Michael H. Jordan, the former chairmand and CEO of CBS and Westinghouse, died at the age of 73 on Tuesday evening, May 25, 2010, succumbing to cancer, according to The Hollywood Reporter.

While he ran Westinghouse, the company transitioned from an industrial entity into a media corporation.

In a statement, CBS president and CEO Les Moonves said of Jordan, "Mike was a man of great vision and compassion whose thoughtful guidance of both Westinghouse and then CBS helped to shape the future of our company. Mike took over Westinghouse when most thought its demise was inevitable and brought it back to life, transforming the old industrial corporation into one completely focused in the media world. We are profoundly saddened by the passing of Mike Jordan, our friend and former leader."