Word: nader
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Dates: during 1970-1979
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...seven years since he began making headlines with exposes of unsafe cars, Ralph Nader has broadened his interests enough and launched enough consumer organizations to rival any corporate conglomerateur. Annoyed critics have kept hoping that he would either run out of steam or start boring the public. Instead, Nader supplied fresh evidence last week that he is as energetic, and as capable of enlisting new allies, as ever...
...starter, Nader's Washington-based Center for Study of Responsive Law issued the latest of its more than 20 books and reports to date: The Monopoly Makers, a scathing 345-page examination of the cozy relationships between federal regulatory agencies and the industries that they supposedly watchdog. By too willingly approving mergers, setting price floors that protect established companies and preventing new firms from entering fields such as the communications and transportation industries, the report charges, the regulators have assisted in the creation of monopolies that overcharge consumers and taxpayers by $16 billion to $24 billion a year...
When Ralph Nader released The Company State (1971), a report attacking Du Pont influence in Delaware, the papers gave the document heavy play. More recently, Reporter David Warsh, 28, was sent to Washington to cover Securities and Exchange Commission hearings on the proposed merger between Du Pont and Christiana Securities, the holding company through which the family owns the papers. Warsh's coverage was so acerbic that, as one Du Pont man bitterly put it, the reporter became an instant "folk hero...
...Noting that many such suits had been brought as "legalized blackmail" to force settlements from companies unwilling to face the cost or risk of fighting the actions, Federal Judge Harold Medina, who wrote the decision, called it "a landmark." Replied Mark Green, a legal activist who works with Ralph Nader: "I'd call it a land mine...
Disclosure on environmental protection and mine safety measures and on minority hiring is "important and of legitimate concern to shareholders" in Con Oil, the subcommittee said, but not in the "extensive detail" called for by Campaign Continental, the group of Miners for Democracy and Ralph Nader staffers which solicited proxies for the Con Oil resolution...