, a group conveniently free from Southerners, could work out legislation acceptable to both Republicans and Democrats. Instead, the subcommittee produced a bill much stronger than the Administration's, a bill which is now thought to be too strong to pass either House. And when the President sent his brother to ask the full committee to soften...
...Manhattan district attorney under Thomas Dewey, Tillinghast took over TWA in 1961 after Industrialist Howard Hughes was forced by the airline's lenders to put his 78.2% ownership of TWA in trust. When Hughes began sniping at the new administration, Tillinghast tied him into legal knots with an antitrust suit. He arranged additional financing for more jets, flew the line constantly to check on service, and shifted TWA's image from that of a tourist's to a businessman's airline...