Mack Out, Parker In, Bentley Up As Equatorial Cuts Deeply In Scramble For Solvency
THIS MONTH'S LEAD STORIES
Equatorial Communications Co., whose customer list reads like a who's who of U.S. quote vendors, has imposed sweeping changes in an effort to bring costs in line with revenues. In contrast with cutbacks earlier this year, the current reorganization produced casualties in the executive suite, including Dean Mack, the firm's president and co-founder.
Equatorial reported a $5.9 million loss on sales of $12.6 million for the 3d quarter ended September 28th, and expects no significant improvement for
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