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...GE Chief Discusses Education Programs...
John F. Welch, Jr., who is also the chair of GE, accepted the Dively Award for Corporate Public Initiative on behalf of the company and spoke to a crowd of about 300 people at the Kennedy School of Government about the company's efforts to increase the number of college-bound students from disadvantaged backgrounds...
...rush of new business ventures that will open the region to the rest of the world and change the way East Europeans work, play and shop. In Hungary, General Electric paid $150 million last January for control of Tungsram, one of the world's largest light-bulb makers. GE plans to light up Europe by selling the bulbs across the Continent. In Poland, Italian automaker Fiat, in partnership with a Polish company, plans to build 1.5 million subcompacts during the next ten years. In East Germany, Coca-Cola is pouring out $140 million to turn six aging state-owned soft...
...GE had Western customers in mind when it acquired a majority stake in Tungsram in the largest direct investment in Eastern Europe since World War II. The transaction gave GE control of a respected 100-year-old company that last year exported nearly two-thirds of its output, or $180 million worth of bulbs, to West European countries, which pay in hard currency. The deal boosts GE's meager 1% share of Western Europe's lighting market to 9%. That share could prove particularly valuable if the European Community decides to impose quotas on non-Community products after it becomes...
...Electric repairman came to install a new compressor in her refrigerator. He asked her to open the window, and then she heard the whooshing sound of CFCs venting into the atmosphere. Draper raised such a fuss with the Environmental Protection Agency, the newspapers and local and state officials that GE agreed to offset the CFC discharges in its compressor- replacement program by recapturing an equal amount elsewhere in its operations. Draper has since stalked the halls of Congress urging more controls on CFCs and has become one of Maryland's environmental watchdogs, taking everything from reforestation to recycling before...