The Federal Trade Commission recently announced that Richard Feinstein, a partner at Boies, Schiller and Flexner LLP, has accepted the position as Director of the Bureau of Competition at the Federal Trade Commission. The FTC has two primary internal organizations: (1) the Bureau of Competition, which enforces antitrust laws and (2) the Bureau of Consumer Protection, which enforces consumer protection laws. As Director of the Bureau of Competition, Mr. Feinstein will oversee the antitrust enforcement arm of the FTC and help dictate federal antitrust enforcement policy. This will be Mr. Feinstein’s third “tour of duty” as an antitrust enforcer with the government. He started his career within the Department of Justice’s Antitrust Division and served as Assistant Director of the FTC’s Health Care Shop from 1998 – 2001.
Mr. Feinstein is an excellent choice for the Bureau of Competition Director. While at Boies, Schiller & Flexner, the founding partners of Kotchen & Low worked closely with Mr. Feinstein, and Daniel Kotchen reported to Mr. Feinstein at the FTC from 1998 – 2001. Mr. Feinstein is smart, experienced, fair, funny, and a terrific manager. Under Mr. Feinstein’s leadership, antitrust enforcement will be fair and balanced and morale within the FTC’s Bureau of Competition will be high. The one downside of his appointment is that FTC insiders and others who interact with him will have to suffer through Mr. Feinstein’s ardent and vocal support of any team from Pittsburgh: the Steelers, Penguins, Pirates, and Pitt Panthers.