2005 Ernst & Young Enterpreneur Of The Year Awards: Richard Seaman: Calculated risks

From: Smart Business Akron/Canton | Date: July 1, 2005| Author: Shryock, Todd | Copyright information

In 2001, Richard Seaman was debating whether to invest $7 million in a new piece of equipment that would replace 30-year-old technology.

Seaman, the president and CEO of Seaman Corp., had been evaluating the decision for more than two years, partially because it represented an investment that was twice the size of anything the company had done before. Further complicating the decision was the fact that the equipment was coming from an unproven supplier in Europe, and it would take two ...

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