Word: cartelizing
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Correcting the Common. To enforce the new regulation and to pass upon the acceptability of past and future cartel agreements, the Common Market has a trustbusting department headed by Dutch Economist Pieter VerLoren van Themaat, 45, who rejoices in the resounding title of Director General of Competition. After talking things over with him. George Nebolsine, a top New York international lawyer, concluded that "the department is not going to be lenient.'' Nebolsine also believes that it may well challenge "such very common business practices as the appointment of exclusive dealers in a foreign country, restrictions under patent...
...contrast to the U.S., where the Justice Department cannot always predict whether the courts will find a proposed deal in violation of the antitrust laws, businessmen are promised a solid ruling in advance from the Common Market trustbusters. Equally important, the Common Market commission is expected to condone any cartel that it judges to be economically necessary or beneficial...
...hard-sell techniques can be used in a land where the cartel philosophy lingers on, and where many people tend to scorn price discounting as a plot to put the little man out of business. German law forbids any claims that one product is better than a competing one; also banned are "Brand X" comparisons, bonus coupons, boxtop gimmicks, free tie-in offers and two for the price of one. An adman in Germany may boast that his client's soap washes white-but not whiter or whitest. Thus Y. & R. could not advertise that Remington shavers "have...
Died. Lord McGowan, 87, longtime leading British industrialist and cartel-championing munitions maker ("I have no objection at all to selling arms to both sides; I am not a purist in these things"), a working-class Scotsman (born Harry David McGowan) who started at 15 as a $1.25-a-week office boy with Nobel's Explosives Co., became co-founder and chairman (1930-50) of the monolithic Imperial Chemical Industries, Ltd.; in London...
...Reporting to the stockholders of the great diamond cartel, De Beers Consolidated Mines Ltd., Chairman Harry Oppenheimer, 52, professed unshaken confidence in South Africa's future, at least economically: "Political upheavals . . . will not affect the basic wealth of the country, which is underground." De Beers' 1960 sales, said Oppenheimer, were down $4.5 million, to $250 million, but its diamond sales in 1961's first quarter hit a new record. Another reason for Oppenheimer's optimism: De Beers is about to begin manufacture of a synthetic diamond that he hopes will cut deeply into...