Word: antitrusters
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...President's name, referring to him simply as "that man in the White House." Yet, under Roosevelt's wartime leadership, the government entered into the most productive partnership with private enterprise the country had ever seen, bringing top businessmen in to run the production agencies, exempting business from antitrust laws, allowing business to write off the full cost of investments and guaranteeing a substantial profit. The output was staggering. By 1943, American production had not only caught up with Germany's 10-year lead but America was also outproducing all the Axis and the Allied powers combined, contributing nearly...
...Microsoft media pack was out in force last week outside Chicago's prestigious Standard Club. Its target was Judge Richard Posner, the recently appointed mediator in the government's landmark antitrust lawsuit. When reporters fired questions at Posner just before his first meeting with the parties, he had a crisp answer: "Get out of my way, please...
Posner's decidedly free-market views mean that he starts out as an antitrust skeptic. He's argued that regulation of monopolies is often a mistake, and that in many cases government intervention does more harm than good. But he has also shown an inclination to follow established law and has written approvingly of the AT&T breakup. His admirers say he won't approach this case with ideological preconceptions. "Labels are meaningless," insists University of Chicago Law School Dean Daniel Fischel. "He's completely unpredictable in his views...
TIME's cover story on Judge Thomas Penfield Jackson's finding of fact in the Justice Department's antitrust case against Microsoft was right on the mark [BUSINESS, Nov. 15]. The suit brought by the government seems to have been less about the power and influence of Microsoft and more about reprimanding those who have acquired too much, too easily and too quickly. The government seems to think that people who have the wealth, power and influence of Microsoft ceo Bill Gates must be doing something wrong. Why can't our government recognize success for what it is--hard work...
Microsoft chairman Bill Gates talked to TIME managing editor Walter Isaacson last week about his reaction to a federal court's findings of fact in the government's antitrust case against his company...