August 16, 2022

Rocky Daily News

Colorado Politics-Sports-Business-Weather

The Justice Department turned Kent Thiry into a guinea pig

1 min read

<

Kent Thiry is a guinea pig. A very rich, very bombastic, big, blond guinea pig.

Last week began the criminal trial of Thiry and DaVita, the company where he served as CEO and chairman of the board. The U.S. Department of Justice has charged Thiry and DaVita with violation of the Sherman Anti-trust Act by conspiring with other companies to avoid hiring senior-level executives away from each other.

There is a lot to unpack in this trial.

Mario Nicolais

First, the Sherman Anti-Trust Act, the bill codified in 15 U.S. Code § 1, has been around awhile. Congress passed the bill in 1890 as a response to the hoarding of corporate power wrought by America’s Gilded Age. It makes it a felony to contract or conspire in restraint of trade or commerce.

For example, John Rockefeller’s Standard Oil

Mario Nicolais

2022-04-10 03:04:00

All news and articles are copyrighted to the respective authors and/or News Broadcasters. RockyDailyNews.Com is an independent Online News Aggregator


Read more from original source here…

Leave a Reply

Copyright © All rights reserved. | Newsphere by AF themes.