MONOPOLIES: Question Answered

Bald, well-nosed Lord McGowan, 69, has sometimes been called the dictator of British industry. An office boy who rose to chairman the gigantic Imperial Chemical Industries, Ltd., he is also Britain's most persuasive and outspoken champion of cartels. To touring U.S. bigwigs, Lord McGowan has deprecated the U.S. antitrust acts. Hopefully he has asked if and when they would be repealed. Last week, Lord McGowan got his answer.

He and his company were named in an anti-trust suit filed by the U.S. Department of Justice. Named with him were 1) I.C.I.'s deputy chairman,...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!