Aydin Corp. replaces chairman; others quit
Article Abstract:
Aydin Corp. elected Warren Lichtenstein as chairman of the board, replacing I. Gary Bard. At the same time an undisclosed number of managers in the Telemetry division resigned including the division president. The company stated that the resignations were a result of the refusal of the board of directors to sell the Telemetry division to the managers. The company contends that the resignations will not hurt the divisions's operations. Lichtenstein, a recently elected member of the board, is managing partner of the investment firm, Steel Partners II. .
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Dealing autos a matter of scope for Montco firm
Article Abstract:
Asbury Automotive Group Chairman and CEO Tom Gibson founded the national auto dealership in 1995 with the help of $100 million each from Freeman Spogli and Ripplewood Holding Co. Gibson's objective was to improve the distribution process of vehicles to match the significant development in the manufacturing of cars and trucks in 50 years. Gibson believed that significant cuts in distribution costs including advertising, incentives, sales commissions and shipping, will result in savings for the dealer and the customer.
Comment:
Chairman and CEO Tom Gibson founded the national auto dealership in an effort to improve the distribution process of vehicles
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Technitrol lowers its earnings estimate. A loss of $1.1 billion for Bethlehem Steel
- Abstracts: A former secretary turns chief executive. Making a shred of differnce. Company helps clients avoid software debacles
- Abstracts: Mind games to stretch brain. Internet phone-calling is back, and attractive. Keying into Internet's capacity for connecting
- Abstracts: Data processing firm tailors documentation to suit users. Traveling science show aims to educate, entertain all ages
- Abstracts: Small business consultants: improving the delivery of outside assistance. FASB damage control for small and medium-sized firms: a strategy to influence rule-making