Word: freimann
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Last week Magnavox President Frank Freimann announced that 1966 sales had jumped 36%, to $453 million, earnings had soared more than 50%, to $34.7 million, or $2.25 a share. More over, the company clocked an estimated 30% return on invested capital, against 12% for U.S. industry as a whole...
...want to be the biggest," explains Freimann, who became president in 1950. "Only the best...
...source of much of the company's energy is its 60-year-old president. Freimann (pronounced Fry-man), who heads up a trim management team with an average age in the low 40s, emigrated from Hungary as a boy, lived in Chicago, quit trade school after two years and, at 19, talked his way into the chief engineer's job at the Lyradion Co., one of the early makers of radio-phonographs. "In those days," says Freimann, "the only people who knew anything about radio were kids." Freimann eventually formed his own Electro-Acoustic Products Co., where...
...Frank M. Freimann, president, Magnavox...
...Government contracts, Freimann goes after jobs that will help the company develop techniques that will also apply to consumer products; e.g., an electronic photographic record storage system developed for the Pentagon led to a relatively low-priced system for business record storage that will be put on the market soon. In all, military orders bring in 40% of Magnavox's income. Present Government order backlog: $90 million, v. $67.6 million a year ago. This includes a communications system for the Advent satellite program, and new devices (started in Magnavox laboratories without Government subsidy) for detection of enemy submarines. Says...