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Galvor Company BACKGROUND Galvor, founded in 1946, had been an independently owned and operated French company by its founder, owner, and President M. Georges Latour. The company had acted as a fabricator, buying parts and assembling them into high quality, moderate-cost electric and electronic measuring and test equipment. Latour had always been personally involved in every detail of the firm's operations as in most family owned businesses (signing important checks). Most growth was experienced in 1960 ($2.2M)-1971 ($12M). On April 1, 1974, Galvor was sold to Universal Electric Company (300 product lines in Europe), a large, multinational organization with its European headquarters located in Geneva, Switzerland. The company headquarters was located in the U.S. After the sale of Galvor to UE, these were the key players and their positions in the case:> Latour; Chairman of the Board for Galvor Not involved in day to day operations and management> Hennessy; Galvor's Managing Director Newly...

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