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Stanford Mu Corp

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January 6, 1999 | ELIZABETH DOUGLASS, TIMES STAFF WRITER
To hear him tell it, Stanford Mu is not a gambler. But in 1992, amid one of the worst slumps in the aerospace industry, the then-64-year-old Mu made what may have been the bet of his life. At an age when most people are winding down their careers, Mu launched a new business, investing $400,000--his retirement savings--in his own aerospace parts company. Mu's timing couldn't have been more questionable. Throughout Southern California, aerospace layoffs and retrenchments had become commonplace.
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BUSINESS
January 6, 1999 | ELIZABETH DOUGLASS, TIMES STAFF WRITER
To hear him tell it, Stanford Mu is not a gambler. But in 1992, amid one of the worst slumps in the aerospace industry, the then-64-year-old Mu made what may have been the bet of his life. At an age when most people are winding down their careers, Mu launched a new business, investing $400,000--his retirement savings--in his own aerospace parts company. Mu's timing couldn't have been more questionable. Throughout Southern California, aerospace layoffs and retrenchments had become commonplace.
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