Word: hundt
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...chip to filter out video violence and sex. Still unclear is what Net broadcasts could be affected. The idea alarms free-speech advocates, who wonder why Americans need a Net-nanny. "What you get is a devolution of the First Amendment," argues lawyer Bob Corn-Revere. FCC chairman REED HUNDT says the high-tech industry can "be part of the process" as the agency sets rules. There's a low-tech alternative: the off switch...
...powered stock. Ebbers can easily issue the 820 million new shares needed to acquire MCI in a tax-free deal. Both combinations are sure to raise red flags at the Justice Department and the fcc. The GTE takeover in particular would raise "serious competitive questions," warns FCC chairman Reed Hundt...
...Reed Hundt had it wired. As chairman of the Federal Communications Commission, he was a prime architect of deregulation, which was going to bring competition to the phone business the likes of which had never been seen. Trouble is, it hasn't been seen, leaving Hundt fuming about telephone-company attorneys. "Shakespeare had it right," says lawyer Hundt. "First thing, kill the lawyers...
...telco legal teams have tied the FCC in many, many knots. Last week a federal court in St. Louis, Mo., once again blocked the FCC's efforts to force former Bell companies to open up their markets. "It's a torpedo under the waterline of efforts toward real competition," Hundt says. "Congress's intent to introduce competition was twisted by the judicial machinations of incumbent monopolists--both local and long-distance telephone companies." Hundt doesn't see the potential GTE-MCI merger as being particularly friendly to consumers. "By our count, GTE has filed 23 federal court actions challenging...
When Knight returned to his firm, the Gore connection paid off. His portfolio of clients bulged with companies wanting a leg up with Gore or his allies. Telecommunication firms lined up to see Hundt; environmental companies came with pleadings for Browner and Grumbly. In short order, Knight was the top-billing partner at the firm, routinely grossing a seven-figure sum. At a firm in which, as a former partner put it, "you eat what you kill"--that is, you pocket everything after deducting your expenses and a share of the firm's overhead--Knight had hit pay dirt...