sb "It was a lazy, indolent way to do business," said General Electric's President Ralph J. Cordiner, 61, as he sought to explain to Senator Estes Kefauver's antitrust subcommittee how G.E. executives got started price fixing. But Cordiner coldly rejected Kefauver's suggestion that G.E.'s antitrust violations constituted "corporate disgrace." Said Cordiner: "No, I am not going to say that ... I am going to say that we are deeply grieved and concerned." G.E., he said, was the only one of the 29 companies involved in the great electrical conspiracy to fire its convicted employees, because it was the only one with a written rule against price fixing, and "enforcement of the rule was essential if we were to have compliance in the future."

sb To the surprise of many a banker, Governor Nelson Rockefeller appointed Non-Banker Oren Root, 50, to be New York's new state banking superintendent. Energetic Lawyer Root, who, at 28, helped set off the Willkie-for-President boom, is a grandnephew of Elihu Root, Secretary of State under Theodore Roosevelt, and a son-in-law of Movie Magnate Spyros Skouras. Under New York's new Omnibus Banking Law, Root will rule on the merger applications of some of the world's biggest banks.

sb For Mieczyslaw Stephen Szymczak (whose calling cards explain, "pronounced Simchak"), a change in employers brought no change in function. Appointed by F.D.R. in 1933, Chicagoan Szymczak, 66, served on the Federal Reserve's board of governors for 28 years--a record bound to last, since governors of the Fed are now limited to a single 14-year term. Szymczak resigned to become a consultant to C. J. Devine & Co., dealers in Government securities. At Devine he "will simply explain what is going on in the economy . . . I don't claim to know the answers, but I know the walks up to the answers. This is really what I have been doing all these years."

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