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1. Robert Crandall, president of American Airlines, calls Howard Putnam, president of Braniff Airways, and suggests they collude to raise prices. Crandall proposes that Braniff raise its fares 20% and that American will raise its fares the next morning, allowing both airlines to increase profits. 2. Putnam informs Crandall they cannot discuss pricing and gives a recording of the call to the Department of Justice, who files an antitrust suit against Crandall. Crandall later settles with restrictions on bus
- Author
- Mary lord Aclan
- Language
- EN