Tuesday, February 14, 2017

Westinghouse Torpedoes Toshiba

Toshiba's purchase of Westinghouse is leading to its downfall. You can read about it here:

https://www.nytimes.com/2017/02/14/business/toshiba-chairman-nuclear-loss.html

What this confirms is that the US nuclear power industry destroyed itself through low productivity and terrible management. Everyone focused on making money for themselves, but NOT on what their customers needed. It would not surprise me if the nuclear plants currently under construction NEVER get completed.

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