Word: ftc
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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...
...SUPERLAWYERS law firms include President Nixon's former employer. Mudge, Rose, Guthrie and Alexander. Golden's history of Mudge Rose throws light on recent developments between four players in the Superlawyers' world Nixon, Mudge Rose, Pepsico, Inc., and the FTC. After his 1962 defeat in California, Nixon joined Mudge Rose and represented Pepsico on the East Coast and internationally. Goulden discloses that at that time Pepsico offered Nixon a substantial annual retainer (thought to be close to $120,000 a year) to soften up foreign leaders who often make it tough on multinational corporations. When Nixon moved to the White...
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...
...School Institute has hired an electronics expert to study the data submitted by TV-set makers and hopes to have ready by year's end a report on which claims are well supported. The Consumer Interest Foundation, a unit just formed by Consumers Union, plans to study the FTC data with a view toward setting up more effective standards for documenting ad claims. Senator Moss is readying for the next session of Congress a bill that would force advertisers to send to any consumer who asks for it the same documentation substantiating ad claims that they have submitted...