Word: rca
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...Tinker asked that his successor be chosen from among the ranks of the network's current management. Last week it appeared that Tinker's wish would not be granted. Word began leaking that General Electric Chairman John Welch, whose desires became paramount at NBC after his electronics giant bought RCA, NBC's parent company, for $6.28 billion last December, had settled on his own man for the job. This week Welch is expected to name Robert Wright, 43, the president of GE Financial Services, to become NBC's new chairman in the fall. Privately, NBC officials confirmed the news...
...AIDS victim, which averages about $147,000 during the two years it generally takes for the disease to run its fatal course. For small businesses, one or two AIDS cases could trigger a ruinous hike in health-insurance premiums. To keep costs in the $35,000 range, corporations like RCA have established outpatient-care programs in which AIDS patients spend far less time in the hospital and more on the job or at home...
Worries about a vanishing repertory are more legitimate. The LP catalog has found a place for both the most familiar Beethoven symphonies and the most obscure baroque fugues. For now, classical and pop CDs run to the best-known artists and material. Yet some major classical labels, including RCA, CBS and the giant PolyGram complex (Deutsche Grammophon, Philips and London), have begun issuing their huge catalogs of conventionally recorded...
...month. Rivera had no problems in casting American engineers as the heroes of a new age. Encouraged by this, John D. Rockefeller in 1932 commissioned a Rivera mural, Man at the Crossroads Looking with Hope and High Vision to the Choosing of a New and Better Future, for the RCA Building in Rockefeller Center. Rivera put in a head of Lenin and refused to take it out, though he offered to counterface it with some portraits of Lincoln and other moral equivalents. The result of this Mexican standoff was that the Rockefellers effaced the mural, while the Communist Party denounced...
Despite the SEC's stepped-up enforcement, many Wall Streeters believe that the investment world is still rife with insider trading. They note that in scores of mergers, including General Electric-RCA, Capital Cities-ABC and Philip Morris-General Foods, a run-up in the price of the target company's shares proves that many investors bought stock based on advance knowledge of the deal...