Word: connors
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Dates: during 1960-1969
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...slump in consumer buying. Overloaded with sets, Magnavox saw its stock plummet, its losses rise. To raise more working capital, it sold 100,000 shares of preferred stock for $1,300,000, stepped up sales - and has not reported a loss since. When President Richard A. O'Connor moved up to chairman in 1950, Frank Freimann took over as president and chief executive officer...