Word: nationalizes
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Dates: during 1970-1979
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...also faulted Kennedy-Metzenbaum for setting arbitrary limits on the size of companies that are allowed to merge. So long as inflation continues, the number of companies that have $2 billion in sales or assets will grow fast, and yet each firm will have a smaller share of the nation's markets than at present. Meanwhile, the new activism in antitrust would concentrate more and more power in the Justice Department's and FTC's enforcement bureaus. Assistant Attorney General John Shenefield, the antitrust chief, told the group that the public has concluded, though reluctantly, that...
What most people at the conference agreed upon was that the debate over antitrust will continue and intensify-unsettled, and unsettling to the nation. Yet if so much is uncertain, perhaps the U.S. should be cautious about enacting new laws. In short: If you don't know, go slow...
...Henry means what he says about his role's becoming "completely nonexecutive," one of the nation's last family-dominated corporate giants will be entering a new period in which its future course will be steered by professional managers. Caldwell, a reticent Harvard Business School graduate, joined the company in 1953. Like many of the company's top executives, he came up through Ford's European operations. But just how much power Ford intends to give up remains open to question, since he also declared last week that he will remain the company's board...
...Food Inc., the Washington, D.C.-based supermarket chain, agreed under Government pressure to reduce prices on a number of items. Following up on a longstanding threat, COWPS also released the name of a company it considered a major price offender, Denver-based Ideal Basic Industries, Inc., one of the nation's largest cementmakers...
...that is still prescribed by some of their physicians as the best remedy for tension and insomnia. Now, however, the beermakers themselves are losing sleep. Having grown steadily for 30 years, the German thirst for lager is receding. Last year the average amount consumed by each of the nation's 61 million men, women and children was "only" 38 gallons. While that would be an astonishing level in most other countries,* it was actually off from the 1976 peak of 40 gallons. Even more upsetting, coffee has replaced beer as the country's No. 1 beverage...