Word: switchgear
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...billion) raised fears of monopoly both within and outside the electrical industry. The new firm would rank among the world's five biggest electrical companies, accounting for 90% of Britain's output of railway locomotives and up to half of the country's turbo generators, switchgear and transformers. The potential of the new combine's market domination prompted executives of Plessey Co. Ltd., a smaller electrical firm, to denounce the merger as a competition-stifling monolith...
...million made it West Germany's biggest private company, the Argentine nuclear plant will be its fifth -and its first outside the country. It marks the latest foreign victory for an expansionist-minded organization with 95 subsidiaries that include a cable factory in India and a railway-switchgear plant in South Africa. When the company built a hydroelectric plant in Afghanistan, it not only trained mechanics in Germany to run the operation but also erected the electrical and telephone system powered by the plant. Its 300 series computer runs steel mills in Red China, and its electromedical equipment...
Contacting Competitors. The man who implicated Cordiner is George E. Burens, 55, company vice president who was sentenced to 30 days in jail and then lost his job. Burens testified that when he took over the switchgear division in 1951, he was briefed by Henry Van Erben, then G.E. executive vice president. According to Burens, Van Erben told him that the "only way to operate the apparatus business was to meet with competitors and set prices." When Burens balked-he opposed price fixing primarily on practical, not moral, grounds-and asked about the company's anticollusion policy, Van Erben...
Clarence Burke, 55, formerly head of the high-voltage switchgear department in null division (he got a 30-day suspended sentence), testified that in 1957 he got a telephone call from W. V. O'Brien, a top G.E. sales executive, who said that "he had been ordered by Mr. Paxton to bring about price stabilization." Price stabilization, explained Burke, "meant to contact competitors and get agreements on price...
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