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Who killed Westinghouse? Logo
Stories by Steve Massey * Illustration by Daniel Marsula
kirby.jpg (2746 bytes) Robert Kirby
1975 Westinghouse sued by 27 utilities after reneging on uranium supply contracts. Sells Econo-Car car rental agency and 45 percent stake in French nuclear-plant builder Framatome.
1976 Company sues Gulf and 28 other uranium producers, alleging illegal cartel. Phases out mail order and record club business and plans to exit TV tube and pre-stressed concrete businesses.
1977 Broadcasting division introduces "Evening Magazine" and "I-Team" investigative reports.
 
1978 Douglas Danforth named vice chairman and chief operating officer. Public Service Electric & Gas, of New Jersey, cancels off-shore nuclear plant order. Receives its last domestic plant order from Commonwealth Edison, which was later cancelled.
1979 Estimates total costs of uranium supply lawsuit settlements at $949 million pretax and $493 million after-tax. Devotes full page of 1979 annual report to country's dependence on foreign oil. Three Mile Island and "The China Syndrome" frame debate about nuclear energy.
1980 Reaches out-of-court settlements with uranium producers.
1981 Acquires Teleprompter Corp., a large cable television operator.
1982 Sells 50 percent interest in Showtime.
1983 Acquires robotics maker Unimation, and sells lamps business and 50 percent interest in Satellite Network News.
Chapter 2: Sue Me, Sue You Blues
1963burnham2.gif (474 bytes) 1975kirby2.gif (466 bytes) 1983danforth2.gif (475 bytes) 1987marous2.gif (462 bytes) 1990lego2.gif (475 bytes) 1993jordan2.gif (481 bytes)
Donald Burnham Robert Kirby Douglas Danforth John Marous Paul Lego Michael Jordan
Donald Burnham Robert Kirby Douglas Danforth John Marous Paul Lego Michael Jordan



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