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Wang starts a turnaround

Jan 16, 2020 - Tampa Bay Times
Negative Financial Results

Richard W. Miller wasn't frightened by difficult business situations. After all, his first job after finishing business school in 1970 had been at the Penn Central Corp., which was going through what was then the largest bankruptcy proceeding in the nation's history.

But Wang Laboratories Inc., the computer maker that Miller was tapped to lead last August, was another story.

Management was feuding with the banks. Cash was bleeding out, and Wang had just reported a $424-million ...