Word: cresap
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Dates: during 1960-1969
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...small town in West Virginia; Glory's voices are those of its citizens, living and dead. One by one they speak to the reader in eerie, faceless confrontation, telling their stories and the story of the novel's heroine, an embattled Public Health Service nurse named Marcy Cresap...
Before the Senate subcommittee investigating the great electrical price-fixing conspiracy, the boss of the nation's second biggest electrical company last week was both contrite and positive. Mark W. Cresap Jr.. president of Westinghouse Electric Corp., denied any personal knowledge of the conspiracy, but accepted his "share of the responsibility" and promised to make "law abidance, ethical business conduct and integrity the way of life at Westinghouse." Cresap's reaction to the whole "sorry" episode: "I hope the long-run results will be constructive and wholesome for the entire industry." Coals & Cricket. By the time Cresap...
Armed with this information, Kefauver asked Cresap, who was hired by Westinghouse in 1951 after serving the company as a management consultant, if he had ever investigated his own motor division. He had not-nor had he thoroughly investigated the four Westinghouse departments involved in the heavy-equipment conspiracy, or even spoken with his convicted executives about their part in it. When both Kefauver and Michigan's Senator Philip Hart questioned how Westinghouse could effectively plan to prevent recurrences if it had not made a detailed investigation of the past, Cresap insisted: "I am not making a thorough investigation...
...Free Forces. In the coals that Kefauvers committee was raking over were the identical prices quoted by G.E. and Westinghouse for a huge generator neither had ever built. To Cresap, this was "merely the free working of economic forces in the market"; both he and his competitors had to meet one another's prices. Such list prices were only used as a base point, said Cresap, and could change in sealed bids. To refute this, Senator Kefauver cited the case of sealed identical bids submitted by G.E. and Westinghouse on a generator ordered by the Tennessee Valley Authority. When...
...could they do that, asked Kefauver, without talking it over? Replied Cresap: "I expect there is a very rational answer to that question." But what that answer might be, he confessed he did not know...