Players/The Central Brain

Legal Shield — Why This Is Legal

The Passive Investor Exemption

Clayton Act Section 7: prohibits acquisitions substantially lessening competition. But "solely for investment" exemption shields passive investors — Big Three breach 10-15% HSR thresholds without triggering antitrust.

Also in The Central Brain

The Revolving Door — 84 Officials, 99 MovesAll PlayersThe Antarctic Treaty System — Managing Competition Without Resolution