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Henry A. Sweetbaum (1st 1/2 hr) & Victor Kiam (1926 - 2001 R.I.P.) 01-09-85 Original air date

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Published on Apr 24, 2009

Henry A. Sweetbaum & Victor Kiam (1926 - 2001 R.I.P.) 01-09-85) Original air date Henry A. Sweetbaum

Mr. Sweetbaum has an extensive background in the computer and telecommunications industries. He has successfully engineered turnarounds, restructurings and reorganizations within and outside of the tech-sector, and has had many years experience in mergers and acquisitions, both on the sell and the buy sides. Mr. Sweetbaum is a principal of PS Capital, LLC, an advisory and venture investment company.

Previously Mr. Sweetbaum was Chairman and Chief Executive of Wickes plc,
a pan-European retailer with sales of approximately $1billion. At Daylin, Inc. Mr. Sweetbaum participated in the successful reorganization of the Company through Chapter 11 and its sale to WR Grace. In the UK Mr. Sweetbaum served as Chairman of Huntingdon Securities focussed on corporate turnarounds, M&A and private investments.

Mr. Sweetbaum has spent more than 30-years serving as a Non-Executive Director of numerous companies, such as Silicon Systems Inc., Ashton Tate Corporation and Decision Data Corporation. He also served as Non-Executive Chairman of Data Recording Instrument Company Limited, a British Government owned company.

He is currently a member of the Investment Committee of Accelerator Technology Holdings Limited, a company registered in Bahrain, and a member of the Advisory Board of Inovent, a company formed by Sabanci University in Istanbul, to commercialise technology developed in Turkey.

Mr. Sweetbaum has published Restructuring - The Management Challenge
(Baden-Fuller 1990) and Best Practices, or Just Best People (Directors & Boards - Summer 1995 edition).

Mr. Sweetbaum recently retired from the Board of Overseers at the Wharton School, University of Pennsylvania. He is currently a member of Wharton's European Advisory Board and the Board of the SEI Center for Advanced Studies in Management.

Mr. Sweetbaum received his degree from the Wharton School,
University of Pennsylvania.

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Victor K. Kiam (07 December 1926 - 27 May 2001) was an American entrepreneur and the owner of the New England Patriots from 1988-1991.
After attending such universities as Yale, the Sorbonne and Harvard Business School, Kiam became part of the Lever Brothers and Playtex company as a salesperson. He first made his fortune as the President and CEO of Remington Products, which he famously purchased after his wife bought him his first electric shaver. In 1994, Victor Kiam sold controlling interest of Remington Products to Isaac Perlmutter. Kiam also operated two other companies: Ronson and TravelSmart. Kiam also bought the Benrus Watch Company in 1967. The company filed bankruptcy in 1977.
He became even more famous as the spokesperson for his Remington shaver. Kiam's famous catch-phrase, "I liked it so much, I bought the company!" made him a household name; the phrase "Doing a Victor Kiam" has now become a term for a customer who becomes the owner of a company. He famously recorded each advert in the native language in which the advert was broadcast.
Upon Kiam's death The Times quoted one of his closest business associates in later years, Jonathon Lyons, as saying that he was "a truly remarkable entrepreneur of the old kind - the kind they simply don't make any more."
Kiam wrote a number of business books:
•Going for It!: How to Succeed As an Entrepreneur
•Keep Going for It!
•Live to Win: Achieving Success in Life and Business
Kiam last resided in West Palm Beach, Florida.

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