Interlocking Clause

See: Interlocking Directorates.

The "clause" here has nothing to do with the big jolly fellow. Rather, it spells out how interlocking directorates are defined.

And that fine pencil point matters. One can imagine that clever lawyers could help install those friendly-to-whatever-evil-mastermind is trying to take over the world...but who are juuuust outside of what normative laws would define as being "affiliated," such that the boards of directors are interlocked.

The goal was to achieve a kind of level playing field and fair practices...in the U.S. And that's a problem, because other countries view interlocking directorates as an asset, not "an enemy of the people." So other countries, more or less, view corporations as being their entire country in a smackdown against the rest of the world. And as the world turns, it'll be likely more and more challenging for the U.S. to compete against forces and resources vastly larger than any one American company.

But for now, we have The Clause. No ho ho.