I stand corrected...from what I understand, Fred Franz did get baptized as a JW.....and here are some of the details, taken from Raymond Franz's book "In Search of Christian Freedom", page 115.
"Initially among Bible Student's in Russel's day, no issue was made as to one's having been baptized while affiliated with one of the various Christian denominations. The only question was whether one understood the meaning of baptism and whether this was by immersion.
(I recall my uncle, Fred Franz, when already the Watch Tower's vice president, remarking to me that if his baptism in the Presbyterian Church had been by immersion (rather than sprinkling) he would have considered it still valid.)
That remained the case for over seven decades. As late as the July 1, 1955, Watchtower (page 412) it was stated that rebaptism was necessary only if the "previous baptism was not in symbol of a dedication" or if it was not by immersion.
The same 1955 Watchtower (page 411) also said in part that "A Christian...cannot be baptized in the name of the one actually doing the immersing or in the name of any man, nor in the name of any organization, but in the name of the Father, the Son and the Holy spirit."
Well, since 1985, everyone that gets baptized does so into an earthly organization, against what's stated in the bible.
Peter Stride
Toronto, Canada