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[2019/4/15]
1960s 1964 Ronald Assaf’s frustration with shoplifters came to a head the day he watched a man slip two bottles of wine under his shirt and run out of an Akron, Ohio, supermarket. Assaf, the store manager, sprinted out the door in pursuit of the thief. Unable to catch the man and unsure what he would have done if he had caught him, Assaf returned to the store. He commented that anyone who could figure out a way to deter such thieves would make a fortune. One of those who heard his remark was his cousin, Jack Welch. Welch was already working on electronic tagging of products, and he took up Assaf’s challenge. Several weeks later, Welch returned to the store with a 2 ft (61 cm) square of cardboard with a large foil tag taped to it, along with some bulky boxes filled with electronic components he had assembled in his garage. He showed Assaf how an alarm would sound if someone tried to carry the tag out the door between the boxes. A couple of years later, Assaf founded Sensormatic Electronics Corporation, which still holds a 65% share of the worldwide electronic security market.
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