Word: ge
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Dates: during 1980-1989
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...employees are naturally apprehensive about what GE may do to their company. Much of the headquarters staff is likely to be redundant after the merger. When RCA tried to get job guarantees for its management during the negotiations, Welch refused...
Another area of concern is that GE might interfere with NBC News. On that score Welch offered reassurance. Said he: "The traditional independence of NBC's news operations will be maintained." Nor is GE likely to second-guess Tinker's judgment about what TV shows Americans will be watching. Tinker welcomed the merger, suggesting that GE's financial resources would help NBC in the battle of the networks. "We had a supportive parent in RCA," he said, "and now we'll gain an even stronger parent." Of course, NBC is merely returning to the parent that helped nurture it more...
...suppose you read in the paper today that General Electric just bought RCA. But it's O.K., nothing's going to change, because I just bought GE...
...every corner of the corporate landscape. While megadeals were once limited mainly to oil and other natural- resources giants, they are now affecting companies ranging from moviemakers to missile manufacturers. Says Felix Rohatyn, a senior partner in the investment banking house Lazard Freres and a principal architect of the GE and RCA merger: "In my 35 years of business, I have never seen anything remotely approaching this year's tidal wave of takeovers, mergers and buyouts of every size and shape, including both very good and sound ones and extremely ill- conceived ones...
Insider trading is about the only aspect of the merger marathon that bothers the Reagan Justice Department. Just a decade ago, a proposed joining of two leviathans like GE and RCA would have drawn an immediate challenge. But under the benign gaze of the Reagan White House, bigger most often means better. Charles Rule, Deputy Assistant Attorney General in the antitrust division, notes that recent years have brought "a sea change in public opinion regarding the costs and benefits of regulation," including antitrust laws. Says Rule: "After years of experience with the Great Society, we discovered that more Government doesn...