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Show meeting part of the meeting is devoted to a presentation by one of the principal officers on the operations under his immediate jurisdiction, this task being performed at the last meeting by Dr. Charles Reed, the group executive in charge of the Components and Materials Group. Secondly, it is provided through the field trips that the Directors take twice yearly where the members of General Electric management at the locations being visited make their special presentations. In the last three trips we have visited Phoenix, Oklahoma City, Dallas, Cincinnati, and Louisville. The third exposure is through the dinner given by the management people for the G. E. Directors and occasionally a special function thrown in like a golf game and stag dinner together at Blindbrook. Let me return to the very healthy relationship that exists between the G. E. Board and the President and the Chairman, which is born of mutual respect for each other. In contrast to some companies where management considers the Board either as an unavoidable evil imposed on it by law, or as a rubber stamp group that should be given as little information as possible in order to get them to approve what is put before them, the G. E. Directors are given the feeling that management really wants and heeds their advice, seeking it, welcoming it, and being guided by it. By the same token the Directors feel that the President and the Chairman and the members of their offices are extremely capable and trustworthy men, chosen from one of the ablest management groups ever assembled on the American industrial scene. Therefore, the Directors, having full |