Blackstone, Apollo, KKR Probed on Overlapping Board Seats

The video discusses a Justice Department investigation into interlocking directorates, where individuals sit on the boards of competing companies, potentially reducing competition. Antitrust laws, established in 1914, prohibit such practices, but enforcement has been sporadic. The last major enforcement was in 2009-2010, involving Google and Apple. The Justice Department is now concerned about the prevalence of this issue in sectors like technology and healthcare, as it may harm consumers by reducing competition and keeping prices high.

What are interlocking directorates and why are they a concern for the Justice Department?

What is the significance of the antitrust laws that were passed in 1914?

What actions did the Justice Department take regarding Google and Apple in the past?

Can you explain the implications of having directors on multiple boards in competing companies?

Which sectors are mentioned as being of particular concern to the Justice Department regarding antitrust issues?