A Wall Street Journal article proclaims, "Westinghouse, Once an Industrial Powerhouse, Is on Brink of Sale."
The article talks about the current Westinghouse Electric Co, "a faded industrial giant that once helped electrify the world," as if the company being sold was the same company founded in 1886 by George Westinghouse. It's not, it is one last remnant of the original Westinghouse Electric that still bears the Westinghouse name.
The empire created by George Westinghouse, and the variety of products that carried the Westinghouse name have been split up over various companies over the years through a variety of mergers and acquisitions. The Westinghouse Electric mentioned in the article is the US based nuclear power company formed in 1998 from the nuclear power division of the original Westinghouse Electric Corporation. The company retained the Westinghouse name even though it was acquired by Toshiba in 2005. The Westinghouse nuclear power company filed for Chapter 11 bankruptcy in March 2017 and is being purchased by the company Brookfield Business Partners.
The current American mass media CBS Corporation, focused on commercial broadcasting, inherited much of the original Westinghouse Electric Company. When CBS Corporation was acquired by Viacom in 1999 that technically marked the end of the original Westinghouse Corporation. In 2005 CBS and Viacom split up, and the CBS Corporation lives on.
We will be watching to see if a new nuclear company creayed from the assets of the current Westinghouse Electric still carries the name Westinghouse. At one time the two major companies that dominated our world of electricity and electric appliances were Westinghouse and General Electric, which can be traced to Thomas Edison.
Interesting, the brand name of "Westinghouse" is still owned by the CBS Corporation. (Westinghouse heritage)
The names of Westinghouse Electric and General Electric are slowing fading away in corporate America, but the legacy of the great inventor and industrialist George Westinghouse lives on at GeekHistory.
A photo of Westinghouse generators at Edward Dean Adams Power Plant in Niagara Fall, the first large-scale, alternating current electric generating plant in the world, built in 1895, reminds us of the legacy of Westinghouse.Tags: