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From the moment he took control of Westinghouse
in July 1990 as chairman and CEO, Paul Lego was confronted by bad news, as mounting losses
in the financial services division clamped around the company like a vise. Lego was forced
to lay off people, sell off divisions and write off billions of dollars in bad loans, as
analysts lowered the company's ratings and the stock price plunged.
Photo by: Emily Ayars/Post-Gazette
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