A-B’s Legal Leverage

Have you ever noticed that successful companies have an overriding strategy, a specific reason for their growth, that they exploit until the market changes and their reason for growth is no longer valid? Here in San Antonio, we have Clear Channel Communications, which took advantage of looser FCC regulations in the early 1990s and bought up radio stations all over the country and utilized their synergies. AT&T's strategy was local and long-distance value-added phone services. Valero's strategy was to buy