Word: bingaman
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Dates: during 1990-1999
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...Connecticut, for example, has created "clawback" agreements that require corporations that fail to meet job targets to repay tax subsidies. Minnesota scaled back $620 million in aid to Northwest Airlines after it delivered fewer than 1,000 of 1,500 promised jobs. Washington has also grown concerned. Senator Jeff Bingaman, a New Mexico Democrat, wants the Commerce Department to decide whether companies that receive tax benefits should be required to file cost-benefit analyses and stand behind their job pledges...
These issues came to a head in February, when the antitrust settlement Gates reached last July with Assistant Attorney General Anne Bingaman ran into a roadblock in the person of federal judge Stanley Sporkin. In a widely quoted decision, Judge Sporkin rejected the deal, agreeing with most observers, who believe it was too favorable to Microsoft. "It is clear to this court," he wrote, "that if it signs the decree presented to it, the message will be that Microsoft is so powerful that neither the market nor the government is capable of dealing with all of its monopolistic practices...
...been the biggest acquisition in software history. Microsoft was scheduled to fight the suit in court on June 26, but two weeks ago, the company announced that it was dropping the merger, perhaps hoping it would get the government off its back. It may be too late for that. Bingaman says her department has become a kind of "Microsoft complaint center," and her staff says it doesn't have the resources to pursue the leads it is getting. In one closely watched investigation, the Justice Department is reported to have assigned a team to look into Gates' plan to bundle...
What happened? In two words: Stanley Sporkin. In February the maverick federal judge rejected as inadequate the antitrust decree Gates had negotiated last summer with Assistant Attorney General Anne Bingaman, publically chastising the government's chief trustbuster for failing to curb what he viewed as Microsoft's abuse of a monopoly position. Both the government and Microsoft insist that one case had nothing to do with the other. But someone at Justice seemed to think they might be linked in the court of public opinion. The department assigned more lawyers to its investigation of the Intuit deal right after...
...government didn't buy it. "The so-called fix just won't work," Bingaman said last week. As evidence that Microsoft knew the merger would kill competition, her complaint cites the memo of a senior Microsoft official. "If we were to try to buy Intuit ... I can't imagine anyone would be stupid enough to [purchase Money]," the manager writes. "I think they would imagine that we'd never be allowed to do it." The betting now is that Microsoft won't. --Reported by Suneel Ratan/Washington