Word: orrick
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Appearing before the ICC, Assistant Attorney General William H. Orrick Jr. surprised his listeners by attacking the Pennsy-Central proposal as a blow against "beneficial rail competition." Basing its stand on a report of a presidential advisory group on mergers, the Administration argued that the two lines should remain separate so that each may serve as a framework for future consolidations with smaller carriers. The smaller carriers would probably include the New Haven and the Boston & Maine, which are both in such a sorry state that no one wants to merge with them...
...Just Forget It." The trustbusters' increased powers are in the hands of a new chief who pledges to wield them firmly but carefully. "I feel strongly that we shouldn't abuse our power," says Assistant Attorney General William Orrick Jr., 47, who took over the Justice Department's antitrust division this spring after serving in the State Department and as boss of Justice's civil rights division. Orrick followed Trustbuster Lee Loevinger, who filed a record 92 antitrust cases in 1962, irritated businessmen with his militancy and did not get along with Bobby Kennedy...
...small but powerful division (300 lawyers, $6,600,000 budget) that Bill Orrick took over is well aware of its expanded powers. In the Brown Shoe case, the Supreme Court last year dealt a blow to corporate lawyers who thought that antitrust action could be directed only against a large concentration of power. It ruled that a merger between Brown and the Kinney retail shoe chain had to be broken up because it might result in restraint of trade-even though it involved only 5% of the U.S. shoe business. Last June the court went further and ruled that...
...Fulbright: "Mr Orrick, we are very pleased to have you here...
...Orrick...