Friday, Apr. 07, 1961
Resignations Requested
When William H. Schiek, a 28-year veteran of General Electric, picked up the phone in his suburban Philadelphia home, he got an unexpected invitation. He was asked to see G.E. Vice President and Group Executive Clarence Linder, and he knew it meant trouble. Schiek, one of 16 G.E. officials in the price-fixing case, had not yet been sentenced because of "ill health." Schiek's explanation of his ill health: "I didn't feel up to par because of this thing."
At the meeting with Linder, Schiek was handed a prepared resignation, which he agreed to sign this week. "It was pointed out,'' said Schiek, ''that our paths were not compatible and that it would be to the best interests of both parties if I'd resign.'' Schiek's resignation completes the record: all 16 G.E. executives are now off the payroll. G.E., said Schiek, indicated that everyone would get severance pay and promised Schiek help in finding a new job. Things are different at Westinghouse Electric. All eleven of its convicted executives are still on the payroll. Said Schiek of his treatment by G.E.: "I'm concerned and unhappy. You become attached to a company after 28 years."
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