"I didn't expect to get caught. I went to great lengths to conceal my activities so I wouldn't get caught." So, last week, explained a witness before the Senate Antitrust and Monopoly subcommittee as it opened hearings into the shenanigans that led to the conviction of 29 electrical-equipment companies on charges of illegal price fixing. Judging by the speaker-General Electric's L. B. Gezon, former marketing manager of the low-voltage department—and nine other lower-echelon executives, the real fear was not of wrongdoing but of being caught.
Tennessee's Democratic Senator Estes Kefauver, the subcommittee's...
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