While Dec Struggles, Executives Split
These are hard times at Digital Equipment, where falling profits and layoffs are incessant. Now, its executives are jumping ship. In recent weeks, five of 37 corporate vice-presidents have left amid signs that the company's restructuring is demoralizing its executives. DEC says the departures do not represent problems in the ranks. But the profit picture remains discouraging. Analysts predict earnings for the quarter ending Sept. 30 could sink as low as $18 million from $26 million a year earlier.