9, No. 34 The Voice of GE,
Aug. 24, 1962,
Local 301 _
Workers,
-. Bldg, 109 as a
STATE AND NATIONAL CONV
ENTION DELEGATES ELECTED
Although it was a hot and muggy day, there was a large turnout. for
Monday's membership meetings.
Members of Local 301 once again exere
ised -
their democratic right and elected Ponwenre Lon Delegates by secretib
€
Elected to represent our Local
Convention, to be held in Cleveland
_2ist, were Leo Jandreau, John Shambo, Joe Mangine, C
“and Mike Santore.
ray
at the 10th IUE Gonstl tutional
from September 17th through the
Charles Brothers
Those eleéted to attend the
DIANN BARBER WINS LOCAL 301
SCHOLARSHIP AWARD
Diann Lee Barber was awarded
the Fourth Annual Scholarship spon=
sored by IVE Local 301, in. the
‘amount of one thousand dollars.
Presentation was made at the reg-=
ular monthly Membership Oo Lee
of Local 301 on August 20, 1962
Also attending Monday night's
meeting were Paul Graziade and 8
Robert Wilock, the first and third
year. winners, John Whitehouse,
our 2nd year winner, was unable to
attend,
te
‘
_ Diann is the first female
student to win this award, She is
a graduate of Mchonasen Céntral :
High School and resides at 2229 °
Ghents ‘Road in Schenectady. | Her
father, Kenneth Barber, is a member
of Local 30] and; is employed in
Machine Operator.”
Diann has been accepted at Cornell
University. Sats ee
a
©
As in previous years, ‘Local
30] invited high ranking educators
of tnis area to assist in the re-
view of the scholastic standings: .
of all applicants for the scholare
ship award, Robert Murray, Supt.
of the Schenectady School System,
and Alton U, Farnsworth, who is ,.
Supt. of the Guilderland School |
System, located in Albany County,
assisted in the selection.of the.
1962 winner,
Ce
The Scholarship Committee of.-
Local 301 wish to thank all our
members who helped make this award
“possible by their generous con-
, tributions The Committee is come-
posed of Board | Members Masterson, |
land Pat Lombardi.
New York State “AFL-CIO Convention
were John.S bo, William Mastriani
Leo Jandreau will
attend the State Convention as the
elected delegate of the Schenectady
Central Labor Council, of which he.
is president, .
* Pameppe pt poten
eee ENDORSE pe LLReD
The members of Local 301 unan-
imous ly endorsed the Resolution
adopted by The Retired Workers of
America, condemning the action of
a large group of doctors who have
banded together and publicly. threaten’
that if Medical Care for The Aged
through Social Security. is enacted
into Law, they will refuse to abide
by it and even ignore it, * .
The R esolution alse calls: for -
a bonateasionate investigation of
the constantly increasing’ cost of
doctors and hospitals,
fener a rere
THANK_Y YOU, LOCAL 301
“by” Hugh. “Gaylord”
« © have ‘been ‘employed by IUE
Local 301-for 12 weeks; having been
hired in the belief that through
employment such as this, I would he
able to obtain a. comprehensive view
of the Labor Movement. The reason
I was considered for a position of
this-type is.that. I am presently a
senior, studying Labor and Indus-
trial Relations, at the Univers ity
of Buffalo, ;
.s . In a Local such as this, one
cannot help but to be impressed with
its operations, Its leadership, as
you all well know, is nationally
Nejman, Korszun and Di Lorenzo,
b
(cont'd, reverse side)
Je
- WHO PAYS “FOR MISTAKES? —
When an employee in the’ hour-.
ly. rated. group makes,an error ‘or
», even.a “mistake in judgement", he
pays one way or the other
vision sees to this,” :
«disciplined or he does the’ j
over again, © abe
We feel that since management
practices this method to stop «
errors and "mistakes in judgement",
it should apply to-all the em=,) .
ployees of General Electric includ-
.ing the 1100 members of the re-
stricted Stock Option Plan. ;
There was a major "mistake in
judgement" made, which has re-
sulted in fines totaling 7.7
million dollars (7,4°million to the
Federal Government and .3 million
¢
held to-be d d-among 1100 par«-
ticipants, ast assume that
these blocks of stock are reserved
for doing a superb job and not wn
making “mistakes in judgement"! —
Loos G home a GF
« If the payees of these fines
would take the stock from, this. “
"layaway" plan, we think it would
be more fair than to lower the rate
paid to stockholders who do not.
happen to be in the restricted |
Stock Option Plan Club, - .
177,583 shares out of the
345,263 shares that were "laid away’
in 1953, which incidentally was a.
good year to "lay away" almost two
million shares at $23
the 7.7 million in fines, (The
profit on each share of stock at
a selling price of $67,25, as of ©
8/15/62, is $43.36.) This means
that the only losers, if they can -
be considered losers, would be
those who: made the "mistake in
judgement™ and not the ordinary
stockholders who do not enjoy the
_ advantages of this restricted Stock
~ Option Plan, = © : ee
a
¢
DID YOU KNOW? °°
That fees for medical care have
soared 47% since 1950, as opposed
to 23% for the combined cost of all
items listed in Consumer Price Index
- Hospital rates have almost doubled
and these. costs.are expected to con-
tinue to increase at the rate of
8 to 10% per year, ‘a
Doctors? fees have jumped 39%
and the cost of drugs and medicines
“has climbed about 20%,
These statistics are reason -
“enough to justify health-care for
our senior citizens. through Social
Security, es
-
a
LOCAL 301 (Cont'd.)
THANK YOU,
famoussfor its scund.unionism,* and, —
if .dumight add, rightly so, In.
Mr, Jandreau, you have one of the
‘Imost'.intelligent léaders on’ either
‘|side of the bargaining table.
One:.
outcome of my-experiences, I fear, —
is that because I have observed this
Local, which is so far superior .to -
those that are studied in, school,
that many of my observations,which® o
I will’ relate at the University,
will .sound more idealistical than
factual to my instructors,
- I would like to take this oppor-
tunity to thank each and every. mem=
ber of Local 301.for the wonderful
experience they have provided for ©
me this. summer, . This experience has
been the most interesting and ed-= .
ucational of my life, for I have been
provided the opportunity to be a part
of the Labor Movement, To me it is
the foundation of my education, .
@ &,
I wish? to especially thank. ..¢
everyone in the Union Office. The
kindness, patience.and understanding
that they have shown to me could
never.be matched. Space does not
allow me to mention specific names |.
or.events for they are so numerous,
‘but to all I sincerely thank you! —
I would also like to ‘thank the var-
ious. company personnel who'were also
very gracious to mé, ° ee
© During my stay I was afforded
the opportunity to participate and
6bserve all the various union funct-,
ions. These included the Board and
Membership meetings, the District #3
meeting, the grievance meetings in
récords and actounts. The experience
gained throughythese will be in-. .
valuable throughout my life, I have;
kept detailed accounts-on all of the
activities: that I have cbserved in.
order that I may more clearly ex-
plain the Labor Movement in its true -
light’ to my. contemporaries at the
oa
University. ~
a
°
‘. © “In conclusion, I wish to say”
that I appreciate this opportunity .
given to me to gain-a deep under-
standing of the values and true-
worth of the Labor Movement, Perhaps
“the realization I have gained of your
problems and your goals will enable
me some day to make a contribution
toward its good,
LABOR DAY MASS TO BE HELD
- The llth annual Labor Day Mass -
for deceased members of Local 301 and
employees of Schenectady G.E, will
be held at the Shrine in Auriesville
fon Sept. 3rd, at 4:15 p.m, Father
Joseph Lamanna will speak on Labor
Management Relations. The annual
event is sponsored by the Young
[Christian Workers.
ge
“4
va
all departments, the various meet-. °° .¢°)
tings of every nature, as well as
89, -would. pay|complete access to all-of the Union’
