Millennium Magazine_5th Ed

158 Millennium - A Marquis Who’s Who Magazine S amuel Johnston Losh attributes his success in his field to having an analytical mind. He likes to analyze situations and predict what the end result will be – fitting for engineering, as well as real estate. Mr. Losh received his Bachelor of Science in mechanical engineering from the Massachusetts Institute of Technology (MIT) in 1954. He continued his education, having completed postgraduate coursework at Syracuse University, the University of California Los Angeles and the University of Southern California. Before Mr. Losh’s career took off in engineering, he was a First Lieutenant in the United States Air Force from 1955 to 1957. After that endeavor, he held various roles at companies including Milner Street, Inc., Technicolor SA, TRW, Inc., Hoffman Electronics, Lockheed Aircraft Corporation, Xerox Special Information Systems and Ritec. Mr. Losh became involved in his profession after a factory worker at the Radio Corporation of America, owned by Technicolor, gave him a pamphlet that showed information on investing in real estate and how it could build wealth. He was 22 years old at the time, and did not act on that until about four years later. Mr. Losh was able to buy a three-unit apartment house and build on that from there. In five years, Mr. Losh said he would like to be more conservative and consolidate his business ventures more. Across his two career fields, Mr. Losh was the recipient of the Silver Knight of Management Award from the National Management Association in 1980 and the George Morgan Award from the MIT Educational Council in 1987. Mr. Losh sat as the chairman of the Los Angeles chapter of the MIT Educational Council from 1978 until 2001. The most important point of Mr. Losh’s career he says is his biggest failure, Xerox’s inability to produce a laser printer that appealed to the wide public. In 1976, Xerox was only looking at industrial applications and overlooked the concept of printers becoming more common in households and offices. Mr. Losh ended up leaving Xerox and retiring, but this failure taught him a great lesson to keep all ideas open on the table. He uses this lesson now at Milner Street, Inc. SAMUEL JOHNSTON LOSH PRESIDENT Milner Street, Inc. Pasadena, CA ENERGY, ENGINEERING AND MANUFACTURING