Word: ftc
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Dates: during 1970-1979
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...best programming, and the price record of its stock is something of a Wall Street legend. But last week the Federal Trade Commission accused Xerox of having another, darker side. In a complaint charging that the company has illegally monopolized the $1.7 billion copier industry, the FTC said that Xerox has, among other things, ruthlessly stamped out smaller competitors, used its ill-gained market clout to suck in outsize profits from customers, and sought to perpetuate its priceless patents by reregistering slightly different versions of those about to expire...
Faithful Copies. The case is unusual on several important counts. It marks only the second time in recent years that the FTC has sought to break up an alleged monopoly-normally a job left to the Justice Department. Further, the commission did not base its case on either of the two standard antimonopoly statutes-the Sherman and the Clayton antitrust laws. It leaned instead on a broad and seldom used section in the basic FTC act outlawing "unfair methods of competition in commerce...
Xerox, says the complaint, controls 60% of the overall copier market and fully 95% of the business in "plain paper" copiers, which reproduce on stock that does not need to be chemically treated. To redress such dominance, the FTC proposed a series of sweeping measures that might allow other firms to copy Xerox's ubiquitous machines almost as faithfully as the machines copy whatever is put inside them. Xerox, the FTC said, should sell off its controlling interests in British and Japanese copier companies. Also, the Government wants Xerox customers to have the option of buying all Xerox equipment...
Nixon's connections may explain why, simultaneously with Kendall's announcement, the FTC made known an agreement with Pepsico under which the corporation agreed not to move to assume or exercise actual control of Rheingold before December 4. The possibility that Mudge Rose heavily influenced the FTC on Pepsico's behalf is probable, considering the firm's past relationship with the corporation...
...soldiers for the Corporate State. And the game they play meets little opposition. The cigarette controversy typifies the Superlawyers' ability to juggle the controls of governmental regulation. In early 1964, when the Public Health Service issued its famed report on the causal connection between smoking and bad health, the FTC proposed rules requiring that tobacco companies warnings both on cigarette packages and in advertising. Under the direction of Abe Fortas, who represented Phillip Morris, Washington Lawyers for the big tobacco companies formed a solid coalition to help the tobacco lobby. Fortas's strategy for the Superlawyers was threefold...