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.
Read more about this topic: Banyan Systems
Famous quotes containing the words company and/or growth:
“The old idea that the joke was not good enough for the company has been superseded by the new aristocratic idea that the company was not worthy of the joke. They have introduced an almost insane individualism into that one form of intercourse which is specially and uproariously communal. They have made even levities into secrets. They have made laughter lonelier than tears.”
—Gilbert Keith Chesterton (1874–1936)
“Of all the wastes of human ignorance perhaps the most extravagant and costly to human growth has been the waste of the distinctive powers of womanhood after the child-bearing age.”
—Anna Garlin Spencer (1851–1931)