A corporate imbroglio of four chairmen in six years
Office politics is a way of life at most American companies, but few firms manage to make more of a spectacle of on-the-job intrigues than the RCA Corp. In the past six years, the diversified broadcasting and electronics giant (1980 sales: $8 billion) has stumbled from one management fiasco to the next. These included: the awkward ousting of the son of the company's founder from his job as chairman; the dumping of his successor for failing to file his income taxes; the dismissal of a company president after only six months on the...
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