Amazing the skeletons some of these old-time companies have in their closets – turns out that General Electric Co Inc has been labouring ever since 1911 under an anti-trust consent decree under which it is bound to sell light bulbs only under its own name: it seems the company had been going around quietly buying up competitors – and disclosure rules in those days were nothing like they are today – you should see the flimsiness and lack of content of IBM Corp’s accounts from the 1920s – and operating a disguised monopoly to keep prices up; now it wants the ban lifted…
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