Ge Gropes For The On Switch In HungaryGail E. Schares
George Varga was stumped. In 1990, when General Electric Co. paid $150 million to acquire Hungarian light-bulb maker Tungsram Co., it meant jobs, technology, and a future with a strong Western partner for the former communist enterprise. "I expected a state of jubilation," recalls Varga, whom GE sent in as Tungsram's new CEO. But after the takeover, workers brooded ominously.
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