Corporations: Resignations Requested

When William H. Schiek, a 28-year veteran of General Electric, picked up the phone in his suburban Philadelphia home, he got an unexpected invitation. He was asked to see G.E. Vice President and Group Executive Clarence Linder, and he knew it meant trouble. Schiek, one of 16 G.E. officials in the price-fixing case, had not yet been sentenced because of "ill health." Schiek's explanation of his ill health: "I didn't feel up to par because of this thing."

At the meeting with Linder, Schiek was handed a prepared resignation, which he agreed to sign this week....

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