May 13, 1991
E. L. McNeely, former chairman of Wickes Corp. and communications-oriented Oak Industries, died Sunday at the Green Hospital Cancer Clinic in La Jolla. He was 72. His career in retailing began with Montgomery Ward in Chicago, where he became divisional merchandise manager before joining Wickes in 1964. He rose to chairman and chief executive officer of the furniture and home improvement chain in 1969 and retired in 1982.
June 28, 1989
Oak Industries Announces Staff Cuts: Oak Industries' new management has cut administrative staff to 23 from 42 in a restructuring of its headquarters office. The cuts will save the company $1 million in annual overhead. On June 6, shareholders of Oak, a San Diego-based electronics components company, voted board control to a dissident shareholders group led by Roderick Hills after a bitter proxy fight. Oak also announced that the company will be managed by an executive committee led by Chairman Daniel Derbes until a permanent chief executive can be recruited.
July 31, 1985
Hank Sauer, former senior vice president of Oak Communications, said that he and a group of associates have offered to buy the cable-television subsidiary of San Diego-based Oak Industries for more than $20 million. Oak Chairman E. L. McNeely said previously that he wants to sell the division, which was reportedly losing between $1 million and $3 million monthly. He said he will consider the Sauer group's proposal.