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Asked by Kathryn Houle on May 21, 2024

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The Celler-Kefauver Act outlawed interlocking directorates.

Celler-Kefauver Act

A U.S. law aimed at limiting anticompetitive mergers and acquisitions by restricting asset purchases and inter-corporate stock purchases.

Interlocking Directorates

A situation where the same individuals serve on the boards of directors of multiple companies, creating interconnectedness and potential conflicts of interest.

  • Determine and understand the regulatory frameworks that manage mergers, market dominance, and competition practices.
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Anthony AmayaMay 24, 2024
Final Answer :
False
Explanation :
The Celler-Kefauver Act primarily aimed to prevent anti-competitive mergers and acquisitions that could create monopolies, not specifically to outlaw interlocking directorates. The Clayton Antitrust Act of 1914 is the legislation that addressed interlocking directorates.

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