4min chapter

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#229 Sidney Harman (Founder of Harman Kardon)

Founders

CHAPTER

Is David Ogilvy Master of the Terce Memo?

Harmon International was reclaiming a leadership role in the audio business. In 1976, then President-elect Jimmy Carter asked me to be his new Deputy Secretary of Commerce. The company's annual sales grew to 135 million dollars over the next seven years. Harmon became one of Beatrice Foods' many subsidiaries and I became a wealthy man. It sounds like he echoes Buffett here: These just giant companies run by people who don't know what the hell they're doing can destroy immense amounts of wealth.

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