Word: kefauveritis
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Fish-eyed Frankie Carbo, 56, boxing's undercover czar, took one on the chin in Los Angeles last week. A federal jury convicted the Murder, Inc. graduate of extortion, conspiring to grab a piece of ex-Welterweight Champion Don Jordan's purses and threatening his manager and a...
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...
The 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...
How 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.
"A higher profit than you could get from free competition?" asked Kefauver, dryly.