“I think he did eventually. Not at the time when he was sick. At that time he thought it was the right decision. Leo wanted to be in charge and would never at that time have given in to letting someone else run it. And he was willing to sell it due to health. It was sold not because he wanted to ~ but I think he felt he was dying.
Later on, he definitely regretted it, especially after he saw CBS run it down. He was so angry that’s why he never used his office that CBS had for him at Fender and had one down the street. He wouldn’t have an office at that factory he was so upset. - George Fullerton
( I wonder how much input Leo was allowed to have on guitar designs after the sale? Don't you just hate big companies that simply 'buy'the competition/market instead of doing the hard work themselves by being innovators, wonder what would have happened if CBS had setup their own guitar company and left Fender alone? Epiphone would surely make much more interesting guitars today if it was still competing with Gibson! Its now pretty much just churns out Gibson clones. Although I do love my Epi ES-295 :) - Ed )