This Antitrust Chief Won't Burst The Envelope

When the Justice Dept.'s new antitrust chief, Joel I. Klein, approved the $23 billion merger of Bell Atlantic Corp. and Nynex Corp. on Apr. 24, cheerleaders for competition were appalled. "The only thing Justice would use its enforcement authority on is the merger of Jupiter with Neptune," scoffed former New York State antitrust official Lloyd Constantine, one of many critics who believe Clinton Administration trustbusters are asleep at the switch.

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