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Article: Fight over Hayes Microcomputer Makes for Unusual Bankruptcy Case.(Originated from The Atlanta Journal and Constitution)
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- February 18, 1996
- Author:
CopyrightCOPYRIGHT 1996 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ATLANTA--Feb. 18--A stubborn but somewhat humbled entrepreneur seeks to hold on to the company he built that is now in Chapter 11.
His former wife votes against his plan to bring the company out of bankruptcy protection after his rivals offer a higher price for her stock.
His current wife is resented by some company officials for garnering too much power in the company. Three top executives publicly state that he should not run daily operations.
So this is not a typical bankruptcy case.
But after two months of hearings, the future of Norcross-based Hayes Microcomputer Products and its president, Dennis C. Hayes, will soon be decided. After ...