To the stockholders of General Electric, Chairman Ralph J. Cordiner clearly had some explaining to do about the conviction of 16 executives for price fixing (see below). As the company's 69th annual meeting convened in Syracuse last week, Cordiner got right down to it, and with no apology in his voice. "It has been said by some." he said, "that I, as chairman and chief executive officer, either knew of these violations and condoned them or that I was derelict in not knowing of them." Neither is true, said Cordiner. "We were diligent in the light of the facts as...
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