Neelie Kroes (European Commissioner for Competition)
December 10, 2007
The European Union’s top antitrust official bared her fangs in 2007. Several major companies that have not been prosecuted in the U.S. are finding that they aren’t as lucky in Europe, as the EC prepares cases against Intel, Apple and IBM, among others. This past February, she fined ThyssenKrupp AG over $700 million for conspiring to rig elevator prices, a new record against an individual cartel member. As she said in a recent interview, she is going to “fight like hell” to stop price-fixing and ensure companies get the message, adding she is prepared to raise the fines even further in 2008.
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