Business: After the Great Conspiracy

General Electric's Chairman Ralph J. Cordiner last week gave his verdict on the great price-rigging conspiracy in the electrical equipment industry. Before a packed $7-a-plate dinner meeting of the New York Society of Security Analysts, he said: "We don't think anybody's been damaged."

Cordiner said he had talked to more than a score of Government officials and officers of private utility companies that had been victims of the nine-year-long bid-rigging conspiracy by G.E., Westinghouse and 27 other companies, and "I've yet to encounter the first man who said, 'Cordiner, we've got a complaint,...

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