MANAGEMENT: Payola at Chrysler (Contd.)

The troubles of the harassed Chrysler Corp.—which burst into public view with the forced resignation of President William C. Newberg for profiting from suppliers' sales to Chrysler—showed no sign of letting up. Last week Chrysler reluctantly admitted—ten days after the fact —that another Chrysler employee, John E. Ruedisueli, a purchasing agent, had been fired for a "violation of company purchasing policies." After Newberg's ousting, company lawyers and accountants began an investigation of other Chrysler executives. Presumably more firings are to come.

For some stockholders, Chrysler's management was not moving fast enough. Three of them filed suit last week asking that...