LABOR: The Splendid Settlement

Over the past few years, few contract negotiations in U.S. industry have been as bitter and bumpy as those between General Electric Co. and the C.I.O.'s International Union of Electrical Workers. With out fail, the I.U.E.'s trigger-tempered Boss James B. Carey peppered the company with shouts of "chiseling," called its offers a "sham" and "an obvious trap." Once, in a crescendo of rage, he bellowed that G.E. was an "aid and ally" of the Communists. Usually G.E.'s negotiator, Vice President Lemuel P. Boulware, gave every bit as good as he got.

This...

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