01.Jul.2020
|
Company history: Commodore's involvement in a financial scandal in 1965
Many users know that Jack Tramiel's company Commodore was experiencing financial difficulties back in the 60s and could only continue existing by the help of Irving Gould. That those financial difficulties are related to a financial scandal some users might know as well. But you cannot find detailed information in the Internet or in books.
The brief summary of this story published by Brian Bagnall in his first part of Commodore's history encouraged the American "Zube" to look for more details. For a limited time he could read the 3000 page final report of the investigative commission which examined the crash of the Canadian financial
institution Atlantic Acceptance Corporation - this finance company which in the middle of the sixties did hold many shares of the "Commodore Business Machines".
In the text which "Zube" already published in 2007 he painted a very gloomy picture of the persons involved. But he explicitly states that he did not had sufficient time for reading the whole documents and that he is not an expert.
(cg) (Translation: dr)
[News message: 01. Jul. 2020, 23:54] [Comments: 0]
[Send via e-mail] [Print version] [ASCII version]
|
