But Nary A Trust To Bust
Pitofsky’s problem is that, since he took over the FTC two years ago, his liberal, big-is-bad instincts have fallen victim to reality. Despite a record 3,000 U.S. mergers last year, he has warily cracked down on only a handful of deals. Perhaps most surprisingly, the FTC is leaning toward approval of the $14 billion merger announced last December between Boeing and McDonnell Douglas, even though the deal would leave America with a single manufacturer of large commercial aircraft....