Word: ge
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Dates: during 1980-1989
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...that General Electric Chairman John Welch, whose desires became paramount at NBC after his electronics giant bought RCA, NBC's parent company, for $6.28 billion last December, had settled on his own man for the job. This week Welch is expected to name Robert Wright, 43, the president of GE Financial Services, to become NBC's new chairman in the fall. Privately, NBC officials confirmed the news...
Several leasing companies, like Miami's Aviation Sales, specialize in short-term agreements that allow customers to bail out in five years if necessary. In contrast, the granddaddy of the industry, a subsidiary of General Electric called GE Credit, has traditionally signed leases of up to 20 years. James Ozanne, a GE Credit senior vice president, warns that middlemen who peddle short-term leases could eventually become saddled with aging aircraft that cannot be resold. Nonetheless, Ozanne admits, the boom in short- term renting has spurred GE Credit (1985 revenues: $2.9 billion) to begin offering five-year leases...
...payment of $4,450 to the school bought four years' tuition 18 years later. Some 600 have signed up, including nonalumni students, who have since been brought into the program. Canisius in Buff'lo and the University of Detroit now provide similar plans. All three also offer rate-for-'ge variations. A 17-year-old bound for Detroit, for example, can put up $20,284 now for four years starting in 1987 (actual cost: $29,075), while a ten-year-old needs only $14,572 for his projected $46,687 tuition. Detroit offers free testing and counseling for participants from...
...Most of the broad issues identified by the union are no longer preventing a settlement," said GE spokesman William Kennedy. Despite this progress, he said an end to the 7400-worker strike was "not imminent...
...issue of the relationship between union stewards and company foremen has been a chief subject of dispute since the strike was called Feb. 21, after a shop steward was disciplined by the company for swearing at a foreman at GE's Lynn plant...