Word: merger
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Dates: during 1950-1959
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...business should be. He could not have been more wrong. Time and time again, the nation's industrial giants have been haled into court on antitrust charges that smacked of prosecution for bigness alone. The problem has been raised again by the roadblock against the Bethlehem-Youngstown steel merger (TIME, Oct. 11), although Bethlehem claimed that the merger would have permitted it to expand in the Midwest markets, thereby increasing competition. Thus, at issue is the old question: Can the size of a business be limited...
...many another judge and businessman have disagreed. The confusion over bigness and monopoly started in 1890 with the Sherman Act, the forerunner of all antitrust legislation. Although the act clearly stated that any person "who shall monopolize" is guilty of a crime, it failed to define monopoly. Thus every merger in the early trustbusting days was a calculated risk. Industry breathed easier after the Supreme Court in 1911 adopted the flexible "rule of reason," which held that only "unreasonable restraints on commerce" violated the Sherman Act. The question was further clarified when the Supreme Court, in its 1920 decision...
...physic was a stiff dose of merger. The bailey Plan was to lump together as many of the book and speciment collections as possible, selling off duplicates. It also looked to centralization, to splitting the field into two Areas, each with a chairman, presided over by a Biological Council. The Arboretum fell on both sides of the dividing line: the living collections were to go into one Area, and all research dependent on preserved matter would go into the other. The herbarium and library were slated to be moved to Cambridge...
Died. George W. Mason, 63, president and board chairman of American Motors (Nash, Hudson): of acute pancreatitis and pneumonia; in Detroit. Tireless Carmaker Mason became president of the Kelvinator Corp. when he was 38, engineered the 1936 merger with Nash and consolidation with Hudson early this year (TIME, Jan. 25). At the time of his death, he was dickering with Studebaker-Packard for another merger that would have resulted in the world's second largest auto firm (behind General Motors...
Naturally there will be some friction as the military and civilian instructors mesh their methods, and the first year will require close management. The man who should represent the Army in this merger is the present Professor of Military Science, Lt. Col. Trevor N. Dupuy, originator of the new program...