| T.R | Title | User | Personal
Name | Date | Lines |
|---|
| 2101.1 | how does this work? | STAR::ABBASI | Spell checking is a family value | Mon Sep 14 1992 14:31 | 7 |
| how can one join the board of directors? is it by election? or
one has to be nominated? who elects them? who choose them?
can any one join the board? what kind of qualification do one
has to have to join?
/Nasser
|
| 2101.2 | Nominated to the Board | GUCCI::RWARRENFELTZ | | Mon Sep 14 1992 14:39 | 10 |
| RE -.01
Usually you get nominated to the Board of Direectors. Apparently, the
rules can be customized for any corporation, organization, etc. This
could effectively eliminate "outsiders" getting nominated that current
BoD members do not want to have on "their" board.
Just an observation from past experience. Bye the way, I think you
would add and interesting and profitable perspective to the board,
Nasser. I'd vote for you!
|
| 2101.3 | iam humbled to accept the nominations | STAR::ABBASI | Spell checking is a family value | Mon Sep 14 1992 14:56 | 12 |
| ref .-1
Thanks for the nominations!
but how did you know that I had my eye to join and be a member of
the board of directors? I know that I fit the mold, but iam
amazed you could read my intentions from behind the lines!
your esteemed confidence in me has touched my deep heart in an
untold ways.
/Nasser
|
| 2101.4 | I wonder why? | CVG::THOMPSON | Radical Centralist | Mon Sep 14 1992 15:04 | 4 |
| I'm really surprised that Ken is leaving the BoD. I had assumed he'd
want to stay and keep an eye on things in an official capacity.
Alfred
|
| 2101.5 | valuable asset ? | EMDS::MANGAN | | Mon Sep 14 1992 15:06 | 4 |
| Nassar, your spell checking will be a valuable asset to the Bod. It may
eliminate some mistakes in communication between Bod members. I'd vote
for you. 8*).
|
| 2101.6 | 'Gone' as in really 'Gone' | SCAACT::AINSLEY | Less than 150 kts is TOO slow | Mon Sep 14 1992 15:38 | 6 |
| re: .4
Well, he did say that when he was gone, he was going to be gone. I
guess a lot of us didn't realize just how 'gone' he meant.
Bob
|
| 2101.7 | | ASICS::LESLIE | Humans are inference engines too... | Mon Sep 14 1992 16:27 | 1 |
| Only gone to Stow - he will have an office there it is said.
|
| 2101.8 | wonder how he'll be spending his time? | CVG::THOMPSON | Radical Centralist | Mon Sep 14 1992 16:56 | 10 |
| > Only gone to Stow - he will have an office there it is said.
I wonder if he has any open reqs? :-)
Rumor has it that he has some projects in mind to run. But one never
knows. Providing an office and secretarial support for former CEOs
in not uncommon. Perhaps he's going to write a book. Or just wants to
keep out from under his wife's feet. :-)
Alfred
|
| 2101.9 | | USCTR1::MMCCALLION | | Mon Sep 14 1992 17:23 | 5 |
| RE: -1
>Out from under his wife's feet.
That's funny...
|
| 2101.10 | gone fishin' | TEXAS1::SOBECKY | It's all ones and zeros | Mon Sep 14 1992 18:03 | 9 |
|
re .4
I wouldn't be surprised if he just decided to go fishing, as he
said he would do when he left...wouldn't blame him, either.
John
|
| 2101.11 | | AKOFAT::SHERK | Ignorance is a basic human rite. | Mon Sep 14 1992 18:05 | 8 |
|
Hmm..
Does that mean he can now sell dec stock without a disclosure?
Ken
|
| 2101.13 | don't buy that | LGP30::FLEISCHER | without vision the people perish (381-0899 ZKO3-2/T63) | Mon Sep 14 1992 18:33 | 15 |
| re Note 2101.12:
> ``A house divided cannot stand,'' said John Logan, an analyst
> with Aberdeen Group Inc. in Boston. ``To have Bob Palmer there with
> Ken Olsen there looking over his shoulder is just a hindrance the
> company cannot afford to have.''
It's not like there won't be anybody looking over Palmer's
shoulder -- after all (according to KO) the Board of
Directors "fired" KO and one presumes will continue to look
over Palmer's shoulder quite closely. If anything, KO would
be more likely to be sympathetic to Palmer's need for some
freedom from the board than any other member of the board!
Bob
|
| 2101.14 | | CVG::THOMPSON | Radical Centralist | Mon Sep 14 1992 19:13 | 4 |
| I wonder if this announcement is why the stock is up today? At one
point it was up around $2. It's still up $1.50.
Alfred
|
| 2101.15 | | BSS::CODE3::BANKS | | Mon Sep 14 1992 21:35 | 12 |
| Re:<<< Note 2101.12 by LGP30::FLEISCHER "without vision the people perish (381-0899 ZKO3-2/T63)" >>>
> The Personal Newspaper Service
> From the Associated Press Newswire
> Deliverd by Office Systems Applications Advanced Development
>
> DIGITAL INTERNAL USE ONLY
> DO NOT FORWARD OUTSIDE OF ADVANCED DEVELOPMENT - PER AP LICENSE
Looks to me like this should not have been posted in this notes conference...
- David
|
| 2101.16 | .12 hidden by moderator | SCAACT::AINSLEY | Less than 150 kts is TOO slow | Tue Sep 15 1992 02:36 | 5 |
| As .15 has pointed out, it appears that .12 should not have been posted
in this conference. I have set it hidden until the author can get
permission for the posting.
Bob - Co-moderator DIGITAL
|
| 2101.17 | | ASICS::LESLIE | Object Orientation: This Way Up | Tue Sep 15 1992 06:58 | 1 |
| Could you give a non-proprietary summary?
|
| 2101.18 | .12 unhidden | SCAACT::AINSLEY | Less than 150 kts is TOO slow | Tue Sep 15 1992 13:23 | 3 |
| Permission has been obtained and .12 is now unhidden.
Bob - Co-moderator DIGITAL
|
| 2101.12 | From the Associated Press Newswire | LGP30::FLEISCHER | without vision the people perish (381-0899 ZKO3-2/T63) | Tue Sep 15 1992 16:31 | 53 |
| The Personal Newspaper Service
From the Associated Press Newswire
Deliverd by Office Systems Applications Advanced Development
DIGITAL INTERNAL USE ONLY
Olsen To Leave Digital Board - Digital-Olsen
By JONATHAN YENKIN, AP Business Writer
BOSTON - Mon Sep 14, 1992 14:01 EDT
BOSTON (AP) - Digital Equipment Corp. co-founder Kenneth Olsen,
who announced in July he would retire as president of the
struggling computer maker, will also leave the board of directors,
the company said Monday.
While Olsen originally was scheduled to remain on the board
through the end of his current term in November 1993, some analysts
said the early departure wasn't surprising.
``I think it's time for Ken to make a clean break from the
company,'' said David Smith, an analyst at International Data Corp.
who worked at Digital for several years. ``There's no reason for
him to be around.''
The company said Olsen, 66, would step down from the board Oct.
1, the same day that Robert B. Palmer, a Digital vice president,
officially succeeds him as president. Though Olsen ran Digital's
board, neither he nor anyone else at the company has the title of
chairman.
The board vacancy that will result from Olsen's departure was
not immediately filled. Palmer was made a member of the board when
it approved his elevation to president in July.
The company did not provide comments from Olsen or Palmer and
said they were not available for interviews.
In July, Olsen ``hadn't decided at that time he was going to
resign from the board,'' said Joseph Codispoti, a Digital
spokesman.
Monday's announcement was greeted by computer industry analysts
as a further positive sign for a company that is struggling to
reverse a series of heavy losses and chart a new direction.
``A house divided cannot stand,'' said John Logan, an analyst
with Aberdeen Group Inc. in Boston. ``To have Bob Palmer there with
Ken Olsen there looking over his shoulder is just a hindrance the
company cannot afford to have.''
While the company initially described Olsen's departure as a
retirement, he reportedly told some employees he was fired.
Olsen, who helped launch the company in 1957, had come under
fire as Digital saw its fortunes tumble and tried repeatedly to
reshuffle its management and product lines. The company has
eliminated more than 20,000 jobs in recent years and is expected to
cut thousands more positions.
Analysts say Palmer has already started remaking the company,
and new product strategies might be unveiled soon after he takes
command.
|
| 2101.19 | | 16BITS::DELBALSO | I (spade) my (dog face) | Thu Sep 17 1992 12:31 | 12 |
| re: the news story
Just out of curiosity, how does something that came over the AP wire become
DIGITAL INTERNAL USE ONLY?
re: Looking over Palmer's shoulder
I expect that besides the board, several tens of thousands of employees
will be watching as well. Bob is going to have to do a lot right the
first time. I doubt that he'll have too many "second chances".
-Jack
|
| 2101.20 | KENS NEW OFFICE | DELNI::PILLIVANT | | Thu Sep 17 1992 12:49 | 4 |
| Yet DEC is/has built Ken a new office in Stow.
I wonder?
|
| 2101.21 | take the worry out of being close... | MILKWY::ED_ECK | Rambo Among the Roses | Thu Sep 17 1992 13:05 | 6 |
|
Yup--Stow. Not Maynard.
Evidently they want him close...BUT NOT _TOO_ CLOSE!
;)
|
| 2101.22 | | SYORPD::DEEP | Bob Deep - SYO, DTN 256-5708 | Thu Sep 17 1992 14:15 | 4 |
| I think the INTERNAL USE ONLY has to do with an agreement with the AP not to
use our extensive network to broadcast AP news stories.
Bob
|
| 2101.23 | y | BONNET::BONNET::SIREN | | Thu Sep 17 1992 15:29 | 8 |
| re: .21
Could it be that he doesn't want to be too close :^). Staying away
from your old jobs leaves more room for new adventures.
Ritva
|