Douglas D. Danforth, former chairman of the Westinghouse Electric Co. and one-time CEO of the Pittsburgh Pirates who helped keep the franchise in Pittsburgh, died Tuesday morning after a brief illness.
He was 92, and had been splitting time between his home in Ligonier, Pa., and one in Florida, according to a granddaughter.
He died at UPMC Montefiore.
During the four years he spent at the helm of Westinghouse, from 1983 to 1987, “profits soared, profit margins almost doubled, its stock price more than tripled and dividends were increased every year,” according to the Post-Gazette’s account of the rise and eventual downfall of Westinghouse Electric.