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Who killed Westinghouse? Logo
Stories by Steve Massey * Illustration by Daniel Marsula
biodanforth150.jpg (7097 bytes) Douglas Danforth
1984 Westinghouse sells educational and language product operations and industrial fan business. Board approves 2-for-1 stock split and raises dividend.
1985 Company announces pending sale of Group W Cable operations for $1.7 billion in cash. Starts construction on first waste-to-energy plant. Raises dividend.
1986 Sells Muzak, acquires independent TV station in Los Angeles. Adopts new strategy to increase growth at financial services subsidiary. Completes buyback of 20 percent of common stock for $1.6 billion. Raises dividend.
1987 Acquires radio stations in Sacramento and Chicago, an electrical equipment manufacturer and an engineering and waste-disposal concern. Financial services unit reports record net income of $115 million,16 percent of total corporate earnings. Announces final shutdown of East Pittsburgh operations. Raises dividend.
Chapter 3: Money, It's a Hit
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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