Personal File: Jun. 16, 1961

∙ "It was a lazy, indolent way to do business," said General Electric's President Ralph J. Cordiner, 61, as he sought to explain to Senator Estes Kefauver's antitrust subcommittee how G.E. executives got started price fixing. But Cordiner coldly rejected Kefauver's suggestion that G.E.'s antitrust violations constituted "corporate disgrace." Said Cordiner: "No, I am not going to say that ... I am going to say that we are deeply grieved and concerned." G.E., he said, was the only one of the 29 companies involved in the great electrical conspiracy to fire its convicted...

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