Word: ge
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...bring good things to life," say the commercials for General Electric, a company that strives to maintain a wholesome image based on quality products and service. But an unsavory side of the ninth-largest U.S. industrial corporation stood exposed last week in a federal district court in Philadelphia. GE pleaded guilty to defrauding the Air Force of $800,000 in 1980 on a project to upgrade the re-entry vehicles on Minuteman missiles. After its indictment eight weeks ago, GE had consistently denied any wrongdoing. The company suddenly changed its story last week on learning that Roy Baessler, a manager...
...GE faces a $1.04 million criminal fine and civil penalties of up to $1.08 million, and will have to reimburse the Air Force for the $800,000 it lost in the fraud. The heaviest cost, though, may fall on the company's reputation. It was GE's worst scandal since three top executives were convicted of price- fixing and went to prison...
General Electric. Jacques Robinson, 37, was named in 1982 to run GE's lackluster video-products division in Portsmouth, Va., and set out to extend it to include a long list of products for home information and entertainment. His door, he said, was open to anyone with helpful ideas. One respondent was Howard R. Stevenson Jr., 48, a technical whiz since his high school days in Michigan. He had spent his entire professional life with GE, most of the time working on radar, but felt stifled. General Electric offered him the chance to move to Portsmouth, and he soon...
...bewildered consumer is whether to purchase a Beta (from Sony's Betamax) or VMS (from Video Home System) format machine. Both use half-inch tape, but they are incompatible: Beta programs cannot be played on VHS machines and vice versa. Sony markets only Beta machines; RCA, GE and Panasonic, among others, market only VHS. Sears sells both. Many videophiles insist that Beta produces a slightly sharper image, but most people cannot see any difference in technical quality. Although Beta was introduced first, VHS has been far more successfully marketed: three out of every four machines now sold...
This approaching battle among U.S. giants in the home-video-equipment field is a mere reflection of the war between Japanese companies. The Kodak and GE 8-mm camcorders are both made by Matsushita, while Toshiba created Polaroid's, and Hitachi is the source of RCA's. As many as ten Japanese manufacturers, including Sony and JVC, reportedly have their own version of the new video gear. They are closely watching American reaction to the introductions to decide when to bring out their products...