The Exit Doors At Unisys Keep Swinging
Things are looking grim in the executive suite at Unisys Corp. On Feb. 24, Cyril Yansouni, head of the computer systems group, resigned suddenly, the second top executive to quit last month. Publicly, Yansouni said that he had accepted a CEO position at Read-Rite Corp. in Milpitas, Calif., to end a transcontinental commute from his Bay Area home to Unisys' headquarters in Blue Bell, Pa. But in a cryptic memo to a few Unisys colleagues, Yansouni described his "many frustrations" and the "continuing problems" at the debt-burdened company. He added that the "special situations" the company may now face require a management style "incompatible" with his own.
Pressed for an explanation, Yansouni said he wants to run a growing company rather than help lead one that's facing continuing "belt-tightening." Read-Rite, a maker of thin-film recording heads for disk drives, is "a rough diamond that needs to be polished," says Yansouni. A Unisys spokesman maintains that Yansouni's resignation was mainly the result of his "desire to be in a small entrepreneurial startup environment." Yansouni's departure followed by only nine days the resignation of Unisys' No. 2 executive, Vice-Chairman Curtis A. Hessler. He quit to join Times Mirror Co. in Los Angeles.