Linked by Thom Holwerda on Wed 5th Dec 2012 18:05 UTC
"The European Commission has fined seven international groups of companies a total of EUR 1,470,515,000 for participating in either one or both of two distinct cartels in the sector of cathode ray tubes. For almost ten years, between 1996 and 2006, these companies fixed prices, shared markets, allocated customers between themselves and restricted their output. One cartel concerned colour picture tubes used for televisions and the other one colour display tubes used in computer monitors. The cartels operated worldwide. The infringements found by the Commission therefore cover the entire European Economic Area. Chunghwa, LG Electronics, Philips and Samsung SDI participated in both cartels, while Panasonic, Toshiba, MTPD (currently a Panasonic subsidiary) and Technicolor (formerly Thomson) participated only in the cartel for television tubes." The EU can do good things.
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Features
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2005-07-10
I wonder if it's even the same people who are fined as those who made the cartel in the first place. Those responsible are probably going free.
1996 was 16 years ago.