Atten Hut! George Soros Is Here

For years, Tektronix Inc., a leading maker of television equipment and oscilloscopes, didn't seem perturbed by its flat sales and eroding profits. In fiscal 1992, sales fell 2.5%, to $1.3 billion, and profits tumbled 59%, to $19.7 million. Even Tek's new chief executive, Jerome J. Meyer, who came aboard in 1990, seemed in no hurry to turn things around. Among his first projects: refurbishing the Wilsonville (Ore.) headquarters to the tune of more than $1 million.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.