Word: baxter
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Congressional critics, though, blame the Reagan Administration for creating a new atmosphere that encourages merger fever. The President appointed William Baxter, a Stanford law professor who firmly believes in the virtues of large-scale enterprises unfettered by excessive Government regulation, to be his antitrust chief in the Justice Department. Baxter's boss, Attorney General William French Smith, succinctly stated the new Adminstration's philosophy in an oft-quoted speech before the District of Columbia Bar. Said Smith: "Bigness in business is not necessarily badness. Efficient firms should not be hobbled under the guise of antitrust enforcement...
...Justice Department, Antitrust Chief William Baxter seemed to backpedal a bit from the Administration's big-is-beautiful stance. Said he: "If the companies think we're generally soft on mergers, they're going to be in for a big surprise.'' Baxter stressed that while the Government was generally receptive to so-called vertical mergers of firms in different businesses, it would look skeptically upon horizontal combinations that might seriously reduce competition within an industry...
...possible choice to head the department's civil division. The old-boy network of Stanford had brought her to Smith's attention. Among those who recommended O'Connor, as the search for a new Justice intensified: Stanford Law Dean Charles Myers, former Stanford Professor William Baxter, who now heads the Justice Department's antitrust division, and one of Stanford Law's most eminent alumni, Justice William Rehnquist. He is clearly the court's most consistent and activist conservative, so his advice that O'Connor was the best woman for the court carried clout...
Argues Attorney General Smith: "Efficient firms should not be hobbled under the guise of antitrust enforcement." His antitrust chief, William Baxter, last week acknowledged that the Administration was creating "in many senses a more favorable atmosphere for mergers...
...Since Baxter assumed his post in March, his trustbusters have filed only four new suits, compared with the 25 started during the same period in the Carter Administration. Baxter last week dropped two of the antitrust cases inherited from Carter: one against Mack Trucks and the other involving two firms in the brick-selling business. In light of the new attitude, Government approval of the Du Pont-Conoco match-up appears almost certain...