Antitrust: Attacking the Giants

Attorney General John Mitchell has gone much farther than any of his pre decessors toward promoting the proposition that bigness in business is intrinsically bad. In June he warned that the Government "may very well" chal lenge any merger between two of the largest 200 U.S. companies. Last week Mitchell proved to be as good as his word. His trustbusters announced that they will file suit to block the planned merger of Harold Geneen's International Telephone & Telegraph, the biggest and one of the best-managed conglomerates, with Hartford Fire Insurance Co. The merger would rank among the largest...

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