The Economist (US), April 17th, 1993
Pres Ken Olson was fired after plummeting losses brought debt to $2.8 billion for Digital Equipment Corp in 1992. The new management is cutting bloated operating costs, and more emphasis will be placed on software, services and networks.
A YEAR ago, he was vowing to be around for ages. Six months later, Ken Olsen, the 67-year-old president and founder of Digital Equipment Corporation--America's third-biggest computer company-- was out on his ear. After recording a $617m net loss in the year to June 1991, Digital plunged $2.8 billion into the red in 1992. As protective as ever about the minico...
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