Word: walkowicz
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...idea to found Itek-short for "information technology"-came in 1957 from two longtime friends who saw a future in air reconnaissance for arms control. The two: Richard Leghorn, then head of Kodak's European division; and Theodore Walkowicz, then and now an associate of Venture Capitalist Laurance Rockefeller. Walkowicz got the Rockefeller interests to put up $600,000 and became a director. Leghorn was chosen president...
Itek prospered, so long as it held to its original purpose. But when it expansively acquired Hermes Electronics Co. and Photostat Corp., it suffered a bad case of technological indigestion. Concerned by the loose management and by the 1961 loss, Walkowicz, with the 20% Rockefeller interest to protect, called for reinforcements. He prevailed on Frank Lindsay, a member of the management consultant firm of McKinsey & Co., to become executive vice president and help Leghorn revamp the company. Lindsay was a longtime friend of both Walkowicz and Leghorn, and as a former member of the Central Intelligence Agency was closely familiar...
...WALKOWICZ...
| 1 |