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December 13, 1985

Revisit the music, news, notable people, and historical moments connected to this date.

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Headlines from December 13, 1985

CORRECTION

By Unknown Author

A dispatch on Nov. 25 from Santa Fe, N.M., about efforts to save native plants from extinction in the United States and Canada, incorrectly described Talavaya Center, a Santa Fe preservation organization. It receives no Federal aid.

Metropolitan Desk37 words

AXELROD SEEKS TO REINSTATE CASE ON GROSS

By Sam Roberts

The State Health Commissioner recommended yesterday that charges of professional misconduct be reinstated against Dr. Elliot M. Gross, the city's Chief Medical Examiner. The Commissioner, Dr. David Axelrod, asked the State Board of Regents to reverse the ruling by the department's chief administrative law judge that the State Health Department lacked jurisdiction to prosecute the Chief Medical Examiner for gross incompetence or negligence. The judge ruled that performing autopsies was not practicing medicine and that therefore the charges should not be considered by the state-appointed board that ordinarily handled charges of medical misconduct. Yesterday, Dr. Axelrod said that a panel that was to have begun hearings in October should be granted the opportunity to decide the substance of the allegations.

Metropolitan Desk1009 words

BRADSHAW BROUGHT RCA BACK

By Sandra Salmans

For Thornton F. Bradshaw, who has led RCA for the last five years, the acquisition by the General Electric Company is a personal as well as a professional turning point. Mr. Bradshaw, who is 68 years old, said yesterday that he would retire when the deal is completed next year and become a consultant to the company. When Mr. Bradshaw, who had been president of the Atlantic Richfield Company for 17 years, was appointed by RCA as chairman and chief executive in 1981, he was widely viewed as an interim manager - a distinguished businessman who would lend the company much-needed stability while it searched for a hands-on chief executive. Instead Mr. Bradshaw took charge, selling off some of RCA's new acquisitions, restoring its focus on its original businesses -electronics, communications and entertainment - and returning the company to the black. ''In 1981 the company was worth more dead than alive,'' said James Magid, an analyst at L. F. Rothschild, Unterberg, Towbin. ''Bradshaw has presided over a major corporate turnaround.''

Financial Desk864 words

BUSINES DIGEST: FRIDAY, DECEMBER 13, 1985

By Unknown Author

Companies G.E. said it could take a year to complete its merger with RCA. The comment sent RCA shares skidding by $4.25 a share, to $59.25, well below the $66.50 offering price. Trading was extremely heavy as investors, unwilling to tie up their money that long, sold the stock. G.E. said it would take time to arrange $4 billion or more of financing and to get regulatory approvals for the merger. [Page D10.] Grant Tinker, the head of NBC, said the resources of the merged company could speed the network's progress, including the possible development of a 24-hour cable news operation. [D10.] The Big Board is investigating trading in RCA and G.E. stocks before the merger was announced. [D11.] It took just 36 days h for G.E. and RCA to forge their multibillion-dollar merger, beginning with a meeting of the chairmen of G.E. and RCA at the Upper East Side apartment of Felix Rohatyn. [A1.] GAF sweetened the terms of its bid for Union Carbide by offering $68 a share in cash for all outstanding shares and by no longer requiring that Carbide's board approve the deal. [D1.] Oppenheimer & Company officers are discussing buying the investment banking and brokerage house back from Mercantile Holdings of London, according to sources close to both companies. [D1.] Nippon Oil delayed plans to explore some Texaco oilfields because of Texaco's legal battle with Pennzoil. The action symbolized the concern felt by Texaco's lenders, suppliers and partners.

Financial Desk249 words

G.E.'S DEMANDING CHAIRMAN

By Thomas J. Lueck, Special To the New York Times

In four years as the chairman of the General Electric Company, John F. Welch Jr. has become known simultaneously as one of the nation's toughest executives, as an intellectually astute manager and as a man more inclined to demand action immediately than wait for a second opinion. Mr. Welch has made his mark on G.E., where sharp cost cutting, plant modernization and a host of management changes have made him something of a guru in business circles. Still, one of the questions that loomed large in the wake of Wednesday's merger announcement by G.E. and the RCA Corporation was whether he has the diplomatic skills to mesh the assets and personalities of two major companies. 'Great Strategic Sense' ''Diplomacy?'' remarked the 50-year-old Mr. Welch today. ''I don't think anybody could recall a more diplomatic merger.'' He added: ''This was not a takeover. This is a merger that makes great strategic sense to both sides.''

Financial Desk1038 words

Music on My Birthday

Billboard 200

The Top 50 albums for the chart week of December 11, 1985, covering December 13, 1985.

  1. 1
    Album cover for Miami Vice by Soundtrack

    Miami Vice

    Soundtrack

    Last week
    1
    Peak
    1
    Weeks
    10
  2. 2
    Album cover for Heart by Heart

    Heart

    Heart

    Last week
    2
    Peak
    2
    Weeks
    23
  3. 3
    Album cover for Scarecrow by John Mellencamp

    Scarecrow

    John Mellencamp

    Last week
    3
    Peak
    2
    Weeks
    14
  4. 4
    Album cover for Afterburner by ZZ Top

    Afterburner

    ZZ Top

    Last week
    4
    Peak
    4
    Weeks
    5
  5. 5
    Album cover for Brothers In Arms by Dire Straits

    Brothers In Arms

    Dire Straits

    Last week
    5
    Peak
    1
    Weeks
    28

Historical Context for December 13, 1985

In 1985, the world population was approximately 4,868,943,465 people[†]