All language subtitles for Lou Grant s04e17 Business
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1
00:00:00,649 --> 00:00:07,230
Hello, I'm calling from the trip. I'd
like to... How much money was it? It was
2
00:00:07,230 --> 00:00:08,230
over $1 ,000.
3
00:00:08,650 --> 00:00:09,830
Was it over $10 ,000?
4
00:02:03,150 --> 00:02:05,910
the airport. How's it look? A mess in
there, Mr. Davis. A real mess.
5
00:02:06,430 --> 00:02:09,470
What about injuries? Radio said two men
were hurt? Yeah, second degree burns.
6
00:02:09,610 --> 00:02:10,610
Too early to tell.
7
00:02:10,729 --> 00:02:12,590
They were within ten feet from the
blast.
8
00:02:12,830 --> 00:02:13,830
Oh.
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00:02:13,890 --> 00:02:15,570
Any idea what caused it? Not yet.
10
00:02:15,890 --> 00:02:16,890
I was in New York.
11
00:02:17,610 --> 00:02:18,770
Well, nobody ended the week.
12
00:02:19,370 --> 00:02:20,370
Damn.
13
00:02:20,890 --> 00:02:22,830
It's probably going to be all over the
six o 'clock news.
14
00:02:23,150 --> 00:02:24,470
Keep me up to date on those two men.
15
00:02:24,710 --> 00:02:25,710
Will do.
16
00:02:33,380 --> 00:02:34,540
Rossi, back off, will you?
17
00:02:35,240 --> 00:02:36,240
Please?
18
00:02:37,640 --> 00:02:38,640
A little more?
19
00:02:39,720 --> 00:02:40,720
Thanks. Let's go.
20
00:02:41,820 --> 00:02:45,220
I guess we better talk to these people,
huh? Look, I understand these guys. Let
21
00:02:45,220 --> 00:02:47,760
me handle them. That's what you're
paying me for. Okay, thanks, Rick. See
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00:02:47,760 --> 00:02:49,080
get what they need, I'll check out the
damage.
23
00:02:49,540 --> 00:02:51,880
Ah, Rick Haven, media liaison for
electronics.
24
00:02:52,300 --> 00:02:53,480
Joe Rossi, trivia.
25
00:02:53,760 --> 00:02:56,220
I'll call us in, I'll meet you at the
car. Be there in a minute.
26
00:02:56,830 --> 00:02:59,910
Give a damage estimate yet? Place looks
pretty well gutted. Fire department
27
00:02:59,910 --> 00:03:03,090
estimates loss at over a million. Oh,
yeah, I'd say it's more than that.
28
00:03:03,330 --> 00:03:04,189
How much more?
29
00:03:04,190 --> 00:03:07,250
Well, I really couldn't say until the
insurance boys go through it. Just a
30
00:03:07,250 --> 00:03:08,250
ballpark figure.
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00:03:08,870 --> 00:03:12,830
I really couldn't say. I mean, there's
too many factors to consider. Unit swaps
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00:03:12,830 --> 00:03:16,570
and productions, how much gear is
salvageable, how much we'll lose
33
00:03:16,570 --> 00:03:18,010
upon how long we're shut down.
34
00:03:18,430 --> 00:03:20,590
The division handles stereo components,
is that right?
35
00:03:20,910 --> 00:03:21,910
Yeah, that's correct.
36
00:03:22,030 --> 00:03:26,110
But calotronic is highly diversified, so
it shouldn't be too badly hurt by this.
37
00:03:26,760 --> 00:03:28,580
Do you have the ID on the injured
workers?
38
00:03:29,720 --> 00:03:32,300
Well, we're trying to notify the family
first, you understand.
39
00:03:33,040 --> 00:03:35,660
You'll get to them first. The story
doesn't come out in the streets until
40
00:03:35,660 --> 00:03:36,660
tomorrow.
41
00:03:37,160 --> 00:03:40,540
Look, I can always check with the
hospital for the name. I'm sure you can.
42
00:03:41,220 --> 00:03:45,000
Look, if you need anything else, don't
hesitate to call.
43
00:03:45,680 --> 00:03:49,400
Oh, and say hi to Adam Wilkins for me. I
helped him out in the story not too
44
00:03:49,400 --> 00:03:51,860
long ago. He should be able to give you
all the background on what you need.
45
00:03:52,460 --> 00:03:53,460
Nice talking to you, Joe.
46
00:03:58,250 --> 00:03:59,069
Hi, Billy.
47
00:03:59,070 --> 00:04:00,070
Hi, Hal.
48
00:04:01,590 --> 00:04:02,990
Working on anything interesting?
49
00:04:03,350 --> 00:04:05,130
I've got the dumb story about a parrot.
50
00:04:05,730 --> 00:04:07,170
You run out of new column ideas?
51
00:04:07,510 --> 00:04:11,170
I ran out of new column ideas in June,
1963.
52
00:04:11,990 --> 00:04:15,070
How about an African grey at the animal
shelter?
53
00:04:15,630 --> 00:04:18,450
Nobody wants him because the only things
he says are words we can't print.
54
00:04:19,690 --> 00:04:20,690
A dumb parrot.
55
00:04:21,329 --> 00:04:23,790
And I must have done a dozen columns on
obscenity.
56
00:04:24,370 --> 00:04:26,690
Sounds like my kind of bird, though.
Thanks anyway.
57
00:04:35,310 --> 00:04:37,310
wrote a funny story? His expense
account.
58
00:04:37,910 --> 00:04:40,910
I love how the only conferences he goes
to are at Flesh Resort.
59
00:04:41,250 --> 00:04:42,930
He even puts ski lessons down.
60
00:04:43,230 --> 00:04:45,570
His most creative writing goes into his
expense account.
61
00:04:48,990 --> 00:04:49,929
Say this.
62
00:04:49,930 --> 00:04:52,190
I need more time, Lou. I'm getting
stonewalled.
63
00:04:52,490 --> 00:04:55,150
You've got the story, haven't you?
What's the big deal about a fire?
64
00:04:55,690 --> 00:04:59,390
I have a funny feeling about these guys.
Rick Havens is their flat. I never
65
00:04:59,390 --> 00:05:01,950
trusted him to be covered business to
Channel 10.
66
00:05:02,190 --> 00:05:03,550
Do you think they're trying to hide
something?
67
00:05:03,810 --> 00:05:06,830
These big companies are always hiding
something. I think there's more to it
68
00:05:06,830 --> 00:05:10,170
just a simple fire, or they wouldn't be
so evasive. I can't even get the names
69
00:05:10,170 --> 00:05:11,170
of the guys in.
70
00:05:11,370 --> 00:05:12,990
Okay, send Animo back in.
71
00:05:13,310 --> 00:05:15,590
And stick with it. You can take a cab
back.
72
00:05:16,910 --> 00:05:18,170
Billy, what are you working on?
73
00:05:18,740 --> 00:05:22,960
Dirty old parrots that deserve to be
locked up. It'll keep. Check the clips
74
00:05:22,960 --> 00:05:25,980
Calectonics Industries. See what you can
find on the fire they had at the plant
75
00:05:25,980 --> 00:05:26,980
today.
76
00:05:30,600 --> 00:05:31,900
Did you find anything yet?
77
00:05:32,640 --> 00:05:34,400
You know as much as we do at this point.
78
00:05:35,120 --> 00:05:39,120
An explosion in the assembly area and
the whole building was involved in
79
00:05:39,120 --> 00:05:40,120
minutes.
80
00:05:40,220 --> 00:05:41,220
That's it?
81
00:05:41,520 --> 00:05:42,840
It was one hell of an explosion.
82
00:05:43,680 --> 00:05:44,680
Very scientific.
83
00:05:45,260 --> 00:05:48,640
Come on, Richardson. Your unit doesn't
usually show up unless it's a
84
00:05:48,640 --> 00:05:49,459
of ours.
85
00:05:49,460 --> 00:05:51,180
Just routine, Joe. It may not be ours.
86
00:05:51,600 --> 00:05:54,400
When you say it may not be, do you
mean... Forget it, Joe.
87
00:05:54,620 --> 00:05:57,380
I know what you're trying to do. I'm
trying to do a story is what I'm trying
88
00:05:57,380 --> 00:05:59,780
do. Look, I'll file a report soon.
89
00:06:00,240 --> 00:06:03,040
If I make an extra copy for you, will
you stop shadowing me?
90
00:06:05,160 --> 00:06:06,780
I'm not trying to shadow you.
91
00:06:07,840 --> 00:06:09,880
Hey, Richardson, how about a lift
downtown?
92
00:06:13,070 --> 00:06:16,370
Keep me informed on the buyer stuff. It
looks like it's the only thing we have
93
00:06:16,370 --> 00:06:17,369
to lead with.
94
00:06:17,370 --> 00:06:19,650
Right. I'll see you two back any minute.
Yeah.
95
00:06:21,170 --> 00:06:22,170
Charlie.
96
00:06:23,050 --> 00:06:24,050
Yeah.
97
00:06:24,270 --> 00:06:28,110
I'm a little dry on column material.
98
00:06:28,370 --> 00:06:29,370
I need to jet.
99
00:06:31,290 --> 00:06:33,790
There's new stuff going on all the time.
What's your problem?
100
00:06:34,370 --> 00:06:37,290
You've been writing a daily column as
long as I have. Nothing's new.
101
00:06:38,190 --> 00:06:39,770
Have you tried just relaxing?
102
00:06:40,570 --> 00:06:44,630
And giving the thoughts from your
subconscious a chance to bubble up.
103
00:06:45,650 --> 00:06:47,310
I don't want to hear from my
subconscious.
104
00:06:55,050 --> 00:07:01,870
What did you do, Rossi? Cover the fire
or
105
00:07:01,870 --> 00:07:02,689
fight it?
106
00:07:02,690 --> 00:07:05,710
That's nice. I ruined a brand new pair
of shoes vlogging around for a story,
107
00:07:05,710 --> 00:07:06,710
that's the thanks I get.
108
00:07:06,860 --> 00:07:10,140
It's amazing how whenever a reporter
ruins a pair of shoes covering an
109
00:07:10,140 --> 00:07:12,080
assignment, they always pan down.
110
00:07:14,900 --> 00:07:18,600
I got enough for a fire story, but I
know there's more there. I just don't
111
00:07:18,600 --> 00:07:19,600
these big companies.
112
00:07:19,660 --> 00:07:20,559
Well, good reason.
113
00:07:20,560 --> 00:07:21,860
What'd you find on the clip, Billy?
114
00:07:22,240 --> 00:07:23,940
Very dapper. You must have a date.
115
00:07:25,280 --> 00:07:27,220
It's just one item on the plant itself.
116
00:07:27,560 --> 00:07:31,140
Last year, the fire department cited
Calatronics for 12 safety violations.
117
00:07:31,540 --> 00:07:33,280
I knew they were hiding something.
118
00:07:33,840 --> 00:07:36,560
There's an article from a month ago
about a Lester Sorensen.
119
00:07:37,200 --> 00:07:41,460
He was general manager of the company
for years, and then he just up and quit.
120
00:07:41,680 --> 00:07:44,800
It took everybody by surprise because
he'd just been named the company's
121
00:07:44,800 --> 00:07:48,280
president. It says here a Russell
Davidson took his place.
122
00:07:49,140 --> 00:07:52,580
From the young hot shot out of New York.
Adam did the story. It's a little
123
00:07:52,580 --> 00:07:53,980
uncooked. Figures.
124
00:07:54,680 --> 00:07:59,060
Adam, what can you tell us about
Calectronics and this Davidson thing?
125
00:07:59,060 --> 00:08:00,760
like you wrote this story from a press
release.
126
00:08:01,360 --> 00:08:04,220
Hold on a minute. Who I built this for?
I'm talking to everybody I could.
127
00:08:04,980 --> 00:08:07,640
If you look, you'll notice we were the
only paper that had the story of
128
00:08:07,640 --> 00:08:09,140
Davidson's appointment before it
happened.
129
00:08:09,520 --> 00:08:10,860
Okay, but why did it happen?
130
00:08:11,380 --> 00:08:14,520
As near as I can tell, the old man,
Sorenson, wanted to retire.
131
00:08:15,020 --> 00:08:17,440
It's just a case of a company deciding
to go with young leadership.
132
00:08:18,340 --> 00:08:20,300
What do we really know about Cal
Electronics?
133
00:08:20,720 --> 00:08:22,260
Well, they used to be a pretty healthy
company.
134
00:08:22,920 --> 00:08:26,560
Imports have cut their share of the
market, but their management is stable,
135
00:08:26,680 --> 00:08:27,760
reasonably progressive.
136
00:08:28,160 --> 00:08:30,440
I get the picture. You never met a
company you didn't like, right?
137
00:08:31,950 --> 00:08:36,049
According to the clip, the plant was set
up for 12 safety violations last year.
138
00:08:36,070 --> 00:08:36,829
What about that?
139
00:08:36,830 --> 00:08:40,230
Yeah. Could this be a convenient fire or
the result of negligence?
140
00:08:41,150 --> 00:08:42,250
Oh, I doubt it.
141
00:08:42,470 --> 00:08:44,570
Cal Electronics has always been a pretty
straight outfit.
142
00:08:45,070 --> 00:08:47,830
Okay. Billy, contact the company. Get an
interview with Davidson.
143
00:08:48,390 --> 00:08:51,150
Rossi, we'll go with what you've got,
but follow up on it. I knew we'd find
144
00:08:51,150 --> 00:08:52,150
something on these guys.
145
00:08:52,270 --> 00:08:53,690
Rossi, you see conspiracies everywhere.
146
00:08:54,090 --> 00:08:55,950
Yeah, and sometimes I find them.
147
00:09:01,800 --> 00:09:05,880
and bring this up in front of everybody
else, but your story on a change of
148
00:09:05,880 --> 00:09:07,740
command wasn't very complete.
149
00:09:08,660 --> 00:09:09,780
I got what I could.
150
00:09:10,260 --> 00:09:13,580
The prime rate was going through the
roof. I had all those stories on how the
151
00:09:13,580 --> 00:09:14,580
election would affect business.
152
00:09:15,360 --> 00:09:17,260
How about the old guy who retired,
Sorensen?
153
00:09:17,800 --> 00:09:19,940
Sorensen was gone. The new guy hadn't
come in yet.
154
00:09:20,280 --> 00:09:23,340
Lou, I don't always have time to be as
thorough as I'd like to be.
155
00:09:23,760 --> 00:09:25,240
We did elect a new president, remember?
156
00:09:25,620 --> 00:09:27,320
Big kid, used to live in the Palisades.
157
00:09:30,000 --> 00:09:32,180
If you want me to go back and get more,
I'll go back and get more.
158
00:09:32,900 --> 00:09:33,900
No, that's okay.
159
00:09:34,580 --> 00:09:36,720
Bossy and Billy can handle it. We have a
lot to do.
160
00:09:38,120 --> 00:09:39,120
Whatever you say.
161
00:09:42,180 --> 00:09:45,700
Lou Grant will continue in a moment here
on A &E.
162
00:10:03,370 --> 00:10:06,490
In a company this size, everything can't
filter through this office. It has to
163
00:10:06,490 --> 00:10:09,610
be split up. You mean decentralized,
free the slaves. Right.
164
00:10:10,310 --> 00:10:13,130
By the first of the month, I want to
break the company up into four
165
00:10:13,250 --> 00:10:14,990
each with its own general manager.
166
00:10:17,350 --> 00:10:18,350
Yes.
167
00:10:19,570 --> 00:10:20,710
Ask her to wait a minute, please.
168
00:10:21,270 --> 00:10:22,270
What?
169
00:10:22,550 --> 00:10:25,430
Sorry to break this up, but I promised
to talk to a reporter from the trip
170
00:10:25,430 --> 00:10:26,049
the fire.
171
00:10:26,050 --> 00:10:29,150
We don't have much to tell yet. We
haven't gotten the investigator's
172
00:10:29,910 --> 00:10:31,030
Then I'll just tell her the truth.
173
00:10:31,699 --> 00:10:32,980
Why don't you let me take this?
174
00:10:33,340 --> 00:10:37,000
I don't trust reporters from the trib,
especially after the shot that Guy Rossi
175
00:10:37,000 --> 00:10:38,000
took at us.
176
00:10:38,100 --> 00:10:41,820
Well, give her what you can. We still
can't afford to alienate the press.
177
00:10:47,000 --> 00:10:48,560
Hello, Ms. Newman. I'm Russell Davidson.
178
00:10:48,780 --> 00:10:52,460
This is Rick Haydens in charge of
communications. Hi. Pleased to meet you.
179
00:10:52,460 --> 00:10:53,460
sorry about the circumstance.
180
00:10:53,720 --> 00:10:57,380
Yes. I've had a meeting come up that I
just can't avoid, and Rick here can give
181
00:10:57,380 --> 00:11:00,200
you whatever you need. Use my office. I
hope you can come back when we have more
182
00:11:00,200 --> 00:11:01,199
time.
183
00:11:01,199 --> 00:11:02,199
Of course.
184
00:11:02,500 --> 00:11:03,500
Well, shall we?
185
00:11:05,840 --> 00:11:06,840
Well,
186
00:11:09,980 --> 00:11:10,980
would you like some coffee?
187
00:11:11,180 --> 00:11:12,180
No, thanks.
188
00:11:12,640 --> 00:11:13,640
How can I help?
189
00:11:14,240 --> 00:11:16,240
Do you have a cause of the fire yet?
190
00:11:16,560 --> 00:11:17,880
We expect a report tomorrow.
191
00:11:18,260 --> 00:11:20,300
When is your deadline? Oh, I need it by
six tonight.
192
00:11:20,660 --> 00:11:22,660
Oh, why don't you give me a call then? I
may have something for you.
193
00:11:23,020 --> 00:11:26,720
Oh, by the way, I have the names and
medical reports on those two workers.
194
00:11:27,580 --> 00:11:29,740
Thank you. We already got the details
from the hospital.
195
00:11:33,450 --> 00:11:37,830
You know, I was really disappointed in
Mr. Rossi's story. The safety violations
196
00:11:37,830 --> 00:11:39,030
were a cheap shot.
197
00:11:39,350 --> 00:11:40,550
Couldn't they have caused the fire?
198
00:11:40,750 --> 00:11:44,250
No way. I mean, they were all minor, and
we corrected them immediately at the
199
00:11:44,250 --> 00:11:45,650
time. I'll tell him.
200
00:11:46,730 --> 00:11:49,070
Is the fire a serious setback?
201
00:11:49,450 --> 00:11:51,090
When do you expect to resume production?
202
00:11:51,510 --> 00:11:52,510
We don't know yet.
203
00:11:52,910 --> 00:11:54,990
Have you been covering business long,
Miss Newman?
204
00:11:55,390 --> 00:11:57,310
Actually, I'm a general assignment
reporter.
205
00:11:57,730 --> 00:11:58,730
I see.
206
00:11:59,150 --> 00:12:02,490
The manufacture of stereo components is
only one of the things that we do.
207
00:12:03,050 --> 00:12:07,490
Calectronics is into fiber optics, solar
applications. I'm sure that's the case.
208
00:12:07,690 --> 00:12:12,510
But getting back to the fire itself,
there's a question of possible
209
00:12:12,910 --> 00:12:15,670
Or some might see it as beneficial.
210
00:12:16,170 --> 00:12:20,090
Whoa, whoa, whoa, wait a minute. I mean,
that's an unfair accusation. I suggest
211
00:12:20,090 --> 00:12:21,770
you wait till the full report is out.
212
00:12:23,890 --> 00:12:26,170
Okay, what can you give me on the damage
estimate?
213
00:12:26,710 --> 00:12:27,689
Nothing yet.
214
00:12:27,690 --> 00:12:29,350
We don't know how much equipment needs
replacing.
215
00:12:29,830 --> 00:12:31,510
You're not being very helpful, Mr.
216
00:12:31,750 --> 00:12:35,110
Havens. I'm afraid Calectronics is going
to look bad in our story.
217
00:12:35,330 --> 00:12:36,850
I can't give you what I don't have.
218
00:12:39,810 --> 00:12:40,789
Why did Mr.
219
00:12:40,790 --> 00:12:41,790
Sorensen resign?
220
00:12:41,930 --> 00:12:43,670
I went over all that with Adam Wilson.
221
00:12:45,430 --> 00:12:48,810
Mr. Sorensen retired for personal
reasons.
222
00:12:49,010 --> 00:12:50,390
He wanted to enjoy life.
223
00:12:50,650 --> 00:12:51,650
Some people do.
224
00:12:54,030 --> 00:12:55,690
I guess I couldn't do it here.
225
00:12:58,990 --> 00:13:00,670
What about the injured workers? They
should know what happened.
226
00:13:00,870 --> 00:13:04,070
I tried to contact them. They refused to
talk to the press.
227
00:13:04,910 --> 00:13:05,910
That's interesting.
228
00:13:06,610 --> 00:13:10,810
It's not that I doubt you on this, but
we just have to be very sure. Do you
229
00:13:10,810 --> 00:13:11,810
a chance to read Billy's story?
230
00:13:11,950 --> 00:13:15,110
I think it'll cause trouble. It implies
the company is being secretive. The
231
00:13:15,110 --> 00:13:18,170
company is being secretive. We're saying
we have nothing new on the cause of the
232
00:13:18,170 --> 00:13:20,090
fire, nothing new on Sorensen's
resignation.
233
00:13:20,310 --> 00:13:22,530
Why don't we just wait until we have
something?
234
00:13:22,750 --> 00:13:25,730
Because it's news, Adam. It's
perishable. So is the company's
235
00:13:26,370 --> 00:13:27,410
And what about this?
236
00:13:28,330 --> 00:13:31,890
The company denied that negligence was a
possible cause, claiming that safety
237
00:13:31,890 --> 00:13:33,130
violations had been corrected.
238
00:13:33,370 --> 00:13:34,029
It's accurate.
239
00:13:34,030 --> 00:13:35,730
It's slanted. Okay, that's enough.
240
00:13:35,990 --> 00:13:37,730
We'll go with the story. It's
misleading.
241
00:13:37,990 --> 00:13:38,990
We'll go with it.
242
00:13:41,270 --> 00:13:44,590
After you read it to them and give
Kelektronik the chance to respond.
243
00:13:45,030 --> 00:13:46,030
Fair?
244
00:13:51,450 --> 00:13:53,790
But it's important that I speak with Mr.
Halen.
245
00:13:55,110 --> 00:13:56,110
Right.
246
00:13:56,520 --> 00:13:58,140
He's still in the same meeting?
247
00:13:59,880 --> 00:14:01,280
Well, has he gotten my other messages?
248
00:14:02,900 --> 00:14:03,900
He has.
249
00:14:05,860 --> 00:14:07,960
Well, that's all I needed to know. Thank
you.
250
00:14:08,740 --> 00:14:09,740
Any luck?
251
00:14:09,980 --> 00:14:12,020
I called three times. He's ducking me.
252
00:14:12,280 --> 00:14:13,039
Then he's out.
253
00:14:13,040 --> 00:14:14,480
He's in. He got his message.
254
00:14:17,380 --> 00:14:20,300
Okay. Let's go to what we've got.
They've had their chance.
255
00:14:30,890 --> 00:14:31,869
Good morning.
256
00:14:31,870 --> 00:14:36,490
For you, maybe. I already got a call
from Rick Haven at home at 6 .30.
257
00:14:36,930 --> 00:14:37,930
He's unhappy.
258
00:14:38,450 --> 00:14:39,550
Should have called yesterday.
259
00:14:39,810 --> 00:14:40,809
Ed, it's Dan.
260
00:14:40,810 --> 00:14:43,850
Don't worry. The more they complain, the
more we know we're on the right track.
261
00:14:44,090 --> 00:14:45,150
You could be wrong on this.
262
00:14:45,690 --> 00:14:49,010
Negligence is still a possible cause of
the fire until there's evidence to the
263
00:14:49,010 --> 00:14:53,630
contrary. Excuse me. Joe, this just came
by messenger. It might be important.
264
00:14:53,810 --> 00:14:56,690
Thanks, Leon. It's a report from my
awesome investigator brother.
265
00:15:02,190 --> 00:15:03,190
It was an accident.
266
00:15:03,290 --> 00:15:06,990
The explosion was caused by ruptured gas
mains which were weakened by recent
267
00:15:06,990 --> 00:15:07,990
load repairs.
268
00:15:09,230 --> 00:15:10,950
According to this, the city is
responsible.
269
00:15:12,030 --> 00:15:13,950
The electronics is in the clear.
270
00:15:17,670 --> 00:15:21,350
Lou Grant will continue in a moment here
on A &E.
271
00:15:26,010 --> 00:15:27,790
This will be in the courts for years.
272
00:15:28,710 --> 00:15:31,390
Maybe somebody in the company got to the
investigator.
273
00:15:31,980 --> 00:15:32,980
I thought he was your buddy.
274
00:15:33,200 --> 00:15:34,620
Yeah, up to a point.
275
00:15:35,120 --> 00:15:38,420
It just kills you to find out that big
business isn't guilty of something, does
276
00:15:38,420 --> 00:15:41,160
it? Come on, the story's over. Admit you
were wrong.
277
00:15:41,480 --> 00:15:44,300
I'm still not satisfied with the way the
company's handling this.
278
00:15:46,160 --> 00:15:48,320
Billy, I guess you better start working
on your correction.
279
00:15:50,680 --> 00:15:54,440
Correction? The story was right as far
as I knew at the time. This report is
280
00:15:54,440 --> 00:15:55,440
just new information.
281
00:15:55,760 --> 00:15:58,820
I don't care what you call it. I just
think you better start working on it.
282
00:15:59,720 --> 00:16:01,260
Possibly see if you can get to Sorenson.
283
00:16:01,850 --> 00:16:05,790
Trying to find out why a man retires
five minutes after he's named company
284
00:16:05,790 --> 00:16:06,790
president.
285
00:16:11,250 --> 00:16:13,010
Anything interesting coming in off the
wire?
286
00:16:13,450 --> 00:16:14,450
This is interesting.
287
00:16:14,650 --> 00:16:17,430
Tension mounting in his track at Red
Canyon Paper Mills up north.
288
00:16:17,810 --> 00:16:18,810
Yeah? So?
289
00:16:18,990 --> 00:16:20,930
Well, that's one of the mills that the
trivia announced.
290
00:16:21,290 --> 00:16:22,370
Want to put it on the budget?
291
00:16:22,590 --> 00:16:23,549
No, bother.
292
00:16:23,550 --> 00:16:26,550
Who cares about a fiddly little labor
dispute more than a thousand miles away?
293
00:16:29,450 --> 00:16:31,070
Another one of Adam's expense accounts?
294
00:16:31,500 --> 00:16:35,560
No, it's Al Henniker's column. He tells
of an environmental rally protesting a
295
00:16:35,560 --> 00:16:38,100
power plant left a half a ton of garbage
littering the park.
296
00:16:38,580 --> 00:16:39,519
Funny stuff.
297
00:16:39,520 --> 00:16:41,340
Jimmy, I can use a laugh.
298
00:16:46,200 --> 00:16:47,240
Okay if I join you?
299
00:16:47,960 --> 00:16:51,860
Oh, sure. Oh, thanks for the
advertising.
300
00:16:52,360 --> 00:16:55,740
Well, sometimes you make it a little
sticky for us, but we do okay.
301
00:16:56,620 --> 00:16:57,620
What do you mean sticky?
302
00:16:57,880 --> 00:17:00,440
Well, I don't mean to make a big deal
out of it.
303
00:17:00,880 --> 00:17:04,720
But a lot of people seem to feel that
the Trib has been running roughshod over
304
00:17:04,720 --> 00:17:05,720
Cal Electronics.
305
00:17:05,819 --> 00:17:09,020
We just report the news, Maris. We don't
make it. Well, I'm not looking for a
306
00:17:09,020 --> 00:17:10,359
fine. But what gives?
307
00:17:10,619 --> 00:17:12,500
I mean, the company spends a lot of
money with us.
308
00:17:12,920 --> 00:17:15,260
They've been a major employer around
here for nearly 30 years.
309
00:17:15,640 --> 00:17:16,760
Oh, I see.
310
00:17:17,020 --> 00:17:20,839
You think we should give special
treatment to the people who support the
311
00:17:21,099 --> 00:17:25,140
You'd rather we give special treatment
to people who oppose the Trib. If that's
312
00:17:25,140 --> 00:17:26,280
what it takes to be fair, yeah.
313
00:17:27,079 --> 00:17:29,000
Our news columns aren't for sale.
314
00:17:30,060 --> 00:17:33,260
We gave Cal Electronics plenty of
chances to tell their side of the story.
315
00:17:33,500 --> 00:17:35,140
I think what we did to that company
stinks.
316
00:17:36,660 --> 00:17:38,000
Write a letter to the editor.
317
00:17:40,060 --> 00:17:44,640
I wonder if the trip could take the kind
of investigation we dish out.
318
00:17:45,180 --> 00:17:46,660
You can bet on it, Maris.
319
00:17:49,880 --> 00:17:53,200
So whenever I take on a new position,
I'm reminded of that classic proverb
320
00:17:53,200 --> 00:17:54,200
Vietnam.
321
00:17:54,350 --> 00:17:57,550
The light at the end of the tunnel is
probably the headlamp of an oncoming
322
00:17:57,550 --> 00:17:58,550
train.
323
00:17:59,550 --> 00:18:00,910
Would it be an intrusion?
324
00:18:02,270 --> 00:18:04,590
I'm glad to see you two enjoying
yourselves. We are.
325
00:18:05,550 --> 00:18:07,170
But let's hit the trail line.
326
00:18:07,750 --> 00:18:12,650
To tell you the truth, Russell and I
have been so busy talking, we've not
327
00:18:12,650 --> 00:18:13,830
gone beyond first names.
328
00:18:14,130 --> 00:18:16,510
Oh, I'm sorry, Margaret. This is Russell
Davidson.
329
00:18:16,790 --> 00:18:18,670
I've known his family since New York.
330
00:18:19,330 --> 00:18:20,390
Margaret, attention.
331
00:18:21,330 --> 00:18:23,090
Russell's just taken over Calectronics.
332
00:18:23,810 --> 00:18:26,330
It's keeping me busy. What do you do,
Margaret?
333
00:18:26,610 --> 00:18:29,070
Oh, Margaret delivers newspapers for a
living.
334
00:18:29,370 --> 00:18:30,370
Well, she must have a good route.
335
00:18:30,770 --> 00:18:32,870
Actually, she owns the Tribune.
336
00:18:34,350 --> 00:18:35,350
Oh, hi.
337
00:18:35,530 --> 00:18:36,570
I'm glad we met.
338
00:18:39,750 --> 00:18:43,590
But I do think the Tribune is a fine
newspaper. What I don't understand is
339
00:18:43,590 --> 00:18:45,550
it insists on picking on big
corporations.
340
00:18:46,090 --> 00:18:48,730
Big corporations can take care of
themselves.
341
00:18:49,800 --> 00:18:52,060
I knew it was a good idea bringing you
two together.
342
00:18:52,380 --> 00:18:55,520
Actually, I don't think the Tribune
picks on anybody.
343
00:18:56,620 --> 00:19:00,560
Undeservedly. Well, maybe I'm being
sensitive, but you do run many pieces
344
00:19:00,560 --> 00:19:03,600
criticizing business, and the Tribune
itself is one of the biggest
345
00:19:03,600 --> 00:19:04,600
in California.
346
00:19:05,040 --> 00:19:09,360
Our financial reporters treat the
Tribune Corporation the same way they
347
00:19:09,360 --> 00:19:10,500
any other large business.
348
00:19:10,760 --> 00:19:11,760
Really?
349
00:19:12,120 --> 00:19:15,280
I understand there's a bitter strike
involving one of your paper mills in
350
00:19:15,280 --> 00:19:18,640
Washington. I've seen nothing on it in
the Tribune. Well, I don't... think
351
00:19:18,640 --> 00:19:22,200
people are interested in a labor dispute
that far away from home.
352
00:19:22,640 --> 00:19:24,860
How is it the Times ran a story on it?
353
00:19:25,200 --> 00:19:29,220
The same with one of the TV stations.
They obviously feel people are
354
00:19:30,040 --> 00:19:30,819
That's so.
355
00:19:30,820 --> 00:19:32,300
Margaret, come on, you guys.
356
00:19:32,640 --> 00:19:36,500
Let's talk about something non
-controversial, like bussing.
357
00:19:42,580 --> 00:19:46,120
Gentlemen, have we been fair?
358
00:19:47,210 --> 00:19:50,930
Or has the Tribune gone too far in its
coverage of the Calectronics fire?
359
00:19:51,350 --> 00:19:55,190
You can see we gave good play to the
story, denying that the fire may have
360
00:19:55,190 --> 00:19:57,630
caused by negligence. That should
satisfy them.
361
00:19:57,950 --> 00:19:59,170
I'm not so sure.
362
00:19:59,430 --> 00:20:01,130
They have only themselves to blame.
363
00:20:01,370 --> 00:20:05,270
The way they handle things after the
fire, refusing to cooperate, give out
364
00:20:05,270 --> 00:20:06,870
information, they act guilty.
365
00:20:07,190 --> 00:20:10,850
Right. When things go wrong, it's easier
to blame the press instead of
366
00:20:10,850 --> 00:20:11,850
themselves.
367
00:20:13,230 --> 00:20:14,230
Excuse me.
368
00:20:14,290 --> 00:20:15,290
Yes.
369
00:20:15,750 --> 00:20:16,750
I'll take it.
370
00:20:17,070 --> 00:20:18,210
This shouldn't take long.
371
00:20:18,810 --> 00:20:20,250
This is Margaret Pinchon.
372
00:20:22,950 --> 00:20:23,950
I see.
373
00:20:25,930 --> 00:20:27,570
The truck drivers, too?
374
00:20:29,110 --> 00:20:31,710
Well, have we been able to get any paper
out at all?
375
00:20:32,770 --> 00:20:33,770
I understand.
376
00:20:34,490 --> 00:20:37,870
We're going to have to make other
arrangements before the strike spreads.
377
00:20:39,990 --> 00:20:42,550
Call me again when you have some
cheerful news.
378
00:20:44,250 --> 00:20:45,250
Come on, Adam.
379
00:20:45,960 --> 00:20:48,260
I know you didn't buy me lunch just to
find out about my family.
380
00:20:49,820 --> 00:20:51,320
I want to know about Cal Electronics.
381
00:20:52,820 --> 00:20:53,820
So that's it.
382
00:20:54,560 --> 00:20:56,280
Tribbs slapped him around pretty good,
I'd say.
383
00:20:56,780 --> 00:20:58,220
How come I haven't seen your byline?
384
00:20:58,540 --> 00:21:00,480
You might say I've been slapped around a
bit myself.
385
00:21:01,440 --> 00:21:04,060
Well, why ask me about Cal Electronics?
I work for Braswell.
386
00:21:04,820 --> 00:21:07,300
Cal Electronics tried to buy Braswell a
couple of years ago.
387
00:21:07,840 --> 00:21:10,380
And they had to have passed on a lot of
internal information to you.
388
00:21:10,840 --> 00:21:12,540
That isn't stuff we can just give out.
389
00:21:14,380 --> 00:21:15,380
What do you want it?
390
00:21:15,630 --> 00:21:16,850
You looking to pin something on him?
391
00:21:17,110 --> 00:21:18,110
No, not really.
392
00:21:18,430 --> 00:21:21,370
I don't like a lot of stuff that's
disappeared in the trip either, but if
393
00:21:21,370 --> 00:21:22,690
going to argue about it, I need some
ammunition.
394
00:21:23,430 --> 00:21:24,430
You help?
395
00:21:24,850 --> 00:21:26,510
We had to return all that background
information.
396
00:21:27,850 --> 00:21:29,710
Are you trying to tell me you didn't
make copies?
397
00:21:32,030 --> 00:21:34,290
Only about three file drawers full.
They're in my office.
398
00:21:35,370 --> 00:21:36,390
Am I going to get to see them?
399
00:21:37,870 --> 00:21:38,870
I suppose so.
400
00:21:39,690 --> 00:21:41,630
But you're sure getting a lot to an ice
cream cone.
401
00:21:45,490 --> 00:21:48,510
It's imaginative, but I'm not sure the
banks will go for it, especially with
402
00:21:48,510 --> 00:21:52,330
media on our backs. Well, I think we
ought to fight fire with fire. We ought
403
00:21:52,330 --> 00:21:53,770
start our own ad campaign.
404
00:21:54,170 --> 00:21:57,590
I don't think that'll help us get a
loan. Well, something has to, because
405
00:21:57,590 --> 00:22:00,370
without the banks, we can kiss the
consumer products division goodbye.
406
00:22:00,810 --> 00:22:01,810
We'd have to sell.
407
00:22:02,110 --> 00:22:05,550
I don't want to do that. Well, let's not
forget those guys from the National
408
00:22:05,550 --> 00:22:08,570
News Watch show. They want an interview.
We could use it to our advantage.
409
00:22:09,750 --> 00:22:11,010
I want to think more about that.
410
00:22:11,340 --> 00:22:13,520
I'm not sure you're ever at an advantage
when it's their show.
411
00:22:14,000 --> 00:22:18,120
Russell, you turn them down and you've
got 30 million people hearing
412
00:22:18,120 --> 00:22:19,380
saying, no comment.
413
00:22:19,640 --> 00:22:20,840
That could sound sinister.
414
00:22:23,200 --> 00:22:24,200
Yes.
415
00:22:25,220 --> 00:22:26,220
I'll be right there.
416
00:22:27,200 --> 00:22:29,800
Gentlemen, you're going to have to
excuse me for a few minutes. I really
417
00:22:29,800 --> 00:22:30,980
talk to this lady from the tribunes.
418
00:22:31,960 --> 00:22:33,260
Hello, Miss Newman. Please come in.
419
00:22:33,680 --> 00:22:34,680
Thank you.
420
00:22:34,700 --> 00:22:35,780
Oh, hi again.
421
00:22:36,340 --> 00:22:38,180
If you need me, I'll be in my office.
Okay.
422
00:22:40,200 --> 00:22:41,200
Dylan.
423
00:22:41,870 --> 00:22:42,870
except New York.
424
00:22:45,050 --> 00:22:46,050
Sit down, please.
425
00:22:46,350 --> 00:22:49,690
To be honest, Mr. Davidson, I wasn't
sure I'd be welcome.
426
00:22:50,530 --> 00:22:52,130
I think we got off on the wrong foot.
427
00:22:52,690 --> 00:22:55,990
Let's start over, and this time I'll
answer any questions you have.
428
00:22:56,850 --> 00:22:57,850
Fair enough.
429
00:22:58,570 --> 00:23:01,890
Why don't we begin by you explaining
your position as you see it.
430
00:23:02,690 --> 00:23:04,690
What is the biggest problem you face?
431
00:23:06,330 --> 00:23:07,330
Age.
432
00:23:08,550 --> 00:23:10,550
No. Not me. Not yet, anyway.
433
00:23:12,240 --> 00:23:13,240
plants are old.
434
00:23:13,460 --> 00:23:14,660
Out of step with the times.
435
00:23:15,120 --> 00:23:18,680
That's not just us either. The same goes
for American industry in general. The
436
00:23:18,680 --> 00:23:21,860
plants that taught the world how to
produce are ready for the scrap heap.
437
00:23:24,100 --> 00:23:25,100
Excuse me.
438
00:23:26,680 --> 00:23:27,680
Yes.
439
00:23:29,920 --> 00:23:31,480
Would you mind waiting outside tonight?
440
00:23:32,060 --> 00:23:33,880
Oh, no problem.
441
00:23:37,580 --> 00:23:38,580
Davidson here.
442
00:23:44,520 --> 00:23:45,520
to hear it straight.
443
00:23:46,180 --> 00:23:48,360
You're sure you've checked all the major
lenders?
444
00:23:50,500 --> 00:23:52,620
No, I know the publicity hasn't helped.
445
00:23:56,060 --> 00:23:58,460
I think you've summed it up rather well.
446
00:23:59,540 --> 00:24:00,540
Thank you.
447
00:24:08,240 --> 00:24:09,560
Send Miss Newman back in.
448
00:24:17,520 --> 00:24:18,960
I just have a few more questions.
449
00:24:20,360 --> 00:24:25,280
Um, does your progressive approach to
running this business have anything to
450
00:24:25,280 --> 00:24:26,560
with Mr. Sorensen's retirement?
451
00:24:27,160 --> 00:24:29,440
Sort of a change in corporate thinking?
452
00:24:29,680 --> 00:24:31,400
My hiring has nothing to do with Mr.
453
00:24:31,680 --> 00:24:34,860
Sorensen. We try to explain things to
you, and you insist on coming back with
454
00:24:34,860 --> 00:24:35,860
the same suspicions.
455
00:24:37,000 --> 00:24:40,120
I didn't mean it that way. I just...
Look, I'm sorry.
456
00:24:40,620 --> 00:24:43,820
Something's come up. Can we do this
another time? I just need another
457
00:24:43,940 --> 00:24:45,040
You've had too many minutes already.
458
00:25:03,760 --> 00:25:04,760
We lost the damn loan.
459
00:25:05,840 --> 00:25:08,440
You were right. The only defense against
the press is a good offense.
460
00:25:08,640 --> 00:25:11,000
So call the national news watch people
and tell them we'll do the interview.
461
00:25:11,160 --> 00:25:12,720
Then get in here. We've got work to do.
462
00:25:16,240 --> 00:25:19,740
Lou Grant will continue in a moment here
on A &E.
463
00:25:25,240 --> 00:25:28,140
Remember, take your time, but try and
keep your answers short.
464
00:25:28,720 --> 00:25:31,860
I'll be okay. I think we've gone over
every possible question he could ask.
465
00:25:35,600 --> 00:25:36,940
Just try to relax, Mr. Davidson.
466
00:25:37,300 --> 00:25:40,500
Take all the time you want. Make your
answers as long as you like.
467
00:25:40,860 --> 00:25:42,860
Film's cheap. Besides that, we're paying
for it.
468
00:25:43,480 --> 00:25:44,540
I'm ready when you are, Gary.
469
00:26:10,640 --> 00:26:11,640
weather we're having.
470
00:26:12,240 --> 00:26:13,240
Not bad.
471
00:26:13,660 --> 00:26:14,920
Could be a lot worse.
472
00:26:15,880 --> 00:26:17,380
I used to live in New Jersey.
473
00:26:18,020 --> 00:26:20,420
It's a lot better than the winters in
New Jersey.
474
00:26:21,020 --> 00:26:23,840
I used to travel back east a lot before
I retired.
475
00:26:25,220 --> 00:26:26,820
Dreadful weather this time of year.
476
00:26:29,020 --> 00:26:30,020
Except Christmas.
477
00:26:31,440 --> 00:26:33,940
I always loved New York during
Christmas.
478
00:26:34,580 --> 00:26:35,580
Me too.
479
00:26:35,980 --> 00:26:37,060
I'm Joe Rossi.
480
00:26:38,600 --> 00:26:39,600
Lester Thornton.
481
00:26:42,760 --> 00:26:44,440
I'm with the Los Angeles Tribune.
482
00:26:45,360 --> 00:26:46,600
Can I talk to you a minute?
483
00:26:50,240 --> 00:26:52,380
I assume it's not about the weather.
484
00:26:52,780 --> 00:26:53,780
No.
485
00:26:54,880 --> 00:26:58,460
No. Would you mind telling me why you
left Cal Electronics?
486
00:26:58,780 --> 00:26:59,960
That's none of your business.
487
00:27:01,180 --> 00:27:05,980
Mr. Sorensen, we heard the company had
some financial difficulties. Were they
488
00:27:05,980 --> 00:27:09,140
using you as a scapegoat? I have no
comment, Mr. Rossi.
489
00:27:09,620 --> 00:27:10,620
Come on back.
490
00:27:18,730 --> 00:27:20,810
Mr. Davidson, you're an expert.
491
00:27:21,430 --> 00:27:22,930
You're a highly qualified man.
492
00:27:23,490 --> 00:27:26,810
Tell us, where's the basic problem with
American business?
493
00:27:27,070 --> 00:27:28,110
Our plants are outdated.
494
00:27:28,730 --> 00:27:31,010
Without modernization, we're dead in the
world market.
495
00:27:31,250 --> 00:27:33,170
But other countries have managed to
modernize.
496
00:27:33,630 --> 00:27:35,030
Germany, Japan, for instance.
497
00:27:35,330 --> 00:27:38,050
Well, after World War II, they rebuilt
their industries from the ground up.
498
00:27:38,550 --> 00:27:42,670
So you're saying, in effect, that they
won the war, Germany and Japan?
499
00:27:43,050 --> 00:27:44,110
Well, the industrial war.
500
00:27:44,570 --> 00:27:45,570
With our help, yes.
501
00:27:46,030 --> 00:27:47,730
Let's pretend for a moment that...
502
00:27:48,060 --> 00:27:51,680
You are not the president of Cal
Electronics, but you have a chance to
503
00:27:52,040 --> 00:27:53,040
Would you do it?
504
00:27:55,360 --> 00:27:56,780
The price were right.
505
00:27:57,780 --> 00:28:00,280
I think I'd be delighted to buy Cal
Electronics.
506
00:28:00,900 --> 00:28:01,900
Really?
507
00:28:02,360 --> 00:28:04,780
A corporation that's just posted
staggering losses?
508
00:28:05,560 --> 00:28:08,640
A corporation whose equipment is
hopelessly outdated?
509
00:28:09,160 --> 00:28:11,880
We're talking about a company that's
just had a disastrous fire.
510
00:28:12,180 --> 00:28:15,160
It's been cited by the fire department
for a dozen safety violations.
511
00:28:15,740 --> 00:28:17,760
Gary, those accusations are misleading.
512
00:28:18,180 --> 00:28:19,960
And you've been losing ground to the
imports.
513
00:28:20,460 --> 00:28:24,200
Now, how do we know that Cal Electronics
won't just belly up in a year?
514
00:28:24,460 --> 00:28:27,900
Well, don't sell Cal Electronics short.
We're making a strong comeback, and we
515
00:28:27,900 --> 00:28:30,620
fully intend to become a leader in our
field again.
516
00:28:31,000 --> 00:28:32,360
Is this part of your comeback?
517
00:28:33,320 --> 00:28:35,820
As you can see, we've set up two stereo
amplifiers.
518
00:28:36,120 --> 00:28:41,780
They seem almost identical in every
detail, but one is made by your company,
519
00:28:41,780 --> 00:28:43,840
other's from Japan. Now, what is the
real difference?
520
00:28:44,360 --> 00:28:46,880
Well, the Japanese stereo doesn't have
the same high -range capabilities.
521
00:28:47,340 --> 00:28:48,940
But it sells for $60 less.
522
00:28:49,380 --> 00:28:52,160
Well, we can't touch that price, but you
get what you pay for.
523
00:28:52,400 --> 00:28:53,900
With theirs, you pay a lot less.
524
00:28:54,280 --> 00:28:55,300
Now, why is that?
525
00:28:56,160 --> 00:28:59,060
They have the support of their
government, and they're willing to sell
526
00:28:59,060 --> 00:29:01,700
.S. at a loss for years if necessary to
create demand.
527
00:29:02,140 --> 00:29:05,400
Is the high cost of U .S. labor a major
part of the blame?
528
00:29:06,840 --> 00:29:09,020
U .S. workers earn the highest wages in
the world.
529
00:29:09,420 --> 00:29:10,580
They also deserve them.
530
00:29:10,780 --> 00:29:12,700
But labor always wants more money.
531
00:29:13,150 --> 00:29:13,989
And why not?
532
00:29:13,990 --> 00:29:16,290
Inflation hits the workers harder than
the guys in the boardroom.
533
00:29:18,010 --> 00:29:19,510
We've got a problem. What?
534
00:29:20,730 --> 00:29:22,930
This is a newsletter for utility
companies.
535
00:29:23,570 --> 00:29:28,170
Funny article about environmentalists
who left half a ton of litter at a rally
536
00:29:28,170 --> 00:29:29,230
against a power plant.
537
00:29:29,870 --> 00:29:30,950
Does that sound familiar?
538
00:29:33,150 --> 00:29:36,570
So, Hal sold a freelance piece on his
column.
539
00:29:36,770 --> 00:29:37,709
So what?
540
00:29:37,710 --> 00:29:41,230
This is the pre -written column that
they send out to the weekly shoppers and
541
00:29:41,230 --> 00:29:42,230
throwaways.
542
00:29:46,410 --> 00:29:47,149
Come here a minute.
543
00:29:47,150 --> 00:29:48,510
I'm late, Lou. Can I wait?
544
00:29:48,790 --> 00:29:49,790
Now!
545
00:29:54,990 --> 00:29:55,990
What's the problem?
546
00:29:56,090 --> 00:29:57,150
You're the problem.
547
00:29:57,530 --> 00:30:01,970
You took a prepackaged column written by
a power company publicist and ran it
548
00:30:01,970 --> 00:30:02,970
under your byline.
549
00:30:04,590 --> 00:30:06,910
Okay, so it's a big deal.
550
00:30:07,290 --> 00:30:11,670
It was a press release and I released
it. We pay you to write, not open mail.
551
00:30:11,670 --> 00:30:13,350
can't use every piece the company sends
us.
552
00:30:13,570 --> 00:30:14,610
I don't use every piece.
553
00:30:15,440 --> 00:30:16,419
I'm very selective.
554
00:30:16,420 --> 00:30:18,060
Then select your own ideas.
555
00:30:18,640 --> 00:30:22,160
If that column you turned in for
tomorrow is another handout, you can
556
00:30:26,080 --> 00:30:27,080
It's okay.
557
00:30:27,620 --> 00:30:28,780
It's my own writing.
558
00:30:31,400 --> 00:30:33,960
I just forgot to proof it.
559
00:30:38,020 --> 00:30:41,220
I found Sorensen, but he won't talk. He
was very hostile.
560
00:30:41,440 --> 00:30:42,600
He's not the only one.
561
00:30:45,930 --> 00:30:46,930
Maybe he's hiding something.
562
00:30:47,450 --> 00:30:49,790
Maybe the company paid him off and he
had to agree to silence.
563
00:30:50,770 --> 00:30:52,350
Find out whatever it is.
564
00:30:52,970 --> 00:30:55,270
A big company like that can't keep
secrets very long.
565
00:30:58,570 --> 00:30:59,570
Adam, what do you got?
566
00:30:59,670 --> 00:31:01,250
I got a good piece on Cal Electronics.
567
00:31:01,570 --> 00:31:02,570
Another handout?
568
00:31:02,650 --> 00:31:03,649
Not exactly.
569
00:31:03,650 --> 00:31:05,230
But I got a look at a lot of their
record.
570
00:31:05,490 --> 00:31:08,990
A few years back, one of their divisions
made components that apparently led to
571
00:31:08,990 --> 00:31:10,490
several of their workers getting cancer.
572
00:31:11,330 --> 00:31:12,330
Cancer? How many?
573
00:31:12,410 --> 00:31:13,410
Maybe five.
574
00:31:13,660 --> 00:31:16,700
They traced the cause back to a chemical
used in one stage of the manufacturing
575
00:31:16,700 --> 00:31:20,700
and replaced it with a safe one. But
they never made it public? The workers
576
00:31:20,700 --> 00:31:24,260
compensated, but I have memos warning of
the need for no publicity.
577
00:31:24,700 --> 00:31:26,860
I wasn't on the budget. I'd like it for
first today.
578
00:31:27,120 --> 00:31:29,660
I didn't think I'd have time to check
with them. I haven't been able to reach
579
00:31:29,660 --> 00:31:30,680
Calectronics for a react.
580
00:31:31,260 --> 00:31:32,600
Pay with it. I want it for tonight.
581
00:31:34,360 --> 00:31:35,840
Luke? Thanks, Ralph.
582
00:31:39,150 --> 00:31:42,510
Just an update on the strike at Red
Canyon Paper Mill. According to this,
583
00:31:42,510 --> 00:31:43,670
strike may spread to other mills.
584
00:31:43,890 --> 00:31:45,290
If it does, we'll take another look.
585
00:31:46,110 --> 00:31:47,110
Yeah, that should do it.
586
00:31:48,010 --> 00:31:51,390
And we also think there's a good
possibility that we can arrange a stock
587
00:31:52,270 --> 00:31:53,270
Thanks.
588
00:31:54,450 --> 00:31:57,670
So what do you think? You think the plan
will work? Of course it will work. You
589
00:31:57,670 --> 00:31:58,690
don't need me to tell you that.
590
00:31:59,810 --> 00:32:03,670
I'd value your opinion, Les. I wouldn't
be here without your help. Don't be so
591
00:32:03,670 --> 00:32:04,569
quick to thank me.
592
00:32:04,570 --> 00:32:06,850
You may live to regret taking the job.
593
00:32:07,210 --> 00:32:08,210
Not.
594
00:32:08,929 --> 00:32:10,130
chance. I'm serious.
595
00:32:10,510 --> 00:32:13,510
Press has been hard on you, especially
the Tribune.
596
00:32:13,930 --> 00:32:16,810
That negative publicity could wreck
everything you're trying to do.
597
00:32:17,070 --> 00:32:20,110
I can handle the press. We've already
got a couple of things in the works.
598
00:32:20,110 --> 00:32:23,990
worry about it. Well, I do worry about
it when I think how I'm responsible for
599
00:32:23,990 --> 00:32:25,530
the company's nearly going under.
600
00:32:25,770 --> 00:32:30,250
Les, it's not your fault. Of course it
is.
601
00:32:30,850 --> 00:32:34,630
You know, a Tribune reporter tried to
interview me today.
602
00:32:35,150 --> 00:32:37,910
I wouldn't talk to him, but maybe I
should.
603
00:32:38,440 --> 00:32:40,500
It's time we explained why I left.
604
00:32:41,120 --> 00:32:45,440
That was a fine story Adam cranked out
on the cancer victims at Cal
605
00:32:45,760 --> 00:32:47,260
What sort of response have we had?
606
00:32:47,540 --> 00:32:51,000
A lot of calls from readers wanting to
know more. People are afraid they've
607
00:32:51,000 --> 00:32:52,080
exposed to the same chemicals.
608
00:32:52,320 --> 00:32:55,640
I'd feel better if we could have gotten
a reaction from the company before we
609
00:32:55,640 --> 00:32:56,499
ran with it.
610
00:32:56,500 --> 00:32:58,460
Adam tried to reach him. They won't take
our calls.
611
00:32:58,660 --> 00:32:59,619
That's their problem.
612
00:32:59,620 --> 00:33:01,460
Hi, Glenn. Come on in. What do you got?
613
00:33:01,660 --> 00:33:03,640
Trouble. Your personal copy?
614
00:33:07,360 --> 00:33:08,720
Here's your reaction, Charlie.
615
00:33:09,380 --> 00:33:10,960
Electronics taking out an ad in Madrid.
616
00:33:11,980 --> 00:33:13,780
But it's not to sell stereo equipment.
617
00:33:14,140 --> 00:33:15,240
It's to attack us.
618
00:33:15,800 --> 00:33:17,920
It's so obvious they're looking for
revenge.
619
00:33:18,760 --> 00:33:20,000
That's pretty expensive revenge.
620
00:33:20,340 --> 00:33:23,100
They've scheduled an ad this size twice
a week for a solid month.
621
00:33:23,620 --> 00:33:25,200
Maybe they figure they have nothing to
lose.
622
00:33:25,620 --> 00:33:28,840
Maybe they figure they've got something
to gain like that loan they want.
623
00:33:29,180 --> 00:33:31,300
Maybe it's the only way they can tell
their side of the story.
624
00:33:31,520 --> 00:33:35,080
I'm warning you, Charlie. The way we've
treated that company is making a lot of
625
00:33:35,080 --> 00:33:36,600
people in the business community
furious.
626
00:33:37,240 --> 00:33:38,340
That's my problem, Glenn.
627
00:33:38,780 --> 00:33:39,659
Not yours.
628
00:33:39,660 --> 00:33:42,560
Fine, I'll transfer all the complaints
to you. You can explain our position.
629
00:33:42,800 --> 00:33:44,440
I'm tired of apologizing for it.
630
00:33:48,600 --> 00:33:49,660
Oh, you saw the ad.
631
00:33:49,900 --> 00:33:50,879
Isn't it great?
632
00:33:50,880 --> 00:33:51,880
You think that's great?
633
00:33:52,140 --> 00:33:53,160
Yeah, they mentioned my name.
634
00:33:53,860 --> 00:33:55,020
Must mean I have them scared.
635
00:33:55,460 --> 00:33:56,580
No way it's a tribute.
636
00:33:56,900 --> 00:33:58,260
Can I get this? Oh, be my guest.
637
00:34:00,860 --> 00:34:03,980
Mr. Groff, have you seen this?
638
00:34:04,880 --> 00:34:08,280
I figure they're trying to intimidate
us. You know, circumvent the press by
639
00:34:08,280 --> 00:34:09,300
going directly to people.
640
00:34:09,540 --> 00:34:14,260
This is not circumvention. It is not
even intimidation. This is an act of
641
00:34:16,739 --> 00:34:20,400
Lou Grant will continue in a moment here
on A &E.
642
00:34:23,239 --> 00:34:24,480
Cancer cover -up.
643
00:34:24,800 --> 00:34:26,320
Calectronics workers hit.
644
00:34:27,679 --> 00:34:32,320
This isn't a newspaper. It's a scandal
sheet. It's inexcusable. It's absolutely
645
00:34:32,320 --> 00:34:35,460
inexcusable. Where could they have
gotten this? That's a good question.
646
00:34:35,460 --> 00:34:38,280
going to take a long time to trace that
leak. It's a good thing you started the
647
00:34:38,280 --> 00:34:39,739
ads today. It looks like we're fighting
back.
648
00:34:40,060 --> 00:34:43,659
Yeah, you know what gets me? Is the
headline. The trip makes it sound like
649
00:34:43,659 --> 00:34:46,600
thousands of our workers are involved
instead of just a few in one small
650
00:34:46,600 --> 00:34:48,080
department. It's absolutely misleading.
651
00:34:48,400 --> 00:34:52,340
Use that. Use that in the ads. Yeah,
I've already started a rough draft. Boy,
652
00:34:52,460 --> 00:34:55,500
they are really getting arrogant. I
can't believe they didn't give us a
653
00:34:55,500 --> 00:34:56,259
to respond.
654
00:34:56,260 --> 00:34:57,259
Oh, they called.
655
00:34:57,260 --> 00:35:00,980
called. One of the reporters called
after six, Adam Wilson. I got the
656
00:35:00,980 --> 00:35:04,620
this morning when it was too late. The
real kicker is that there is not much we
657
00:35:04,620 --> 00:35:07,100
can do. The facts are there, but
everything is slanted to put us in the
658
00:35:07,100 --> 00:35:10,880
possible light. Sure, you run a
newspaper and you're home free. Run a
659
00:35:10,880 --> 00:35:11,880
and you're a target.
660
00:35:17,680 --> 00:35:21,220
Get me Margaret Pinchon at the Tribune.
If she's not in, find her.
661
00:35:25,480 --> 00:35:26,720
This is Margaret Pinchon.
662
00:35:27,080 --> 00:35:28,300
I want a meeting with you.
663
00:35:28,600 --> 00:35:32,300
What a coincidence, Mr. Davidson,
because I certainly want to have a
664
00:35:32,300 --> 00:35:33,300
with you.
665
00:35:33,760 --> 00:35:35,820
But other countries have managed to
modernize.
666
00:35:36,340 --> 00:35:37,820
Germany, Japan, for instance.
667
00:35:38,320 --> 00:35:42,160
Yes, but after World War II, they
rebuilt their industries from the ground
668
00:35:42,300 --> 00:35:46,020
Our plants are hopelessly outdated.
Without modernization, we're dead in the
669
00:35:46,020 --> 00:35:46,819
world market.
670
00:35:46,820 --> 00:35:49,500
Boy, they pissed him if that one could
knock that out of the park.
671
00:35:49,880 --> 00:35:53,140
So, in a sense, you're saying that
they've won the war. With our help, yes.
672
00:35:53,710 --> 00:35:55,670
They've chopped this up with editing. I
don't like it.
673
00:35:55,930 --> 00:36:00,370
Mr. Davidson, let's pretend for a moment
that you are not the president of Cal
674
00:36:00,370 --> 00:36:03,270
Electronics, but you have the chance to
buy it.
675
00:36:04,290 --> 00:36:05,290
Now, would you do it?
676
00:36:05,730 --> 00:36:10,910
I think if the price were right, I'd be
delighted to buy Cal Electronics.
677
00:36:12,150 --> 00:36:13,250
He's really squirming.
678
00:36:13,730 --> 00:36:16,030
You can just tell what a crook the guy
is. Look at him sweating.
679
00:36:16,590 --> 00:36:18,250
He's put two under those lights.
680
00:36:19,070 --> 00:36:21,930
Notice how they always show a much more
flattering shot of Hall.
681
00:36:22,470 --> 00:36:23,470
Really?
682
00:36:24,040 --> 00:36:26,400
A corporation that's just posted
staggering losses?
683
00:36:27,280 --> 00:36:30,600
A corporation whose equipment is
hopelessly outdated?
684
00:36:31,800 --> 00:36:34,820
Gary, those accusations are... It really
galls me to see him get away with this.
685
00:36:35,040 --> 00:36:37,780
We're talking about a company that's
just had a disastrous fire.
686
00:36:38,420 --> 00:36:41,320
They've been cited by the fire
department for a dozen safety
687
00:36:41,700 --> 00:36:45,080
I think we're making a strong comeback,
and we have every intention of becoming
688
00:36:45,080 --> 00:36:47,740
a leader in our field again. Is this
part of your comeback?
689
00:36:48,040 --> 00:36:50,440
As you can see, we've set up two stereo
amplifiers.
690
00:36:50,800 --> 00:36:53,120
They seem to be almost identical in
every detail.
691
00:36:53,710 --> 00:36:56,350
But one was made by your company, and
the other's from Japan.
692
00:36:57,130 --> 00:36:58,450
Now, what's the real difference?
693
00:36:59,570 --> 00:37:02,210
The Japanese system doesn't have the
same high -range capabilities.
694
00:37:02,670 --> 00:37:04,530
But it costs $60 less.
695
00:37:04,950 --> 00:37:06,250
Well, we can't touch that price.
696
00:37:06,670 --> 00:37:09,630
Is the high cost of U .S. labor a major
part of the problem?
697
00:37:10,010 --> 00:37:12,110
U .S. workers earn the highest wages in
the world.
698
00:37:12,590 --> 00:37:14,890
But labor always wants more money. And
why not?
699
00:37:18,370 --> 00:37:22,210
This just came in, Luke. Figured you'd
want to see it. Thanks.
700
00:37:23,180 --> 00:37:24,320
Something on the Davidson interview?
701
00:37:25,020 --> 00:37:26,680
No, we've got our own troubles.
702
00:37:27,120 --> 00:37:29,680
There's another big demonstration at the
Red Canyon paper mill.
703
00:37:30,240 --> 00:37:31,600
Two men were killed in the melee.
704
00:37:32,260 --> 00:37:34,260
I better call Mrs. Pinscher at home.
705
00:37:35,880 --> 00:37:37,000
They're highly qualified.
706
00:37:39,660 --> 00:37:42,140
Mr. Thornton, I was really surprised you
called.
707
00:37:42,520 --> 00:37:43,740
I wanted to call you earlier.
708
00:37:44,040 --> 00:37:46,600
Russell Davidson advised against it.
709
00:37:46,940 --> 00:37:47,940
Somehow I'm not surprised.
710
00:37:48,280 --> 00:37:49,280
Perhaps you will be.
711
00:37:49,680 --> 00:37:52,080
Do you want to know why I left the
company, Mr. Ross?
712
00:37:52,840 --> 00:37:55,440
I suspect by now you've imagined all
sorts of scenarios.
713
00:37:56,220 --> 00:37:59,320
Political squeeze plays, scandals,
embezzlement.
714
00:37:59,660 --> 00:38:02,680
We usually figure there's more to the
story than the company lets on.
715
00:38:02,980 --> 00:38:06,240
A man doesn't spend a chunk of his life
moving up the ladder, get named
716
00:38:06,240 --> 00:38:07,780
president, and suddenly retire.
717
00:38:08,740 --> 00:38:10,120
You had a lot invested.
718
00:38:12,280 --> 00:38:15,080
In all the wrong things.
719
00:38:15,400 --> 00:38:16,900
So one day you just chucked it?
720
00:38:17,800 --> 00:38:19,080
That's a little hard to buy.
721
00:38:20,040 --> 00:38:21,140
Have you ever...
722
00:38:22,600 --> 00:38:24,660
Come up against your own limitations.
723
00:38:26,380 --> 00:38:27,380
What do you mean?
724
00:38:30,380 --> 00:38:31,820
It happened at a board meeting.
725
00:38:33,560 --> 00:38:38,440
One moment I found myself listening to a
report on the comparative costs of
726
00:38:38,440 --> 00:38:39,600
model changeovers.
727
00:38:40,720 --> 00:38:44,200
And the next, I found myself crying.
728
00:38:45,740 --> 00:38:48,100
I didn't even know why it was happening
to me then.
729
00:38:49,220 --> 00:38:51,160
The other board members didn't know what
to do.
730
00:38:52,110 --> 00:38:54,690
The man reading the report was
embarrassed.
731
00:38:55,950 --> 00:38:57,630
He just kept on reading.
732
00:38:59,950 --> 00:39:02,530
I found myself feeling sorry for them.
733
00:39:04,130 --> 00:39:06,190
But I could not stop crying.
734
00:39:07,410 --> 00:39:08,970
I broke down after all.
735
00:39:10,830 --> 00:39:13,310
Like an old, worn -out heart.
736
00:39:15,290 --> 00:39:16,310
I understand.
737
00:39:16,690 --> 00:39:17,690
Pressure's involved.
738
00:39:20,430 --> 00:39:21,970
Why did they discard you?
739
00:39:22,470 --> 00:39:23,870
No, you don't understand.
740
00:39:24,690 --> 00:39:26,190
They wanted me back.
741
00:39:26,910 --> 00:39:29,550
But I discovered I didn't need this in
my life anymore.
742
00:39:30,390 --> 00:39:31,390
What do you need?
743
00:39:32,350 --> 00:39:33,410
What will you do now?
744
00:39:34,550 --> 00:39:37,450
I'll go back to work for the company.
But on a limited basis.
745
00:39:37,770 --> 00:39:41,190
With less responsibility. Less pressure.
746
00:39:41,770 --> 00:39:46,330
Why was the company so secretive? Why
didn't Davidson just explain what
747
00:39:46,330 --> 00:39:47,410
to you and get it over with?
748
00:39:49,040 --> 00:39:51,760
Because Russell Davidson is a decent
man.
749
00:39:55,360 --> 00:39:59,500
Remember, tomorrow we have the suburbia
section, so deadlines are an hour early.
750
00:39:59,980 --> 00:40:01,400
Plus, it's heading for page one.
751
00:40:01,640 --> 00:40:03,260
We got that thing on the Red Canyon
strike.
752
00:40:03,600 --> 00:40:04,600
I don't know.
753
00:40:04,860 --> 00:40:06,060
A brief, maybe.
754
00:40:06,300 --> 00:40:09,700
Come on, Charlie. Two deaths? The DA up
there is preparing murder charges?
755
00:40:10,000 --> 00:40:13,120
I don't think we can ignore it. Not
unless we want to give Calectonic's ad
756
00:40:13,120 --> 00:40:14,120
campaign more ammunition.
757
00:40:15,560 --> 00:40:19,020
All right, we'll put it inside. Make
sure that the truck's ownership of the
758
00:40:19,020 --> 00:40:21,860
is up near the lead. And hold it to 300
words.
759
00:40:22,840 --> 00:40:23,698
What else?
760
00:40:23,700 --> 00:40:25,420
Just one story from Metro you might
want.
761
00:40:25,760 --> 00:40:27,360
Rossi's piece on Sorenson.
762
00:40:27,580 --> 00:40:29,760
Analyzing the breakdown of a company and
a man.
763
00:40:30,100 --> 00:40:31,100
Good piece.
764
00:40:31,300 --> 00:40:32,300
Thorough and sympathetic.
765
00:40:33,060 --> 00:40:34,220
Good enough for page one?
766
00:40:34,460 --> 00:40:35,460
I think so.
767
00:40:35,780 --> 00:40:36,940
And that's where it sits.
768
00:40:37,360 --> 00:40:38,360
Below the floor.
769
00:40:39,880 --> 00:40:40,880
Come in, gentlemen.
770
00:40:41,440 --> 00:40:42,540
This is Mr.
771
00:40:42,760 --> 00:40:43,760
Davidson.
772
00:40:43,930 --> 00:40:46,750
He has some reservations about the
Sorensen article.
773
00:40:47,190 --> 00:40:51,510
I don't have any reservations, Mrs.
Pinchon. I think it was unfair and cheap
774
00:40:51,510 --> 00:40:53,490
destructive. Wait a second.
775
00:40:53,810 --> 00:40:55,630
That story had a lot of relevance.
776
00:40:55,950 --> 00:40:59,370
Why did it end up on page one? Because
it was humiliating gossip.
777
00:40:59,770 --> 00:41:02,370
It was news when Sorensen joined
Calectronics.
778
00:41:02,940 --> 00:41:06,560
It was news when his contributions added
to the success of the company. It was
779
00:41:06,560 --> 00:41:09,380
news when he and the company got in
trouble. There is a difference between
780
00:41:09,380 --> 00:41:14,040
reporting the news and sensationalizing
it. Mr. Davidson, a good newspaper tells
781
00:41:14,040 --> 00:41:17,240
the reader who, what, where, when, and
why.
782
00:41:18,140 --> 00:41:22,380
Unfortunately, Mr. Sorensen was the why,
which is the toughest part of any
783
00:41:22,380 --> 00:41:24,780
story. Speaking of why...
784
00:41:25,440 --> 00:41:29,180
Why have you downplayed this story about
violence at one of your own mills? We
785
00:41:29,180 --> 00:41:31,100
have not downplayed that.
786
00:41:31,300 --> 00:41:32,660
We ran a story today.
787
00:41:33,120 --> 00:41:34,058
I noticed.
788
00:41:34,060 --> 00:41:35,060
It's page 23.
789
00:41:35,120 --> 00:41:38,240
The ad for tummy flatteners got better
position and more space.
790
00:41:38,700 --> 00:41:41,020
It isn't exactly a local story.
791
00:41:41,800 --> 00:41:46,880
Then why do you banner every development
in a strike in Poland half a world
792
00:41:46,880 --> 00:41:47,880
away?
793
00:41:47,900 --> 00:41:52,280
Two men died at Red Canyon Paper Mills,
which is only a thousand miles from
794
00:41:52,280 --> 00:41:53,700
here, and owned by the Triff.
795
00:41:54,480 --> 00:41:55,480
You're right.
796
00:41:55,880 --> 00:41:57,400
It was a bad call.
797
00:41:57,840 --> 00:42:01,100
First we ignored the story, then we
downplayed it.
798
00:42:03,900 --> 00:42:08,640
Maybe we were too sensitive about our
own involvement to be really objective.
799
00:42:09,140 --> 00:42:10,140
Oh.
800
00:42:11,440 --> 00:42:15,820
When you make a mistake, it's a bad
call.
801
00:42:16,520 --> 00:42:18,800
When we make one, you hang us out to
dry.
802
00:42:19,630 --> 00:42:22,290
What am I supposed to do, call your
readers on the phone and say there was
803
00:42:22,290 --> 00:42:25,250
error in the story? You guys try to
blame everything on the media.
804
00:42:26,170 --> 00:42:27,170
Imports are threatening.
805
00:42:27,350 --> 00:42:32,330
The quality of goods and services
deteriorates. You have national recalls.
806
00:42:32,970 --> 00:42:35,930
And somehow it's our fault. Well, I
don't buy that.
807
00:42:36,170 --> 00:42:39,830
I blame you for sacrificing accuracy for
speed, yes.
808
00:42:40,270 --> 00:42:43,950
And what about that cancer story? You
made it seem as though all Calectronics
809
00:42:43,950 --> 00:42:45,430
workers were affected, not just five.
810
00:42:45,770 --> 00:42:46,810
Was the story accurate?
811
00:42:47,280 --> 00:42:48,280
Gentlemen, please.
812
00:42:48,500 --> 00:42:52,200
Are we here to discuss our problems or
to aggravate them?
813
00:42:53,380 --> 00:42:56,960
Mr. Davidson, what do you want from us?
814
00:42:57,200 --> 00:42:59,880
I want a little more consideration.
815
00:43:00,720 --> 00:43:05,100
We're tired of constantly reading that
American business is second rate. That
816
00:43:05,100 --> 00:43:08,720
we're riddled with inefficiency. You
print that often enough and you make it
817
00:43:08,720 --> 00:43:09,720
come true.
818
00:43:10,080 --> 00:43:12,400
We'll try to be sensitive to your needs.
819
00:43:13,520 --> 00:43:15,480
But you'll be sensitive to ours.
820
00:43:16,200 --> 00:43:19,500
You try to come up with the information
that we need. Don't duck us.
821
00:43:19,920 --> 00:43:23,080
Don't treat us as though we were not
entitled to know.
822
00:43:23,580 --> 00:43:25,560
And then we'll give you the benefit of
the doubt.
823
00:43:28,520 --> 00:43:31,160
You work on being accurate, and we won't
need the benefit of the doubt.
824
00:43:34,780 --> 00:43:40,440
I saw your memo about cutting Hal's
column down to twice a week. You got off
825
00:43:40,440 --> 00:43:42,220
easy. You may be right.
826
00:43:43,310 --> 00:43:46,950
Well, it gives me a chance to try out
something that I've been thinking about.
827
00:43:48,230 --> 00:43:52,330
We're going to use guest columns
occasionally by leaders in business and
828
00:43:52,330 --> 00:43:53,330
government industry.
829
00:43:54,270 --> 00:43:56,310
Oh, let them have their views, huh?
Yeah.
830
00:43:57,870 --> 00:44:03,090
What bothers me is I don't know if it's
a good idea or if I'm overreacting to
831
00:44:03,090 --> 00:44:06,690
all that pressure from Cal Electronics,
you know, bending over backwards.
832
00:44:08,210 --> 00:44:09,210
Relax.
833
00:44:10,030 --> 00:44:13,050
I figure bending over backwards now and
then is pretty good exercise for a
834
00:44:13,050 --> 00:44:14,050
newspaper.
835
00:44:15,670 --> 00:44:17,750
Ladies and gentlemen of the press, I'll
try to make this brief.
836
00:44:19,330 --> 00:44:23,550
Calectronics Industries is announcing
that it plans to sell its West Coast
837
00:44:23,550 --> 00:44:24,690
Consumer Products Division.
838
00:44:27,670 --> 00:44:32,090
This action is being taken to enable us
to retool to allow us to meet market
839
00:44:32,090 --> 00:44:33,090
demands immediately.
840
00:44:34,130 --> 00:44:37,690
Yes. Will the sale of the Consumer
Products Division cover the expansion
841
00:44:37,930 --> 00:44:39,210
I wish. No.
842
00:44:39,790 --> 00:44:41,710
We had to negotiate a $15 million loan.
843
00:44:42,190 --> 00:44:45,990
And we expect to announce a new stock
issue to complete capitalization.
844
00:44:46,370 --> 00:44:48,910
How will it feel to run a smaller
company than you used to?
845
00:44:49,650 --> 00:44:51,890
I prefer to think of it as leaner,
tougher.
846
00:44:52,310 --> 00:44:55,470
Can you give us the details on your new
loan? What did you use for collateral?
847
00:44:55,830 --> 00:44:57,590
Well, there was my car.
848
00:44:59,830 --> 00:45:01,010
And my mother's car.
849
00:45:02,670 --> 00:45:03,670
And my mother.
850
00:45:06,270 --> 00:45:10,290
The details are in your press kits,
which we have ready for you. Is this
851
00:45:10,290 --> 00:45:13,090
conference indicative of a new candor
with regard to the press?
852
00:45:13,350 --> 00:45:17,910
I hope so. We expect you to report the
news of our company fairly and with
853
00:45:17,910 --> 00:45:21,930
insight to the public, and in return, if
you think we're ducking, you don't
854
00:45:21,930 --> 00:45:22,930
hesitate to let us know.
855
00:45:24,310 --> 00:45:27,890
I don't think I have to remind the
Tribune to do that, do I?
856
00:45:29,030 --> 00:45:30,030
Thank you.
857
00:45:34,090 --> 00:45:35,090
Well, Adam, what do you think?
858
00:45:35,920 --> 00:45:37,040
You seem pretty forthright.
859
00:45:37,400 --> 00:45:39,800
Answered all our questions without
trying to sidestep us.
860
00:45:40,280 --> 00:45:42,320
I know. That's what I'm worried about.
861
00:45:48,060 --> 00:45:53,080
His love life had the country talking.
Let's meet millionaire Donald Trump as
862
00:45:53,080 --> 00:45:55,860
Wealth and Power Week continues on
Biography tonight.
863
00:45:56,260 --> 00:46:00,700
Now, a fingerprint expert gets his
chance to leave his mark on a tough
864
00:46:00,920 --> 00:46:05,240
A murderer attacks the city. On Police
Story, next on A &E.
67845
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