Loterre: SAGE: great electrical equipment conspiracy

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great electrical equipment conspiracy

IN SEPTEMBER 1959, the U.S. Senate began committee hearings into allegations that the largest electrical-equipment makers in the United States were conspiring to fix prices. Among the manufacturers were major providers General Electric, Westing-house, Allis Chalmers, Federal Pacific Electric, and smaller companies including ITE Circuit Breakers, AB Chance, Southern States Electric, and Cutler Hammer.Since the 1940s, General Electric had feared competition—and had already accrued a long list of violations. [Source: Encyclopedia of White-Collar & Corporate Crime; Great Electrical Equipment Conspiracy]

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