Digital's Olsen plans to expand size of board

Article Abstract:

DEC Pres Kenneth H. Olsen plans to increase the size of the board of directors and says the company may see more layoffs unless the recession eases and sales pick up. At the annual meeting, Olsen refused to answer shareholder questions about who would succeed him at DEC; he says he does not want to pick someone 'ahead of time.' Olsen did say he wants to increase the size of the board, which currently has eight members. And he says that additional layoffs could be made if sales remain slow; DEC eliminated 9,000 to 10,000 jobs on Jul 1, 1991. Olsen also says that DEC has already designed working systems for the company's next-generation chip, code-named Alpha. Software to operate the new chip is still being written, he says.

Product development, Chief executive officers, DEC, Recession, Board of Directors, Olsen, Kenneth H., Work Force Reduction

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Digital Equipment senior executive plans to retire

Article Abstract:

John F. Smith, senior vice president and a 34-year veteran of DEC unexpectedly announces his resignation. Smith, who was the second highest-ranking executive to former president Kenneth H. Olsen, had taken on a number of interim assignments for Robert B. Palmer, who is DEC's new president and CEO following the ouster of Olsen. Smith however said his resignation is not related to Palmer's assumption of the top post. DEC continues with its work force reductions; payroll has declined to about 100,000 in the 2nd qtr ended Dec 31, 1992, from 108,500 at the end of the first quarter. The company's goal is to retain 85,000 to 90,000 employees, according to Smith.

Computer peripheral equipment, not elsewhere classified, Appointments, resignations and dismissals, Executive, Resignation, Smith, John F., Jr.

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