In the wake of the terrible first quarter results, Digital Equipment Corp’s board is giving chief executive Robert Palmer one more quarter to show new progress on turning the company around, insiders told the Wall Street Journal. They added that at last week’s board it was also agreed with Palmer that his number two, sales and marketing chief Edward Lucente, had to go for failing to cut expenses enough and losing control of an expensive push to close business at the end of the latest quarter.
ROBERT PALMER “GIVEN ONE MORE QUARTER TO SHOW SIGNS OF IMPROVEMENT” AT DEC
