Word: antitrusters
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Before the Senate;s Antitrust and Monopoly Subcommitee last week went General Motors President Harlow H. Curtice to answer charges that G.M. had 1) become too big, 2) abused its dealers, e.g., it refused to give more than one-year franchises. Right off the bat Harlow Curtice announced that G.M. was offering to turn the one-year franchises of all its 17,000 dealers into five-year contracts. The announcement caught Subcommittee Chairman Joseph C. O'Mahoney by surprise, but he quickly broke into a pleased smile and congratulated Curtice for taking "the suggestion I made when you were...
...Mahoney of Wyoming likes to play the role of a giant killer with a special shillelagh cocked for big business. Since General Motors is a giant -the biggest, most profitable corporation in the U.S. -it was the logical target last week for Democrat O'Mahoney's Senate antitrust subcommittee. Ostensible purpose of the hearing: to "appraise the antitrust laws" and ascertain "needed amendments...
...than any ad over television." But the stamp plan's biggest foe, giant Safeway, calls it nothing but "a shell game to distract the consumer from the fact that she is paying higher prices." Because Safeway met stamp competition by slashing prices, the U.S. Justice Department slapped an antitrust suit against the chain, charged it with selling goods below cost (TIME, July...
...import curbs, they must cut crude-oil imports voluntarily by 7% during the last quarter of 1955 and the first of 1956. A House Judiciary subcommittee promptly let out a shout of warning. Asked the subcommittee: How could the oil companies comply without acting in concert and thus violating antitrust laws? Flemming pointed out that he had merely made a suggestion...
Last week the U.S. Government filed civil and criminal antitrust suits against all four organizations, charging them with conspiracy to refrain from competing with each other 1) for the management of artists, and 2) in the organization and maintenance of audience associations. The complaints specified that artists were practically forced to join one agency or the other to get interstate bookings, since independent agencies were all but excluded from the business...