Raymond Edward Kassar was president, and later CEO, of Atari Inc from 1978 to 1983.
12 Facts About Ray Kassar
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Ray Kassar had previously been executive vice-president of Burlington Industries, the world's largest textile company at the time, and president of its Burlington House division.
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Ray Kassar later became the executive vice-president of Burlington Industries, the world's largest textile company at the time, and president of its Burlington House division.
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Ray Kassar left the company to start his own textile company that manufactured cotton shirts in Egypt and marketed them under the "Kassar" label.
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Ray Kassar was hired in February 1978 as president of Atari's consumer division by Warner Communications, who at the time owned Atari.
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In 1982, Ray Kassar donated a sum of money to Brown University, his alma mater.
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The Ray Kassar House is currently home to the university's mathematics department.
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In July 1983, Ray Kassar was fired due to continuing massive losses at Atari.
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Ray Kassar settled, returning his profits without acknowledging guilt or innocence.
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The shares that Ray Kassar sold actually constituted only a small amount of his total holdings in the company, and the SEC later cleared him of any wrongdoing.
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Ray Kassar was a collector and private investor and sat on the Board of the American Hospital of Paris Foundation.
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The exhibition, entitled "Painterly Photographs: The Raymond E Kassar Collection", presented 33 works made for exhibition from 1900 to 1910, featuring some of the most important camera artists of the time, including Alfred Stieglitz, Edward Steichen, Heinrich Kuehn, George Seeley and Clarence H White.