Robert Wilson certainly hasn’t lost his Midas touch since he rescued Collins Radio and left for California. You might remember that Wilson stepped into the chief executive office at Collins in late 1971, facing a bleak financial picture. Collins’ losses peaked in 1972 at $30 million, and by year end 1973 Wilson had Collins $13 million in the black. A remarkable performance, which drew the attention of an even unhealthier electronics company, Memorex.
Memorex baited Wilson away from Collins in 1974 by oflfering him a base salary of $200,000 annually, with bonus provisions allowing him to earn up to $600,000. Wilson, 55, stepped into the Memorex presidency inheriting 1973 losses of $115 million-$27.63 a share. He reorganized management, cut bank debt, jettisoned unprofitable lines and reduced operating expenses. By the end of 1974 losses were whittled down to nine million – $2.08 a share. Now Wilson has done it again. Memorex netted $7.7 million during the first half of 1975.
Related Articles
Travel
Is Fort Worth Really ‘The New Austin’?
The Times of London tells us it's now the coolest city in Texas.
By Tim Rogers
Dallas 500
Meet the Dallas 500: Chakri Gottemukkala, o9 Solutions
The o9 solutions leader talks about garnering a $3.7 billion valuation, growing 10x over the next few years, and how the company is innovating.
By D CEO Staff
Local News
An Early Look at 2026 FIFA World Cup Logistics
The World Cup matches will be held in Arlington, but Dallas will be home to a great deal of team and fan experiences. We're getting an early look at what that will look like.