An Explanation of Why Two Directors Resigned from the Live
Nation Board of Directors to Resolve Antitrust Concerns
Every year as part of the update of various regulatory
thresholds, including the much more closely watched HSR thresholds,
the Federal Trade Commission (FTC) revises the Clayton Act Section
8 thresholds, which prohibit a person from serving as a director or
officer of two competing corporations (known as an interlocking
directorate, interlocking boards or interlock). Currently, the
Section 8 prohibition is triggered if each corporation has capital,
surplus, and undivided profits aggregating more than $37,382,000
and each corporation's competitive sales are at least
$3,738,200, unless they qualify for a safe harbor.
