Darrell Issa - Business Career

Business Career

After leaving the military, Issa and his second wife, Kathy Stanton, moved back to the Cleveland area, pooled their savings, sold their cars and borrowed $50,000 from his family to invest in Quantum Enterprises, an electronics manufacturer run by a friend from Cleveland Heights that assembled bug zappers, CB radio parts and other consumer products for other companies. One of those clients, car alarm manufacturer Steal Stopper, would become the path to Issa's fortune. It was struggling badly, and he took control of it by foreclosing a $60,000 loan he had made to it when its founder, Joey Adkins, missed a payment. Adkins remained as an employee.

Issa soon turned Steal Stopper around, to the point that it was supplying Ford with thousands of car alarms and negotiating a similar deal with Toyota. But early in the morning of September 7, 1982, the offices and factory of Quantum and Steal Stopper in the Cleveland suburb of Maple Heights, caught fire. The fire took three hours to put out; the buildings and almost all inventory within were destroyed.

Read more about this topic:  Darrell Issa

Famous quotes containing the words business and/or career:

    Laughter on American television has taken the place of the chorus in Greek tragedy.... In other countries, the business of laughing is left to the viewers. Here, their laughter is put on the screen, integrated into the show. It is the screen that is laughing and having a good time. You are simply left alone with your consternation.
    Jean Baudrillard (b. 1929)

    It is a great many years since at the outset of my career I had to think seriously what life had to offer that was worth having. I came to the conclusion that the chief good for me was freedom to learn, think, and say what I pleased, when I pleased. I have acted on that conviction... and though strongly, and perhaps wisely, warned that I should probably come to grief, I am entirely satisfied with the results of the line of action I have adopted.
    Thomas Henry Huxley (1825–95)