[BC] Re: WLW

[Rich Wood]

------ At 07:16 PM 12/29/2006, PeterH5322 wrote: -------

>General Electric is the ONLY company which has ALWAYS been in the Dow 30
>Industrials for as long as that important business index has existed.
>
>Based upon that, General Electric is probably the most important single
>company in this country's history.

I was fortunate to have worked for the original GE Broadcasting. They 
bought WJIB, Boston, and KFOG, San Francisco, from Kaiser for the 
highest price ever paid (until that time). $3.5 million for WJIB and 
$2.5 million for KFOG. It was a great company. When Kaiser wouldn't 
go to bat for us during Nixon's wage/price freeze, GE did and got us 
a raise we'd negotiated. I was the shop steward. I was sure I'd be 
toast. Instead, they looked at my personnel file and found I hadn't 
completed college. The company allowed $400 a year for job related 
education. They paid all my tuition, well over $400, at Emerson 
College for a year and a half. Reed Shaw was the top guy and second 
in command was A. Donovan "Don" Faust, VP/GM for Radio who played the 
second Green Hornet (Britt Reid ) after Al Hodge.

It was sad to see them sell off the radio division twice. GE is 
generally considered to be the best managed company in the country. 
At the time their attitude was "dominate a business sector or get out of it."

Rich

Rich Wood
Rich Wood Multimedia
Phone: 413-454-3258