Company Growth
A flood of sales talent into Banyan from other companies began, with a large contingent of middle-management personnel coming from Memorex-Telex, following behind Carl James "Jim" Shaper, who became VP of Worldwide Sales. More sales offices were opened, and the company went public. The stock took off like a rocket, selling for nearly $90 a share in the first few weeks. Promotions were rampant, and incomes were high. Shaper used the opportunity to cash out his substantial quantity of stock options, and retired from the industry for a while. Shaper then went on to a number of positions in a number of companies such as Dun and Bradstreet Software, Per-Se Technologies, Primis, and is now Chairman and CEO of Infor Global Solutions.
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