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To: Omer Shvili who wrote (750)10/16/1998 1:49:00 PM
From: wolfdog2  Respond to of 1061
 
Omer, excellent post. If Morgenstern were to get out of the way, maybe dismal DSSI wouldn't be dismal any longer. Or is that too much to hope for?

Ken



To: Omer Shvili who wrote (750)10/16/1998 2:01:00 PM
From: Creditman  Read Replies (3) | Respond to of 1061
 
Omer, I really enjoyed reading your article. I think you have an excellent grasp of what is going on with DSSI. Were you at the Annual Meeting?

When it comes to Morgestern and his salary, while $400K sounds like a huge salary to us mere mortals it is not that extravagant for a CEO. Remember Omer, here in the states, new MBAs often start with salaries over $100K. I know many credit managers earning over $100K and I know many, many salesmen earning over $250K. Nobody likes the Chairmen of companies whose stocks are slipping in value. The folks who bought DSSI last week at $1.75 probably love Morgenstern at $3.00 or whatever the price is today! I understand that wages are lower in Israel but here in California and in the New York area, $400K is not extraordinary at all.

What is your theory on what will happen to Tower next year when DSSI can sell it? Just sell their shares to the highest bidder or make it an acquisition or???

Keep up the good work Omer. I look forward to your Arena Globes articles every week.

Regards



To: Omer Shvili who wrote (750)10/21/1998 11:34:00 PM
From: Madharry  Read Replies (1) | Respond to of 1061
 
1. My comment re inpatience and lack of knowledge was innappropriate I apologize. I simply was referring to your expectation that the contracts would be forthcoming in the near future when it seem like whenever these utilities have trial they go on forever, then they they have other trials, then if they haven.t merged by then they have to get approved as part of the budget etc. so this proccess takes a very long time. 2. What I mean by updates I think is very reasonable. WHen a trial was started, when it is expected to be completed , has it been completed or extended. has the prospect initiated a purchase order. I do not think it would violate any laws for the company to publicly disclose this info. 3. Some of Morgensterns salary is paid for by Tower in the form of compensation to DSSI. 4. I do not know what alternatives Morgenstern is pursuing with regard to financing comverge.