Product details

By continuing to use our site you consent to the use of cookies as described in our privacy policy unless you have disabled them.
You can change your cookie settings at any time but parts of our site will not function correctly without them.
Case
-
Reference no. 395-004-1
Authors: Joseph Wolfe (University of Tulsa); Joann Babiak (University of Tulsa)
Published in: 1995
Length: 31 pages
Data source: Published sources

Abstract

General Electric has been manufacturing artificial industrial diamonds since the mid-1960s. In doing so it has challenged the DeBeers diamond cartel for market share. In 1992 Ed Russell claimed he was fired by GE for divulging a price-fixing scheme between his employer and DeBeers. GE claims it fired Russell for poor executive performance. Based on Ed Russell''s allegations the United States Anti-Trust Division also began proceedings against General Electric. As the trials develop many unsavoury details about GE''s operations are divulged as the company attempts to defend itself and to protect the reputations of the various executives accused of wrong-doing.
Location:
Size:
USD4.3 billion sales, 274 factories, 26 countries

About

Abstract

General Electric has been manufacturing artificial industrial diamonds since the mid-1960s. In doing so it has challenged the DeBeers diamond cartel for market share. In 1992 Ed Russell claimed he was fired by GE for divulging a price-fixing scheme between his employer and DeBeers. GE claims it fired Russell for poor executive performance. Based on Ed Russell''s allegations the United States Anti-Trust Division also began proceedings against General Electric. As the trials develop many unsavoury details about GE''s operations are divulged as the company attempts to defend itself and to protect the reputations of the various executives accused of wrong-doing.

Settings

Location:
Size:
USD4.3 billion sales, 274 factories, 26 countries

Related