Circulated out of New York upon the sale of Ebasco to Raytheon, resulted in layoffs :
.
.
Obituary - Ebasco Services Incorporated, 89, Of New York City, died Wednesday, May 11, 1994 after a lingering illness. The wake will be held at McAnn's, Rector Street, on Friday, May 20th, after work. Ebasco was an engineering and construction firm of international renown, with projects throughout the world. Ebasco was considered to be a devoted mother by generations of loyal employees until falling on hard times.
Ebasco was born Electric Bond and Share Company in New York in 1905, daughter of Thomas Alva Edison. Previously married to Boise Cascade, who stripped Ebasco of most possessions- most notably the family home at 2 Rector Street, a brief engagement to Haliburton and then subsequent marriage to Enserch Corporation. Ebasco was recently wed to Raytheon Corporation. Survivors include her previous spouses, Raytheon , a brother - General Electric, and a son - Enserch Environmental, from a previous marriage.
.
The family requests that in lieu of flowers, much needed donations to the Severence Fund be made.
12 comments:
Very clever. I knew EBASCO from 1987-1993. Rest in pieces.
Say, could someone - perhaps Larry Pauls - tell me where to take my search? I'm trying to get more information about my great-uncle, who died while in Cairo in 1962 on business for Ebasco. His name was George F. Graham. ortanad 97
My dad worked there until 1961 when he was laid off. Electrical Engineer Francis Eu(gene) Wilmot
Is this still an ongoing blog? My dad, Robert D. Steele was chief civil engineer for sometime...before the boise take over I think. He died in 1988. I am also trying to trace some of his friends from Ebasco, including Walter Brumberg (Bromberg) an Estonian who had a lovely place in Maine which we used to visit. I know he is dead now but wondered if he did indeed gift it to an Estonian group when he died. Also, my grandfather's best friend, Kemp Reece, was president of Ebasco when daddy first joined Ebasco after WWII.
I was Corporate Chief Engineer at Ebasco (NYC headquarters and all other world-wide offices) in the '70s and early '80s. It was a great engineering, design, and construction company that built reliable nuclear, fossil fuel, hydroelectric, etc. power plants in the US and around the world. Ebasco was a premier world class company for many years and was often referred to as the "Cadillac" of the power plant and energy business. Yes, the downturn of the nuclear business hurt the company but a couple poorly matched mergers (really takeovers) that drained the company’s hard assets and a greedy, selfish CEO, J. Scarola, (the CEO prior to W. Wallace) who joined one of the takeover companies, as well as the incompetent CEO who replaced Wallace, share the blame for the company's unfortunate demise. I had left Ebasco -- and accepted the position of President and CEO of an environmental company -- just a few years before the company's sad ending.
I knew Bob Steele (of the previous comment) as well as most of the executives, department heads, managers, engineers, and designers of my time. Most of them were tops in their specific fields.
I invite any Ebasco “alumni” who knew me to get in touch with me. It will be nice hearing from you. My email is ernkoll@verizon.net
Ernest A. Kollitides, P.E.
E.A.K
I was Corporate Chief Engineer at Ebasco (NYC headquarters and all other world-wide offices) in the '70s and early '80s. It was a great engineering, design, and construction company that built reliable nuclear, fossil fuel, hydroelectric, etc. power plants in the US and around the world. Ebasco was a premier world class company for many years and was often referred to as the "Cadillac" of the power plant and energy business. Yes, the downturn of the nuclear business hurt the company but a couple poorly matched mergers (really takeovers) that drained the company’s hard assets and a greedy, selfish CEO, J. Scarola, (the CEO prior to W. Wallace) who joined one of the takeover companies, as well as the incompetent CEO who replaced Wallace, share the blame for the company's unfortunate demise. I had left Ebasco -- and accepted the position of President and CEO of an environmental company -- just a few years before the company's sad ending.
I knew Bob Steele (of the previous comment) as well as most of the executives, department heads, managers, engineers, and designers of my time. Most of them were tops in their specific fields.
I invite any Ebasco “alumni” who knew me to get in touch with me. It will be nice hearing from you. My email is ernkoll@verizon.net
Ernest A. Kollitides, P.E.
It seems to me that Ebasco was one of the earliest corporate takeovers whereby the takeover company virtually stripped the company it had taken over and 'enabled' it out of existence. My dad was blindsided in the 80's when this was just beginning to happen. When my husband and I moved to brookline MA in 1982 our neighbor told us he was in 'leveraged buyout'...a new term for us. I wish my dad had left Ebasco when you did and did not have to experience what he did.
Beatrice Owen. I was a secretary at Ebasco Services Inc. from June 1953 to July 1966. Bill Wallace was just a lowly engineer who we would all kibbitz with. I worked for Bob Crone, Herb Lowe, and Ted Hoyt over the years in the Electrical Engineering Department. I loved that place.
If anyone remembers me - Jerbeareiner@gmail.com
I really enjoyed my long tour with Ebasco. They gave me challenging assignments, great collaborators, and the freedom to make a fool out of myself as I thought best. The M&As by management took their toll, as they always do, snatching defeat out of the jaws of success.
I decided to study WHY? Why did the Ebasco fiasco take place? After learning how common the scenario is worldwide, I collaborated with mentors and other PEs to see if a viable alternative could be developed. It's all on the website m-i-t-m.com Written for "Men in the Middle."
William L. Livingston I&C
My father, Charles A Miller, was an engineer for Ebasco when he died in 1969. He was helping to build a nuclear power plant in either North or South Carolina, and I'd like to find out which one. Could anyone tell me the power plants in those states that Ebasco had a hand in?
I am writing a story about Ebasco and would like to reach out Larry Paul.
My email: nash.hasan@aecom.com
https://www.legacy.com/obituaries/theolympian/obituary.aspx?n=robert-j-norman&pid=186314628
Post a Comment