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To: Some Fat Guy in L.A.

I was at NSID for that period. The first event that caught my attention was Westinghouse selling the cable TV business which was a hot sector at that time.

Later I heard Westinghouse traders dumped uranium stocks for needed money. Soon after the Oil Embargo a cartel drove up the price of uranium and Westinghouse reneged on the NSSS contracts that included fuel.

Someone in the corner office made the decision to make funding of R&D at Churchill voluntary. About that time the finance group was held out as the pick of the litter due to the booked returns. That placed other divisions making steady returns in a bad light. Then the finance group crashed and burned.

Then the board brought went outside Westinghouse for a CEO. Screw up after screw up after screw up.


27 posted on 04/30/2021 4:37:01 PM PDT by meatloaf
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To: meatloaf

When I started with Westinghouse in the early 80’s they were a huge company, 2nd fiddle to GE in most of their markets, but still a large company. The engineers were in charge. Things started downhill when the bean counters took over.

I was with LRA when Westinghouse generators were the best out there. I assume they are no longer made.


28 posted on 04/30/2021 8:08:38 PM PDT by Some Fat Guy in L.A. (Still bitterly clinging to rational thought despite its unfashionability)
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