Zenith's Angry Angel

LG Electronics rescued Zenith. Now it wants results

Last November, spirits were running high as more than 100 members of Zenith Electronics Corp.'s senior management group gathered in the company cafeteria in Glenview, Ill. LG Electronics Inc. had just invested $351 million in exchange for a 58% equity stake. Hun Jo Lee praised Zenith's management and singled out Albin F. Moschner, Zenith's CEO and president, for special kudos. "It was pretty clear to me that they thought very highly of Al," says Gerald M. McCarthy, Zenith's former executive vice-president for sales and marketing.

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