Where Are They Now?: 1997 Industry Hall Of Fame Inductees


Bill Millard

Achievements: Founder and chairman of ComputerLand, Millard made his mark by creating one of the first reseller companies and helping to open up an industry. Millard began selling computer kits door-to-door until he was approached by car salesman John Martin-Musumeci with the idea of creating a store-front for his business. Thus, in 1976, ComputerLand was born, and Millard made the transition from manufacturing to franchising. The company faced an untimely demise in 1985, however, when competitor Micro/Vest, founded by Musumeci, won 20 percent of the company's stock per an old promissory note.

Today: In 1986 Millard moved to Saipan, the largest U.S. commonwealth in the South Pacific. After winning against an employee lawsuit, Millard then sold his company to E.M. Warburg, Pincus & Co. in 1987 for more than $200 million. Successfully disappearing for the next 20 years, Millard was finally located last September in the Cayman Islands by private investigators and reportedly owes the U.S. government more than $59 million in back taxes.

 



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