Bay Networks (BAY) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Bay Networks (BAY)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Cruiser who wrote (2231)	11/18/1996 8:29:00 PM
From: John Messbauer	of 4270

Cruiser, I disagree with your general statement "the board has earned every dime of their money". Yes,they were part of the process to bring House & Shrigley to BAY(it appears they did good on this one),but where were they for the last 6 mos or so? They could have prevented many problems by acting sooner thus eliminating many problems, like delays in new product introduction. I think Servino & Ludwig had them in his back pocket. It was only when the pressure got too great, did the board take action. In addition their compensation is "way out of line" even if they meet once a month which most board of directors don't do. If they did meet monthly, it would avg. $30,000 for a day or two's work per month-not bad work & pay if you can get it! That is assuming the numbers quoted in Barron's are correct. Don't get me wrong,I think BAY has alot of potential and I still own it and sure hope this is a new era in BAY's history. Regards, John

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next