OTHER NEWS - Jan. 28, 1993
Westinghouse Chief Quits: Westinghouse Electric Corp. said Chairman and Chief Executive Paul Lego will retire effective immediately. The conglomerate--with interests ranging from electronics to power-plant construction to financial services and broadcasting--also announced that it is slashing its stock dividend to 10 cents a share from 18 cents. Both moves follow two years of steep losses and a falling share price. Lego, 62, said he decided to resign now because he believes he has put in place an effective plan to return the company to growth. Westinghouse said the search for a new chief executive will start immediately.
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