Dec's Comeback Is Still A Work In Progress

When Robert B. Palmer was picked as Digital Equipment Corp.'s new CEO last July, he knew he was taking on one of the toughest jobs in business today. Having spent five years in DEC's manufacturing organization, he was only too aware of the company's problems to expect a quick turnaround. So he didn't promise too much. In October, Palmer told stockholders that after $3.4 billion in losses over the past two years, DEC's turnaround would be "self-evident" within a year. And, he said, he would overhaul DEC's hidebound management.

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