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Eagle Computer Lays Off Its No. 2 Manager

October 23, 1985|CARLA LAZZARESCHI

Richard Sergo, who became Eagle Computer Co.'s chief operating officer last June, has been cut from the company's payroll as part of a belt-tightening maneuver designed to keep the troubled computer maker alive.

Also cut from the payroll were the Garden Grove-based company's public relations officer, six temporary workers and three clerical workers. Eagle additionally has required all 30 of its management workers to accept pay cuts ranging from 10% to 42% in the case of Eagle co-founder and President Gary Kappenman, who previously earned $125,000.

Sergo joined the company last spring as a consultant to negotiate Korean manufacture of most of Eagle's computers.

In June, Kappenman elevated Sergo to the company's No. 2 position amid rosy projections of profits by September.

However, Kappenman said that, when the company failed to meet its goal, the cost-cutting moves became necessary. Sergo is expected to remain as a consultant to Eagle.

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