Tue, 24 May 1994 17:09:53 +0200
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On Tue, 24 May 1994 10:27:46 EDT Ed Fair <[log in to unmask]>
said:
>if your board members are committed to l-soft then they shouldn't have
>any problem identifying themselves. they also shouldn't feel obliged to
>publish their addresses.
From the name, one could deduce an e-mail address in a few minutes. If
you look at small to medium businesses in the real world, you will find
that a lot of them are owned by a handful of people, that the owners want
to get involved in defining the company's strategy, but that they may not
care to have their names published. When the company is large enough, the
shareholders can simply have the company hire a director to represent
their views at the board (and dismiss him if he forgets why he was
nominated). In a small company the shareholders have to represent their
views themselves.
>more fundamentally: is l-soft privately held, and is l-soft planning to
>remain privately held? what role does your board of directors play?
L-Soft does not plan to sell shares on the public market, if that is what
you meant. There is no business reason for us to do so at the moment. The
board of directors defines the company's long-term strategy and makes all
decisions of strategic import, leaving the day-to-day management to the
employees. The board discussed the CREN/L-Soft contract, interviewed new
employees, is reviewing the resumes of people who are applying now,
decided on the relative priorities of the VMS and unix developments, and
so on.
Eric
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