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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?


To: sheila rothstein who wrote (46324)1/30/1998 11:12:00 AM
From: Frederick Langford  Respond to of 58324
 
<< I think KE will be paying more attention to the shareholders as I'm sure he's had alot of critical mail. SR>>
I think KE's ego is very large. For quite awhile people like Bob and Fred F have allowed him and the rest of management think shareholders are NOT a concern, we need to change that. The emails and the snail mail need to continue. Calls take away their time, email and snail mail is the best way. DON'T LET UP NOW
Fred



To: sheila rothstein who wrote (46324)1/30/1998 11:31:00 AM
From: Les White  Read Replies (1) | Respond to of 58324
 
SR <<Zip standard by year 2000>>

I agree with your son's long term assessment. If you step back far enough IOM should look like a great success story, and our current troubles just a speed bump. (hopefully)

KE has no choice but to get better with his WS PR. He's just experienced a painfull lesson. More importantly, if he distibutes stock options as intended he will eventually be surrounded by stockholders. Every key person in the company should be vested in some way. It will get the organization pulling together and doing whatever it takes to execute correctly. MSFT is an excellent example of this.

I believe it is not lost on the majority of IOM employees that WS has given them a D on execution this quarter. And if they don't really care now they soon will as they begin to accumulate options.

I look forward to the day when KE's secretary is vested and say's to him, "Sir, there's an analyst on the phone would you please take this call."

Les (now that I'm stuck with IOM for a while I can concentrate on my real job)