Westinghouse Electric Corporation

Source: Wikipedia, the free encyclopedia.

Westinghouse Electric Corporation
Formerly
  • Westinghouse Electric & Manufacturing Company (1886–1945)
  • Westinghouse Electric Corp. (1945–1997)
  • CBS Corporation (1997–2000)
Company type
Viacom
in 2000
Successor
  • Viacom
Headquarters,
United States
Area served
Worldwide
Divisions
Subsidiaries

The Westinghouse Electric Corporation (later CBS Corporation) was an American manufacturing company founded in 1886 by

Viacom in 1999, a merger completed in April 2000.[8] The CBS Corporation name was later reused for one of the two companies
resulting from the split of Viacom in 2005.

The Westinghouse trademarks are owned by Westinghouse Electric Corporation,[9] and were previously part of Westinghouse Licensing Corporation.[9][10] The nuclear power business, Westinghouse Electric Company, was spun off from the Westinghouse Electric Corporation in 1999.

History

Beginnings

The evolution of Paramount
1912Famous Players Film Company is founded
1913Lasky Feature Play Company is founded
1914Paramount Pictures is founded as a film distributor
1916Famous Players and Lasky merge as Famous Players–Lasky and acquire Paramount
1920Westinghouse Broadcasting forms with the launch of KDKA-AM
1927CBS is founded; Famous Players–Lasky assumes Paramount's name
1929Paramount buys 49% of CBS
1932Paramount sells back shares of CBS
1950Desilu is founded and CBS distributes its television programs
1952CBS creates the CBS Television Film Sales division
1958CBS Television Film Sales renamed to CBS Films
1966Gulf+Western buys Paramount
1968Gulf+Western acquires Desilu and renames it Paramount Television; CBS Films becomes CBS Enterprises
1970CBS Enterprises renamed to Viacom
1971Viacom is spun off from CBS as a separate company
1985Viacom buys full ownership of Showtime and MTV Networks
1987National Amusements buys Viacom
1989Gulf+Western renamed to Paramount Communications
1994Viacom acquires Paramount Communications
1995Westinghouse buys CBS
1997Westinghouse renamed to CBS Corporation
2000Viacom buys CBS Corporation
2001Viacom buys BET Networks
2005Viacom splits into second CBS Corporation and Viacom
2019CBS Corporation and Viacom re-merge as ViacomCBS
2022ViacomCBS renamed to Paramount Global
George Westinghouse, founder

Westinghouse Electric was founded by

Vladimir Zworykin
.

Early on, Westinghouse was a rival to Thomas Edison's electric company. In 1892, Edison was merged with Westinghouse's chief AC rival, the Thomson-Houston Electric Company, making an even bigger competitor, General Electric. Westinghouse Electric & Manufacturing Company changed its name to Westinghouse Electric Corporation in 1945.[citation needed]

1990s

In 1990, Westinghouse experienced a serious setback when the corporation lost over one billion dollars due to bad high-risk, high-fee, high-interest loans made by its Westinghouse Credit Corporation lending arm.[14]

In an attempt to revitalize the corporation, the board of directors appointed outside management in the form of CEO

residential security division, the office furniture company Knoll, and Thermo King.[15]

Westinghouse purchased

British Nuclear Fuels Limited (BNFL).[19] In connection with that sale, certain rights to use the Westinghouse trademarks were granted to the newly formed BNFL subsidiary, Westinghouse Electric Company.[19] That company was sold to Toshiba in 2006.[20]

Patents

During the 20th century, Westinghouse engineers and scientists were granted more than 28,000 U.S. patents, the third most of any company.[21]

Products and sponsorships

Environmental incidents

There have been a number of Westinghouse-related environmental incidents in the US. Below is a short list of these. All of these are chemical pollution incidents; none of them involve nuclear reactors or nuclear pollution.

  • Sharon plant: The Westinghouse Sharon Plant was a 58-acre Westinghouse transformer production facility in Mercer County, Pennsylvania. The EPA's recent Five Year Review Report (2016) of this Superfund site determined that the Shenango River has been polluted due to Westinghouse operations in this area.[29] Because of the findings, the state of Pennsylvania has issued a "Do Not Eat" advisory for fish around the Westinghouse site.[30] This plant was no longer operational after 1984. Westinghouse submitted their final cleanup plan in 1998, and further action beyond their dissolution has been liable to CBS. The transformer business unit was sold to ABB in 1989. This site now houses a product design company.
  • Adams County plant: Westinghouse was fined $5.5 million in 1996 for polluting groundwater in over 100 wells, as well as other water sources, while operating its Westinghouse Elevator Company plant in Adams County, Pennsylvania. Degreasers and other toxic chemicals were released over a five-year period in the 1980s.[31][verification needed] This business unit was sold to Schindler in 1988. Future liability for cleanup has been directed to CBS following the dissolution of Westinghouse Electric Corporation in 1999.
  • Horseheads site: Westinghouse operated a cathode-ray tube plant in Horseheads, New York. They were deemed responsible for pollution at the Kentucky Avenue Wellfield Superfund site in Horseheads, New York. Westinghouse polluted nearby soil, affecting the safety of a nearby aquifer and wells used by residents. One phase of the cleanup effort describes Westinghouse Electric Corporation's facility, designated "Disposal Area F" and the "Former Runoff Basin Area", which are contaminated with volatile organic compounds (VOCs), polycyclic aromatic hydrocarbons (PAHs) and arsenic, will be cleaned up using a combination of soil excavation and soil vapor extraction. At Disposal Area F, the area of contamination is about 0.3 acres. At the Former Runoff Basin Area, the contaminated soils cover approximately 0.7 acres. Disposal of the excavated soils occurred at appropriate off-site facilities. The removal of the PAHs and arsenic contamination will protect site workers and employees at the Westinghouse facility and the cleanup of the VOCs will help restore the quality of the Newtown Creek Aquifer.[32][verification needed] In 1986, Westinghouse entered a joint venture at this plant with Toshiba to produce Cathode-Ray Tubes (CRTs). In 1989, Toshiba became part owner of this plant and the Westinghouse CRT business unit. Future liability has been shifted to CBS.
  • Sunnyvale plant: Westinghouse operated a plant which manufactured electronics for military systems in Sunnyvale, California. Groundwater and soil near this plant are contaminated with PCBs, fuels, and volatile organic compounds (VOCs). Potential health threats to area residents include accidentally ingesting or coming into direct contact with site contaminants in soil or groundwater. There are municipal drinking water wells within 14-mile from this site, and 300,000 people get their drinking water from within three miles of the site.[33][verification needed] This business unit was sold to Northrop Grumman in 1996. Future liability for this action has been passed on to CBS.

Timeline of company evolution

1880s

1888 Westinghouse brochure advertising their Alternating system
Share of the Westinghouse Electric and Manufacturing Company, issued March 31, 1910

1890s

1900s to 1920s

1924 book on protective relays for AC and DC electrical systems by the company

1930s and 1940s

1950s to 1970s

Logo designed by Paul Rand in 1959
  • 1951 – conducts first live network TV in U.S.[40]
  • 1952 – opens Cathode Ray Tube facility in Horseheads, New York; facility housed three divisions: Cathode Ray Tube, Electronic Tube, and Industrial and Government Tube
  • 1954 – enters finance as Westinghouse Credit Corporation
  • 1955 – buys KDKA-TV (then WDTV) in Pittsburgh and KYW-TV (then WNBK, now WKYC) and KYW Radio (originally, and currently WTAM) along with KYW-FM (then WTAM-FM, currently WMJI) in Cleveland; KYW is now licensed to a TV and AM radio station in Philadelphia[40]
  • 1955 – Westinghouse J40 engine failure causes all F3H fighters using the engine to be grounded, and all other jets using it switch to other engines; Westinghouse is forced out of aircraft engine business
  • 1957 – introduces first successful "cobra head" roadway luminaire, the OV-25, integrating both ballast and optics in a more streamlined modern design
  • 1961 – acquires Thermo King (sold in 1997 to Ingersoll Rand)
  • 1964 – begins
    mass transit
  • 1965 – invention of the first MEMS device, buys Marketeer Electronic Vehicles[40]
  • 1966 – founds Cinema Center Films[40]
  • 1966 – starts housing and real estate development divisions[40]
  • 1966 – buys a toy manufacturer[40]
  • 1967 – lights America's first computer-controlled outdoor electric sign[46]
  • 1967 – makes the lowest bid for the
    BART project[47]
  • 1969 – buys 7 Up bottling[40]
  • 1973 – develops world's first
    AMLCD
    displays
  • 1974 – sells well-known home appliance division to
    White Consolidated Industries, which becomes White-Westinghouse
  • 1979 – withdraws from all oil related projects in the Middle East after Iranian Revolution

1980s

1990s to 2020s

Employees

CEOs

  • George Westinghouse, 1886–1909[56]
  • Edwin Herr, 1911–1929[57]
  • Frank Anderson Merrick, 1929 – February 1938[58]
  • George Bucher, February 1938–1946[59]
  • Gwilym Price, 1946–1957[60][61]
  • Mark Cresap, Jr. 1957–1963[62]
  • Don Burnham, 1963–1975[63]
  • Robert Kirby, 1975–1983[64]
  • Douglas Danforth, December 1983 – December 1987[65][66]
  • John Marous, 1988 – June 29, 1990[67]
  • Paul Lego, June 30, 1990 – January 1993[68]
  • Gary Clark, January–July 1993
  • Michael Jordan, July 1993 – 1997[69]

Other

  • Guy Tripp, a former Thomson-Houston employee who joined Westinghouse and became chairman of its board of directors in 1912, and served until his death in 1927.[70]

Overseas subsidiaries

Westinghouse established subsidiary companies in several countries including British Westinghouse and Società Italiana Westinghouse in Vado Ligure, Italy. British Westinghouse became a subsidiary of Metropolitan-Vickers in 1919 and the Italian Westinghouse factory was taken over by Tecnomasio in 1921.

See also

References

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External links