Regardless of which political party wins a presidential election, the election cycle coincides with turnover in the leadership of federal agencies. This year is no exception. As President Barack Obama prepares for his second term, antitrust enforcement agency changes include the announced departure of Acting Assistant Attorney General Joseph Wayland and the rumored departure of Federal Trade Commission (FTC) Chairman Jon Leibowitz. These leadership changes, however, are unlikely to lead to any change in President Obama's approach to antitrust enforcement.