Word: firmness
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Dates: during 1970-1979
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...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 to be reported out of committee this year...
Several panel members also faulted Kennedy-Metzenbaum for setting arbitrary limits on the size of companies that are allowed to merge. So long as inflation continues, the number of companies that have $2 billion in sales or assets will grow fast, and yet each firm will have a smaller share of the nation's markets than at present. Meanwhile, the new activism in antitrust would concentrate more and more power in the Justice Department's and FTC's enforcement bureaus. Assistant Attorney General John Shenefield, the antitrust chief, told the group that the public has concluded, though...
...case has also been a. man-eater for IBM and its law firm. In order to recruit top law school graduates, Cravath has constantly had to boost starting salaries (this year: at least $30,000); the grads fear becoming stuck on the IBM case, which is widely seen as a black hole for fledgling legal careers. Those who are assigned to the case get up to $5,000 extra combat pay annually...
...ripple in the ocean of paper that has been delivered by IBM, but I wasn't even a party to the case!" Then he was tied up full time for two months giving depositions to the Government. Diebold was asked not only about the fees IBM paid his firm but about his personal net worth. Finally, Diebold reported, the Justice Department lawyers told him to produce more than 1,000 lengthy and confidential reports that Diebold's consulting company had made for its clients, including some plans for IBM's competitors to compete with...
...elbow his way onto the Ford board. Also present was Henry's only son Edsel, 30, who is assistant managing director of the company's Australian operation and the only member of the younger generation of Fords now being groomed for an important role in the firm...