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Manne & Williamson get results from the FTC and DOJ!
My co-author, Marc Williamson, just alterted me to this section in the recently-published FTC/DOJ Merger Guidelines Commentary (.pdf): Industry Usage of the Word “Market� Is Not Controlling Relevant market definition is, in the antitrust context, a technical exercise involving analysis of customer substitution in response to price increases; the “markets� resulting from this definition process ... Manne & Williamson get results from the FTC and DOJ!
Thank You for Smoking — And (Another) Shameless Plug
I went to see Thank You for Smoking over the weekend, expecting to endure the usual one-sided attack on the business everyone loves to hate, Big Tobacco. I was pleasantly surprised. The film undoubtedly skewers the industry a bit (as when a tobacco executive proclaims, “We sell cigarettes. They’re cool. They’re available. And they’re addictive. ... Thank You for Smoking — And (Another) Shameless Plug
Do Slotting Contracts Harm Consumers?
Warning: shameless plug of my own research to follow! Slotting allowances, or payments for shelf space, have been a central part of my research agenda for the last several years. My work with Ben Klein, The Economics of Slotting Contracts, presents a procompetitive theoretical explanation (and some aggregate data in support of our theory) for ... Do Slotting Contracts Harm Consumers?
BlogBurst Invitation
As discussed in this post, BlogBurst, a new blog syndication service, was launched last week. BlogBurst syndicates articles from hundreds of blogs for use by traditional media outlets who pay a fee to use the service. As I noted in the post, you can apply at blogburst.com to have your blog included in the service, ... BlogBurst Invitation
Exxon’s CEO didn’t really get a $398 million retirement package
There’s been a number of headlines lately (see, e.g., here and here) about the $398 million “retirement packageâ€? Exxon awarded to Lee Raymond, its former Chairman and CEO. A quick review of the underlying proxy statement, however, reveals that the headlines are materially misleading, if not dead wrong. The $398 million number comes from an ... Exxon’s CEO didn’t really get a $398 million retirement package
Ford on Lott v. Levitt and "Replication"
The Lott v. Levitt lawsuit has become a pretty popular topic for bloggers of late (see, e.g., here, here or here). My previous post with links to some earlier blog discussions is here. As many have noted, Lott’s defamation claim comes down to the meaning of the term “replicate.” Pages 133-34 of Freakonomics contain the ... Ford on Lott v. Levitt and "Replication"
E Proxy Proposal and Proxy Contests
As I’ve blogged before (see here), the SEC has recently proposed amendments to the proxy rules to allow issuers and others to furnish proxy materials to shareholders by posting them on the Web and notifying shareholders of their availability (click here for the release). One of the SEC’s justifications for the changes is that “they ... E Proxy Proposal and Proxy Contests
Lott v. Levitt Update
In the comments to my earlier post on the abortion/ crime debate, Bill Barth noted that John Lott had filed suit against Levitt and Harper Collins over statements about Lott’s research in Freakonomics. Here is a brief update. Tim Lambert has a comprehensive summary of the blogosphere reaction to the suit. Ted Frank at Overlawyered ... Lott v. Levitt Update
Six Flags to Reimburse Red Zone Solicitation Expenses
Six Flags’ preliminary proxy statement filed with the SEC earlier this week reveals that its board has agreed to reimburse Red Zone LLC, the entity controlled by Washington Redskins owner Daniel Snyder, for expenses incurred in its successful consent solicitation last fall. Red Zone launched the solicitation to address Six Flags’ continued poor performance and ... Six Flags to Reimburse Red Zone Solicitation Expenses
Robert Reich on the Massachusetts Health Care Plan
Today’s “Marketplace” program on NPR featured a commentary by Robert Reich (audio available here), in which the former labor secretary sang the virtues of Massachusetts’ new health insurance law. Reich emphasized a couple of times that the Massachusetts plan wouldn’t involve any new taxes. That aspect, he said, might make the plan attractive to the ... Robert Reich on the Massachusetts Health Care Plan
SEC Advisory Committee on Smaller Public Companies Meets Tomorrow
The SEC Advisory Committee on Smaller Public Companies will hold a telephone conference meeting tomorrow at 10:00 A.M., E.D.T. “to further consider the draft of the Advisory Committee’s final reportâ€? (the report that recommends, among other things, exempting small companies from SOX 404 compliance). The meeting will be webcast through the SEC’s website. Click here ... SEC Advisory Committee on Smaller Public Companies Meets Tomorrow
New Blog Syndication Service Launched
BlogBurst, a new blog syndication service, was launched today by Pluck Corporation, a startup located in Austin, TX. BlogBurst syndicates articles from hundreds of blogs for use by traditional media outlets who pay a fee to use the service. Per the BlogBurst website: BlogBurst is a syndication service that places your blog on top-tier online ... New Blog Syndication Service Launched
