CORPORATIONS: The Knife

Like a nation preparing for war, the mighty Du Pont empire had been carefully preparing its defenses and enlisting allies for a momentous struggle to keep its empire intact. Only two weeks ago, it split its high-priced stock ($179), thus bringing its price down to $45 so that smaller investors could buy it, and, in effect, become Du Pont's allies. Last week, the expected assault began. Attorney General Tom Clark filed an antitrust suit in Chicago's Federal Court to break the $1,585,000,000 Du Pont holdings into at least four pieces. It was...

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