Word: legalizes
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Dates: during 1960-1969
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...March, Northwest revised its January proposal and offered a complex package of debentures, preferred stock and warrants, then worth about $75, for a share of Goodrich ($50). Keener, who dismissed what he called a "funny money" offer, had assembled a potent band of allies. For legal advice, he had White & Case, the Manhattan firm that masterminded American Broadcasting's successful defense against Howard Hughes last year. As investment bankers, he had First Boston Corp. To burnish Goodrich's image, Keener used three public relations firms, among them Hill & Knowlton, the world's biggest...
Undeniably, conglomerate mergers have dramatically accelerated the concentration of U.S. industrial power (see Corporations). Yet McLaren's view of them is disputed by many experts on legal grounds, and his ideas stumble on some basic contradictions. While he does not necessarily believe that "bigness is badness," he insists that in the case of conglomerates size alone is potentially anticompetitive. Therefore, he is not likely to miss an opportunity to challenge "giant acquisitions" even if no actual restraint of trade is involved. This action, he believes, would tend to retard such possible abuses of economic power as reciprocity. He fears...
...summons requested Berg to appear before the Committee May 27, and added he could bring along an academic advisor and legal counsel. Berg said those receiving summonses would probably meet to decide whether to attend the Committee hearings...
...Fellows' non-Harvard interests often converge on the same company. Since early in this century the Corporation has retained the Boston firm of Ropes & Gray as the University's legal counsel. During that time at least three Fellows--Thomas Nelson Perkins, Charles A. Coolidge, and Francis H. Burr--have been partners in Ropes & Gray. From 1954 to 1965, when Coolidge retired, he and Burr served as Fellows at the same time, Burr also sits on the Board of Directors of State Street Investment Corporation, whose relationship with Harvard's treasurer, George Bennett, is discussed below; Bennett, Burr, and Coolidge...
...Changing the Corporation's method of election (for example, by having a student-faculty search committee) or its character of membership (by having faculty or recent graduates serve limited terms) face no legal restrictions. They only state laws restricting the Governing Boards apply to the Overseers--only alumni can vote, but faculty and administrative officers cannot vote for or serve on the Board. A recent article on this page indicated that--however foolhardy it would be politically to ask politicians now to consider matters affecting a university--it might be safe in legal terms to petition the legislature to remove...