Word: lockton
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Dates: during 1960-1969
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...customer anywhere, we wish to make an adjustment." He cited a rash of suits that followed G.E.'s 1949 antitrust conviction for monopolizing electric bulbs. The suits, which totaled $104 million, were settled for $1,395,000. Just in case things go against G.E. Treasurer John D. Lockton told the meeting, the giant electric company at the end of 1960 had cash assets totaling more than $400 million. "We are in excellent financial condition to take care of anything that we see happen," he said. G.E. stock, which had fallen $7. regained more than...