General Electric's corporate defense in the great electrical conspiracy is that the top executives were totally unaware of the shenanigans; the conspiring was done by middle-rank underlings. But last week, as the Senate Antitrust and Monopoly subcommittee, headed by Tennessee Democrat Estes Kefauver, continued its probe into the conspiracy, former G.E. employees told a different story. The witnesses, who were fired after they were convicted of price fixing, swore that former G.E. President Robert Paxton encouraged the conspiracy and that Chairman Ralph Cordiner at least knew about it. From Paxton and...
To continue reading:
or
Log-In
