ACTM $100 Million Cable Modem Contract with MOT Message Board

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Technology Stocks : ACTM $100 Million Cable Modem Contract with MOT

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To: jeffbas who wrote (398)	1/17/1998 12:58:00 PM
From: Rob Preuss	Read Replies (2) of 1250

It was interesting to read Paul Klemencic's ratings on the management of ECM companies: Message 3129935 He only gave ACTM a 3 out of a possible 10. Perhaps Pino & Greenlaw don't care about shareholders and, because Pino owns about 60% of ACTM, he may feel that it is unnecessary to be responsive to all those annoying questions from minority shareholders. [Or perhaps Greenlaw, knowing that Pino is his major shareholder and boss, feels this way.] I know this would be a bit perverse... traditional theory has it that management with significant ownership will be more responsive to shareholders and their interests because management interests become aligned with other shareholders... but that traditional theory looks to financial motivations only and we are, after all, dealing with humans and the complexities of human emotion/motivation go well beyond financial considerations (as important as they may be).

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