Richard Hayman was President and Co-Owner of Hayman Systems before it was acquired by MICROS Systems, Inc. in December 1999. Hayman Systems was founded as a cash register company in 1938 by Stanley Hayman but under Richard Hayman's leadership, grew to become a value-added reseller and systems integrator of point-of-sale systems to the hospitality and retail industries. Richard Hayman received his undergraduate degree from Cornell University in 1967.
This business really depends on the time frame. If you are talking about the 1970s, 1980s, 1990s, it's completely different. If we look at the 1970s, equipment was unsophisticated and relatively reliable so our profit model there was to make money in the margins of the equipment we sold and servic...(Full transcript available to logged in subscribers.).
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