 Applied to corporations which deal with each other, it tends to disloyalty and to violation of the fundamental law that no man can serve two masters. In either event it tends to inefficiency; for it removes incentive and destroys soundness of judgment....  Other People's Money: And how the Bankers Use it - Page 41by Louis Dembitz Brandeis - 1914 - 223 pagesFull view - About this book
 | 1914 - 620 pages
...D. Brandeis in the following language: The practice of interlocking directorates offends laws, buman and divine. Applied to rival corporations, it tends...competition and to violation of the Sherman law ; applied 1o corporations which deal with each other, it tends to disloyalty and to violation of the fundamental... | |
 | United States. Congress. House. Committee on Banking and Currency - Banking law - 1971 - 1010 pages
...McClean who p«itOTtne4 — tin the study and an anonymous re/eree for his helpful suggestions. . t& V\ie The practice of interlocking directorates is the root...human and divine. Applied to rival corporations, it tend to the suppression of competition and to violation of the Sherman law. Applied to corporations... | |
 | United States. Federal Trade Commission - Competition - 1978 - 1030 pages
...the matter on a motion for summary decision.11 S&L/Bank Interlocks as an Unfair Method of Competition The practice of interlocking directorates is the root...of competition and to violation of the Sherman law. L. Brandeis, Other People's Money 51 (1914). It is beyond cavil that if conduct "runs counter to the... | |
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