Word: ge
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Dates: during 1990-1999
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...dispute between a Cambridge scholar and General Electric Co. (GE) over who first thought of producing a synthetic diamond continues to spark media attention after nearly two years of controversy and will be spotlighted on the newsmagazine program "60 Minutes" this Sunday...
...controversy erupted when Seitz, an associate of the Olin Center for Strategic Studies at Harvard's Center of International Affairs, claimed in July of 1990 that GE had failed to credit him with the idea of an isotopically pure diamond that conducts heat 50 percent better than natural diamonds...
...sometimes easy to ignore the most visible sign of change in Camden -- a project that many people are convinced is the seed of a new city. Investors have pulled together roughly a quarter of a billion dollars that will bring to the Delaware waterfront the headquarters for GE Aerospace, plus a hotel, waterfront park, the nation's second largest aquarium and an office tower to contain the world headquarters of Campbell's Soup. The hope, says Thomas Corcoran, president of the Coopers Ferry Development Association, is that the complex will strengthen the tax base, bring in new jobs and restore...
...GE, which is conducting its own investigation, has dismissed the engine division's international sales manager. But the company criticized Chester Walsh, the executive who exposed the scheme under a federal law that protects and rewards whistle-blowers, grousing that he should have reported his suspicions to the company first. Walsh may eventually be able to shrug off his bosses' disapproval. If the charges stick, he could receive as much as 30% of the amount recovered by the government from his company...
Even more impressive are the intimate glimpses Auletta provides of the men at the very top and his nuanced picture of the different corporate cultures they fostered. Welch, the brusque, combative chairman of GE, which took over NBC in 1986, treated the network as another GE unit to be whipped into shape. (Why, Welch wondered, was there so much agonizing over layoffs at NBC when hundreds of people were getting axed at GE's turbines division? "You think they're happy?" he snapped.) Tisch, the Loews chairman who had never fired an employee before taking over...