The Road Back

Collusive as they once may have been, General Electric and Westinghouse have gone their separate ways in treating executives involved in the great electrical price-fixing conspiracy. Westinghouse kept on its indicted executives at their old jobs and salaries, arguing that "no further penalties would serve any useful purpose.'' G.E. forced out all 16 of its indicted executives and demoted some 30 others involved. Last week three cashiered G.E. executives found new bosses.

William S. Ginn, 45. former G.E. vice president and the highest G.E. officer to be indicted (he got 30 days in jail), became assistant to the president of Philadelphia's Baldwin-Lima-Hamilton Co., in charge of new-product research. He obviously took a hefty pay cut from his former G.E. salary of $125,000, since Baldwin's President McClure Kelley himself gets a mere $76,200. Lewis J. Burger, 49, a G.E. division manager before he went off to jail, was elected president of LeTourneau Westinghouse Co., a subsidiary of Westinghouse Air Brake Co. that makes construction and earth-moving equipment. Frank E. Stehlik, a G.E. general manager who got a suspended sentence, was hired by Philco Corp. as manager of its communications and weapons division. Two other indicted G.E. executives have also landed jobs, and one has retired. Ten ex-G.E. men are still searching for companies that will let bygones be bygones.

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