Westinghouse Still Needs To Clean House

In his penthouse office, Westinghouse Chairman Paul E. Lego used to keep an enormous brass telescope aimed across the Monongahela River. It symbolized his "vision" at the company, he joked. But in Lego's rocky 2 1/2 years at the helm of the Pittsburgh giant, he saw little more than a river of red ink, most of it pouring from Westinghouse Credit Corp. Losses in the finance unit were his downfall. On Jan. 27, two weeks after failing to sell its assets to GE Capital Corp., Lego emerged from a board meeting without his job.

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