Word: bakalar
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...David Bakalar, chairman and president of Transitron Electronic Corp. of Wakefield, Mass., have run up a stock fortune of $307 million (another $34.4 million has been realized in cash) on an initial investment of $200,000 made by Leo, 47, a plastics manufacturer at the time. The investment was backing for an improved gold-bonded diode developed by David, 35, who has a Ph.D. from M.I.T. Since then, the company has grabbed 10% of the semiconductor market (second among independents only to Tex as Instruments), last fiscal year ran up sales of $30.9 million, which the Bakalar brothers expect...
...higher salaries. Options have also helped turn scientists, who often care little about costs, into good managers. Since Massachusetts' transistor-making Transitron Corp. (TIME, Dec. 21) granted stock options to its scientific staffers last winter, it noticed a marked interest in cost cutting. Says Transitron President David Bakalar: "Many technical people don't ordinarily think of operating inefficiencies. Thanks to options they're broadening their role in the company and becoming more fully developed junior executives...
...first public sale of 10.2 million Ford Motor Co. shares in 1956 has a stock issue attracted such broad public demand. Transitron quickly jumped to $49 per share in over-the-counter trading, closed the week at $43 per share. To Transitron's owners, David and Leo Bakalar. went $34.4 million for part of their interest in the third largest U.S. semiconductor producer (first: Texas Instruments Inc.; second: General Electric Co.). The Bakalar brothers still personally hold 6.4 million shares, almost evenly distributed between them. Their total worth, based on last week's market price: $311 million...
...Goal: More Growth. The Bakalar brothers run their three plants, which employ 4,300 workers, with an informal touch. In their rambling Wakefield, Mass, headquarters, which was once an underwear mill, the Bakalars share a secretary, avoid written memos, and do most of their business in corridor conferences with staff members. Decisions by Leo, 46, who serves as treasurer and chairman, and David, 34, who is president, have equal power. To justify the price of Transitron's stock (now selling at a steep 45 times projected 1960 earnings) the company is expected to diversify, use the 2.1 million shares...