Information Technology Reference
In-Depth Information
6
In the end, the 16 July corporate shuffle at
MCM
had resolved
none of the controversial issues and failed to steer the company
out of its self-destructive mode of operations. Kutt remained the
company's president and a majority shareholder, but his manag-
erial powers had been pared to the bone. The outside investors
were in full control of
MCM
's operations, from the board of
directors' functions down to day-to-day managerial decision-
making. But their long term ambitions remained constrained by
their minority shareholding position.
The new managerial regime under Wallace met on 21 July;
present were Day, Edwards, Victor Waese, Wallace, and Wolfe.
The main issue they discussed was an offer by Ted Berg of
DDC
to visit
MCM
and help the company with its managerial prob-
lems in order to bring the
MCM
/70's development up to the pro-
duction stage. Berg was deeply concerned with
MCM
's inability
to attack and resolve its internal problems. However, he was
still optimistic about the
MCM
/70's prospects in the market-
place and wanted seventy-five of these machines for
DDC
by
the end of 1974. Berg's visit was scheduled for 24 July. During
the meeting, it was decided that, in preparation for Berg's visit,
production issues should be given top priority. Furthermore,
to stress how serious and precarious the corporate situation
