Word: welching
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...group of Wall Street dealmakers commands million-dollar fees for putting together megadollar agreements, Felix Rohatyn is the first among equals. As a senior partner at Lazard Freres, a New York investment-banking firm, he has presided over hundreds of mergers and acquisitions. In October, General Electric Chairman John Welch and RCA Chairman Thornton Bradshaw started talking about a merger over drinks at Rohatyn's Manhattan apartment...
...most famous names in corporate America, familiar to anyone who has ever bought a GE light bulb or an Elvis Presley hit on RCA records. By acquiring RCA, GE will strengthen its electronics and defense businesses and take over the NBC television and radio networks. Says GE Chairman John Welch, 50, who will head the combined companies: "We will have the technological capabilities, financial resources and global scope to be able to compete successfully with anyone, anywhere, in every market we serve...
...first step in GE's courtship of RCA came about two months ago, Welch says, in an early-morning telephone call he made to Felix Rohatyn, a partner in the Lazard Freres investment banking firm and one of Wall Street's leading merger specialists (see following story). "Can you arrange for me to meet Brad?" asked Welch. The Brad in question was RCA Chairman Thornton Bradshaw, 68, who is a friend of Rohatyn's. In early November Rohatyn invited the two men to have a drink in his New York City apartment. They talked about the defense business...
Though the proposed merger must be approved by federal regulators, Welch doubts that antitrust considerations will be an obstacle. He points out that Japanese and Korean manufacturers have made consumer electronics an extremely competitive business and argues that a combined GE and RCA could help reduce the flow of imports. Says he: "Maybe two American manufacturers together can beat the competition...
Second Period--B. Corcoran (Bonnie Welch...