Albert Foer, founder, president and CEO of the American Antitrust Institute, announced Monday he will step down effective January 2015 after 17 years at the group's helm.
The AAI was launched to promote stronger enforcement of antitrust laws. Foer will be succeeded by AAI vice president Diana Moss, who the AAI said was selected from a "pool of prestigious candidates after a national search."
The AAI, under Foer's leadership, has often been a lonely voice in antitrust circles for more robust enforcement during the past nearly two decades as even Democratic policymakers have accepted the tenets of the so-called Chicago School that has prevailed since the Reagan era. Regulators have largely accepted the school's notion that merger challenges require more than simple measurements of market-share changes. The idea is most associated with the University of Chicago's law and economics departments and many assert that it promotes deregulation and lighter merger enforcement.
Paradoxically, Foer is a graduate of the University of Chicago Law School, where he was an associate law review editor. At the law school he studied under Richard A. Posner and Ronald H. Coase, two leading scholars of the Chicago School.
Recently, the AAI has been calling on the Department of Justice to block Comcast Corp.'s (CMCSA) proposed $45 billion acquisition of Time Warner Cable Inc. (TWC) and questioning the wisdom of letting Sysco Corp. (SYY) go through with its pending $8.2 billion proposed acquisition of US Foods Inc. The AAI also opposed the terms under which the DOJ approved U.S. Airways Group Inc.'s $11 billion purchase of American Airlines Inc. (AAL) last year.