Business: Wright's Winning Fight

As chairman of Zenith Radio Corp., Joseph Wright has long been his industry's Jeremiah, warning congressional committees and many other audiences that U.S. electronics companies could not meet Japanese competition. Other domestic television manufacturers began to buy components from Japan or move their plants to the Far East. Wright, too, shifted most of Zenith's black-and-white set production from Chicago to Taiwan, and in mid-1971 he sadly announced that he would transfer color-set production as well. But he saw a much brighter picture as soon as the U.S. devalued the dollar, pressured Japan into revaluing its yen and took a sterner...

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