Digital Equipment needs a change of name and a number two executive to balance president Bob Palmer. These are two of the demands being made by one of the company's key investors, Herbert Denton, who has called a shareholders' meeting for 18 June to put pressure for change on the managers.
Although Denton owns less than one per cent of Digital's shares, he has been a thorn in the company's flesh in recent months, agitating against the company for its lacklustre results and alleged lack of growth strategy. So far, Digital is still refusing to send a representative to the meeting, claiming it is not concerned by Denton's accusations (see previous story).
However, Denton, who owns a New York broker, Providence Capital, has a reputation as a shareholder activist and is said to have considerable influence on Wall Street. He plans to unveil a proposed recovery plan for Digital on 18 June, which will include changing the name to "something more modern" such as Digital Systems. "It's time for a cultural revolution," he said.
Geoengineering on the sea floor near glaciers would form a new ice shelf to prevent melting
Alterations in capillary blood flow can be caused by body position change
Curiosity rover is in 'normal mode' but not transmitting scientific data back to base
NatWest outage comes a day after Barclays' IT systems shut out customers and staff