Leo Fender
In the 1950s, Leo Fender contracted a streptococcal sinus infection that impaired his health to the point where he decided to wind up his business affairs, selling the Fender company to CBS in 1965. As part of this deal, Leo Fender signed a non-compete clause and remained a consultant with Fender for a while. Shortly after selling the company, he changed doctors and was cured of his illness. In 1971, Forrest White and Tom Walker formed the Tri-Sonix company (often incorrectly referred to as "Tri-Sonic"), based in Santa Ana, California. Walker and White went to Leo to help finance their company and it evolved into 'Music Man', a name Leo Fender preferred over their name, Tri-Sonix. After considerable financing, in 1975, Fender became its president.