Word: rca
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Dates: during 1980-1989
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...spoke with Queen for ten minutes by telephone. Happiest of all were Queen's parents, who have been residents of Lincolnville, Me., since December but last week were visiting a niece in Scarsdale, N.Y., where they used to live. Said Queen's father Harold, a retired RCA executive: "We're tremendously excited. We are just waiting to hear. We're standing by the telephone." Next morning the Queens were flown to London aboard a British Airways jetliner and on to Zurich aboard a U.S. Air Force JetStar for a late-evening reunion with their...
...hours later, NBC brought down the hatchet. Under pressure from the RCA Corp., NBC'S parent, Network President and Chief Executive Officer Fred Silverman announced that he had relieved Pfeiffer, a longtime friend, of her duties. But less than two hours after, Pfeiffer was back on the phone to the press with another venomous dart: "Yesterday Fred Silverman told me that there was no way we both could stay. He didn't ask for my resignation then or ever. He simply stated that the RCA people play hardball and that he would probably follow me out the door...
...former executive vice president of ITT, Valente was lured to RCA with a three-year contract, calling for at least $600,000 a year in salary and bonuses, plus an extra $400,000 if Valente were asked to resign...
Griffiths' profit record at RCA since he took over in 1976 has generally been good. Subsidiaries like Hertz rent-a-car have helped bolster income, but NBCTV, once RCA's proud peacock, has lagged sadly behind the other networks...
Rather than name a new corporate president, Griffiths announced last week that he and five executive vice presidents will now direct policy. The new RCA oligarchy, says the chairman, will lead to a "more flexible management structure." Given RCA's history, a more flexible management may hardly be what is needed...