Word: businessmen
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Dates: during 1970-1979
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...least 213 defendants-including businessmen and news commentators as well as generals and politicians who served the old regime-have been executed by Iran's revolutionary tribunals, which pay little attention to such legal niceties as providing counsel for the accused. Last week the spiritual leader of Iran's revolution, Ayatullah Ruhollah Khomeini, belatedly took action to curb the killings. Khomeini issued an edict limiting the death sentence to those found guilty of murder, torture leading to death or the ordering of a massacre...
...plowing new money into Taiwan. At the end of 1978, Taiwan's foreign exchange reserves stood at $6.5 billion-not bad for a nation of only 17 million. Unemployment is a tiny 1.2% of the working population. Says Economic Affairs Minister Chang Kwang-shih: "I sense that American businessmen think that some of the uncertainties have been removed and that the environment here is one that is conducive to investment. My main problem is to keep our economy from growing too fast. We are striving for growth with stability...
...full Senate and House are doubtful, but, if enacted, the bill would overturn a 1977 Supreme Court decision. Not only could middlemen and retailers sue and collect treble damages from a company for antitrust violations, but so too could individual consumers who join together in class actions. Businessmen fear that the bill would engulf many companies in harassment suits. Often, such suits amount to little more than blackmail: plaintiffs know that companies would rather agree to an expensive out-of-court settlement than endure years of costly litigation...
...Many businessmen are already mired in time-consuming antitrust cases. The Justice Department is pressing monumental cases to break up IBM and AT&T, and the FTC is doing the same in a suit against Exxon and seven other oil companies. It is unlikely that the FTC suit will come to trial much before the 21st century, by which time the Government expects oil to play a diminishing role in the nation's economy...
...mergers and takeovers would be prevented unless management could prove that joining together would improve competition or operating efficiency. That is something that businessmen say would be exceedingly difficult to show since the hoped-for benefits might not be expected to occur for years. If such proof were not possible, the deal could still go through if the acquiring company agreed to spin off a subsidiary, division or some other large asset so that the parent firm would be no larger than it was before the linkup. The bill is strongly opposed by the business community and is unlikely...