Business: Personal File: Aug. 11, 1961

∙ "I've seen four fine comptrollers at General Electric and he is the best we've ever had," said Chairman Ralph Cordiner as he introduced G.E.'s new president, Gerald L. ("Flip") Phillippe, 51. Wyoming-born, Phillippe (pronounced Fill-i-pee) joined G.E. right out of the University of Nebraska in 1933, has been principal financial officer of the nation's fourth largest industrial company since 1953. Phillippe is famed inside G.E. for the skill he has shown in reducing the company's complicated financial structure into graphic, simplified systems that he has streamlined by automation. It was this talent—displayed...

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