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Burens asked for six months more time -he thought he could raise and stabilize the prices through better quality and production control-and called in Burke to back up his arguments against price fixing. Burke testified that he told Vinson "it was futile to continue that kind of work -that they [the competition] only made suckers out of us. They used those meetings to find out or to get us committed to quote book prices. Then they could cut below book prices." But Burke says that Vinson replied: "Westinghouse has admitted that they did those things in the past...

Author: /time Magazine | Title: Government: The Price-Fixing Case | 5/5/1961 | See Source »

Lunch in Dining Room B. After the exchange, Burens, Burke, and two other G.E. executives had lunch with Vinson in the plant's Dining Room B. To try to get Vinson on record about price fixing before all four of them, Burke said, "Art, competitors have been after us to meet with them to bring about price stabilization. Do you think we should meet with them?" All four testified that Vinson replied: "Yes, that's all right to meet with them, but don't let it go below the general manager's level...

Author: /time Magazine | Title: Government: The Price-Fixing Case | 5/5/1961 | See Source »

When Kefauver invited Vinson to testify last week, Vinson refused. So Kefauver subpoenaed...

Author: /time Magazine | Title: Government: The Price-Fixing Case | 5/5/1961 | See Source »

...Replied Vinson evenly: "I did not. I know I am under oath, and I make that statement...

Author: /time Magazine | Title: Government: The Price-Fixing Case | 5/5/1961 | See Source »

Kefauver pointed out that Vinson's four accusers had each taken lie-detector tests, which had shown that they were "not falsifying." Would Vinson take...

Author: /time Magazine | Title: Government: The Price-Fixing Case | 5/5/1961 | See Source »

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