Slashdot Mirror
EU Issues Largest Antitrust Fine to Date for CRT TV Price Fixing
hankwang writes "The European commission fined a number manufacturers for pricing fixing of cathode ray tubes in the period between 1996 and 2005. The total fine was EUR 1.47 billion (USD 1.92 billion), for Philips, LG Electronics, Samsung SDI, and three other firms. According to the European Commission: 'For almost 10 years, the cartelists carried out the most harmful anti-competitive practices including price fixing, market sharing, customer allocation, capacity and output coordination and exchanges of commercial sensitive information. The cartelists also monitored the implementation, including auditing compliance with the capacity restrictions by plant visits in the case of the computer monitor tubes cartel.'"
None of those manufacturers are in the US and any Asian company is all about lying, stealing, and cheating their way to a profit. They're taught to operate their business that way because they have no ethics or morals when it comes to money. Maybe you missed that corporate spyware espionage story a couple stories down?