I may still have that article someplace. When the current Westinghouse co-execs. held up the finance arm as the epitome of success and challenged the other divisions to do as well they dropped the last straw on the camel. Unknown to them, the finance division was the lender of last resort for risky real estate developments that soon took the division down and Westinghouse started to crumble.
A major issue was that Westinghouse was a victim of the uranium cartel that mimicked the oil cartel actions of 73. Westinghouse would have escaped that except they had sold the uranium stock earlier. That left them exposed to the much higher prices required to meet the contract requirement to supplying fuel for the nuclear steam supply systems they sold. That brought the co-execs to power when, IIRC, Danforth decided to focus his attention on the uranium mess.
Along the way the co-execs. ended the requirement that each division must contribute to R%D at Churchill. That ended innovation.
There’s a lot of lessons to be learned from the destruction of Westinghouse.
So where does this put the construction project near Augusta? Will the new group continue?
I used to give seminars to business owners on upper level management dangers. Westinghouse was my poster boy of how to screw it up.