Word: ge
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Dates: during 1990-1999
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...assembling partners and obtaining financing. Possible price tag: $4 billion. "Bill Cosby enjoys producing and creating things," says Brokaw. "He has some ideas about quality television. He'd heard rumors of others wanting to buy it, and he asked me to look into it." The right offer might change GE's mind. While NBC outpaced its rivals for years with top-notch programs like The Cosby Show and L.A. Law, many of its boom shows have faded, and the network has so far failed to find able replacements. What the Cos would do with NBC is uncertain, although...
Andrzejewski threw 36 times, completing 20 for 181 yards. He also threw three interceptions and was sacked five times. But those last numbers say more about the quality of Columbia's offensive line (think GE toaster after the warranty expires) than Andrzejewski's play...
When BARRY DILLER quit last fall as chairman of Fox, where he ran the film studio as well as the television network, he said he wanted to own something. Something sizable. Apparently he has been trying to buy the NBC television network from GE. The deal fizzled this summer, but Diller has told friends that "a window of opportunity" remains for the revised proposal he is preparing...
...with its 5,000 suppliers in search of ways to firm up quality while trimming as much as $4 billion, or 13%, from its $30 billion parts-and-supplies budget. As a result, its longtime relationship with GENERAL ELECTRIC is on the line. A GM supplier since the 1920s, GE makes 60 million tiny light bulbs every year for GM dashboard displays, trunks and glove compartments. Now GM has located a Japanese company whose light bulbs cost 20% more but last 40% longer, and it has challenged GE to close the savings...
Attempts to defraud the U.S. government in a sale of military jet engines to Israel wound up costing General Electric $69 million. In a Cincinnati federal court, GE's aircraft-engine division settled civil and criminal charges of conspiring with an Israeli air force general to bill the Pentagon for fictitious parts and testing equipment. A GE manager stationed in Israel between 1984 and 1989 blew the whistle on his employer two years...