Mergers and Economic Concentration: Hearings Before the Subcommittee on Antitrust, Monopoly, and Business Rights of the Committee on the Judiciary, United States Senate, Ninety-sixth Congress, First Session, on S. 600 ....U.S. Government Printing Office, 1979 |
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200 largest acquired company acquired firms acquisitions aggregate concentration American antitrust laws average bill brands capital Chairman Chock Full O'Nuts committee competition concentration ratio concern conglomerate firms conglomerate mergers CONGRESS THE LIBRARY consumer Corp corrugated costs divestiture economic economies of scale effect efficiency enterprises Federal Trade Commission Folger's foreign Government growth Hills Bros impact increase independent inflation innovation Internal Revenue Service investment large conglomerate large firms large mergers largest corporations largest firms legislation linerboard manufacturing corporations Maxwell House measure ment merger activity merger wave mergers and acquisitions million monopoly percent period PERTSCHUK political problems Procter & Gamble profits proposed question result roasters selling Senator BAUCUS Senator HATCH Senator KENNEDY Senator METZENBAUM Senator THURMOND SHENEFIELD significant small business social state-owned statement stockholders studies substantial Syracuse Table takeover testimony tion total assets United Weston
Popular passages
Page 173 - Williamson, Markets and Hierarchies: Analysis and Antitrust Implications. New York: The Free Press, 1975.
Page 40 - Local leadership is diluted. He who was a leader in the village becomes dependent on outsiders for his action and policy. Clerks responsible to a superior in a distant place take the place of resident proprietors beholden to no one. These are the prices which the nation pays for the almost ceaseless growth in bigness on the part of industry.
Page 436 - ... the competition from the new commodity, the new technology, the new source of supply, the new type of organization ... — competition which commands a decisive cost or quality advantage and which strikes not at the margins of the profits and the outputs of the existing firms but at their foundations and their very lives.
Page 140 - Through monopolistic mergers the people are losing power to direct their own economic welfare. When they lose the power to direct their economic welfare they also lose the means to direct their political future.
Page 526 - Dean of the Graduate School of Management at the University of California at Los Angeles.
Page 436 - ... competition which commands a decisive cost or quality advantage and which strikes not at the margins of the profits and the outputs of the existing firms but at Iheir foundations and their very lives. This kind of competition is as much more effective than the other as a bombardment is in comparison with forcing a door...
Page 141 - The economic power in the hands of the few persons who control a giant corporation is a tremendous force which can harm or benefit a multitude of individuals, affect whole districts, shift the currents of trade, bring ruin to one community and prosperity to another. The organizations which they control have passed far beyond the realm of private enterprise — they have become more nearly social institutions.
Page 367 - No corporation shall acquire, directly or indirectly, the whole or any part of the stock or other share capital and no corporation subject to the jurisdiction of the Federal Trade Commission shall acquire the whole or any part of the assets of...
Page 230 - ... company, of (A) voting securities pursuant to a plan of reorganization or dissolution; or (B) assets in the ordinary course of its business; and (12) such other acquisitions, transfers, or transactions, as may be exempted under subsection (d)(2)(B) of this section.
Page 110 - ... anything goes.' As Peter Drucker said: "* " * any accountant worth his salt can convert any profit figure into a loss or vice versa if given control of the accounting definitions all unquestionably 'within the limits of proper accounting practice.