Word: antitrust
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Dates: during 1980-1989
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...Loyal Servant: Vice President and General Counsel Daniel Steiner '54 takes his loyalty to Harvard seriously. Very seriously. So while University administrators nationwide have complained that a massive federal antitrust probe is costing them thousands of dollars in legal fees, Steiner said he would gladly bear the brunt of that cost himself. "The legal costs come out of my budget, so my family won't be eating for a while," Steiner said with a laugh. "But that's all right. Anything for Harvard...
There aren't a whole lot of things Harvard administrators know for sure about the ongoing Justice Department antitrust investigation of more than 50 schools nationwide...
...charges, based upon federal antitrust statutes, raise the spectre of collusion and the abuse of power--intentional or not--by some of the nation's most respected institutions...
Officials at all four schools said their respective institutions would cooperate with the probe, and all denied the allegations that they violated antitrust laws...
...federal department announced in August that it was investigating possible antitrust violations in the establishing of tuition and financial aid at the schools...