Word: baxter
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...Washington, Assistant Attorney General William Baxter, who nine months earlier had declared his intention to "litigate it to the eyeballs," announced that the Justice Department had reached an out-of-court settlement with A T & T. That ended the Government's seven-year antitrust pursuit of the world's largest corporation (1980 revenues: $51.7 billion). Under the agreement, Ma Bell-as the giant communications company is popularly known-will divest nearly two-thirds of its total assets by spinning off 22 local operating companies. But at the same time, it will retain its long-distance services...
...same day, in New York, another Justice Department official appeared before a Federal District Court judge to declare that the Government was abandoning its 13-year effort to break up International Business Machines, the world's largest and most powerful computer-manufacturing company (1980 revenues: $26.2 billion). Said Baxter in Washington of the IBM suit: "The case is without merit and should be dismissed...
...business. In the AT&T settlement, the Government basically won its case. The final agreement was very close to what the Justice Department has been seeking all along. When asked at a press conference precisely how the settlement differed from what the Justice Department had been demanding, Baxter, a soft-spoken former Stanford University law professor, hesitated. Then AT&T Chairman Charles Brown, who was standing next to him on the podium, leaned to the microphone and declared, "I will answer that for Mr. Baxter. It is exactly what the Government wanted. He is just too modest...
...Baxter was the architect of the two settlements. A T & T in recent weeks became firmly convinced that it had little hope of winning its case against the Gov ernment. A few days before Christmas the company officially told a Justice Department lawyer that divestiture might be the best available alternative. There then followed, as negotiations picked up speed, at least 13 separate draft proposals for a settlement. At the same time, Baxter was concluding his review of voluminous material concerning the IBM case and had decided that he would drop the Government's action against the company. When...
...charges of monopoly were dropped in the IBM case because the government believed that the case was "without merit and should be dismissed," William F. Baxter, assistant attorney general in charge of anti-trust for the Justice Department, said Friday...