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Who killed Westinghouse? Logo
Stories by Steve Massey * Illustration by Daniel Marsula
Michael Jordan
1993 Company reports third consecutive loss, this one of $326 million. Cuts dividend.
1994 Sells electrical supplies, and distribution and controls businesses. Buys Norden electronic systems division of United Technologies. Robert Watson completes liquidation of credit unit four years early, receives $14.4 million for 18 months work. Forms joint venture with CBS for TV and radio operations. Posts first profit in four years.
1995 Buys CBS for $5.4 billion. Sells land development business.
1996 Sells defense electronics unit, Knoll office furniture unit and securities system unit. Buys Infinity Broadcasting. Announces plans to split company in half, with industrial company to be spun off as separate stock issue.
1997 Sells Thermo King and announces plan to sell power generation unit. Buys Nashville Network and Country Music Television cable channels, and American Radio Systems. Ends plan to spin off industrial half and will sell remaining divisions instead. Becomes CBS Corp. on Dec. 1.
Chapter 6: Free at Last
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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