CBS Evening News for Tuesday, Feb 15, 1977
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(Studio) Comment is on desire to be big, in government and business
REPORTER: Walter Cronkite
(DC) Reporter notes Carter's orders with regard to non-expansion of government units. Incr. in corporation mergers in recent years noted. At Association for Corporate Growth mtg. in Chicago today,mergers said coming too fast &have gone too far. "Fortune" magazine's list of top 500 corps. had 110 vanish in 1 recent 6-yr. period; top 200 in manufacturing now control same amount top 1000 did at start of WW II; United States Chamber of Commerce estimates by year 2000, few hundred multintl. corps. will own over 1/2 world's wealth, with present trends continuing. New law requiring notice to Justice Department of take-overs took 20 years to enact. Small Business Administration now advises most aspirants not to try small business; trends in farming and newspaper business noted. Comments of Adolph Berle and former Justice William O. Douglas cited.
REPORTER: Eric Sevareid
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