Word: thurman
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...trustbusting eye of the Justice Department's Thurman Arnold, this spread between farm and shop prices has looked wide enough to drive a good big Sherman Act investigation into. Last week, Arnold served notice on the food industry that the investigation was under way. First up for scrutiny were 18 "situations," ranging from fruits to fish. Sample complaints: that in some places bakers' associations kept prices a cent a loaf too high; that packers in one city upped prices an average of 5? a pound by fixing slaughtering quotas...
...industrious. 130-lb. president, Lingan Alan Warren. "When you get wide spreads you are vulnerable," Warren once said. "That is why Safeway does not believe in making too much profit on any one thing." It was also, as events turned out, insurance that Safeway need feel no qualms when Thurman Arnold's men get to Colorado...
Probed further on price philosophy, FORTUNE'S Forum tossed a cautious but impressive bouquet to Trustbuster Thurman Arnold. His statement that "The first concern of every democracy is the maintenance of a free market" brought 58.7% agreement (27.7% in toto, 31% in part), with utility and railmen again lagging behind. Asked to make a choice between General Johnson's defunct NRA pro-price-fixing policy, and the Arnold anti-price-fixing program, the Forum gave Arnold the edge: NRA, 22%; Arnold, 33%; "depends," 45%. More striking were its views on particular prices. A clear majority (from...
Meanwhile Trustbuster Thurman Arnold joined the fray, charged the producers with "harsh, onerous and unfair trade practices," indicted Hollywood's Big Eight (Loew's, Paramount, Warner Bros., RKO Radio, 20th-century Fox, Columbia, Universal, United Artists) under the antitrust laws. His announced objective was to divorce production and distribution, make the big producers ' give up their 2,400 theatres. Last spring he called the industry a dictatorship, insisted it must be reorganized. While independent exhibitors cheered, the Big Eight sent their lawyers to Washington...
...address the twelfth annual Boston Conference on Distribution, arched her back. "That man," she hissed, "tell him to stop smoking that cigar! The timbre of my voice-I shall not be able to speak." Tiptoeing up to the offending guest, flustered hosts persuaded trust-busting Assistant Attorney General Thurman Arnold to quash his stogie...