![]() ![]() Proctor explained that each year the Board conducts a detailed review of capital credits. Proctor credited more aggressive right-of-way maintenance practices as helping prevent outages, as well. He explained that a large part of the reason is the fact that the area didn’t have a major weather event in 2021. The average outage time in 2021 was 2.04 hours per consumer, the lowest that it has been since 2000. Proctor went on to say that 2021 brought a stellar year of system reliability. He said members said they liked the convenience of the drive-through registration last year, so it was adapted to fit the traditional in-person business meeting. In his report, Proctor opened by acknowledging the new format of the annual meeting, which is a hybrid of last year’s drive-through meeting and past years’ in-person meetings. Even though its earnings announced this week fell below analysts’ expectations, it reported revenue of $5.5 billion for the third quarter, about a 5 percent jump over the same period last year.Receiving service awards were: Dennis Reddick, 5 years Lindy Chester, 10 years Jessie Harshner, 10 years Micheal Byrd, 15 years Terry Calhoun, 15 years Justin Powell, 15 years Jay Gibson, 20 years Jamey Donaldson, 25 years Jackie Ellis, 35 years and Michelle Parker, 35 years.įollowing the presentation of employee service awards, Greg Proctor gave the president/CEO’s report. Still, none of them are close to challenging EMC. In the past three years, he said, investors have invested some $1 billion to fund these upstarts. Over the past few years, almost 30 new start-ups have cropped up to try to sell new storage technology to business clients, according to Cox. Top sales people can earn as much as $500,000 a year.Īnd Pure Storage’s sales people aren’t the only ones trying to challenge EMC. In its suit against Johnson, EMC said he made more than $1.1 million in a four-year period. “I have not used any confidential information I received from EMC in the performance of my duties for Pure Storage.”įor companies such as Pure Storage or EMC, aggressive sales people are highly coveted assets. “Since joining Pure Storage, I have not attempted to solicit the business of any customers of EMC with whom I had a relationship while at EMC,” he said. The company says that the employee agreement that both Cochran and Johnson signed prevents such behavior.Ĭochran has disputed that claim in an affidavit filed with the court earlier this month. In the lawsuit against Cochran, who joined Pure Storage this year, EMC claims that he is improperly using information gained while an employee to actively target EMC customers. It has about 300 employees and is looking to double that number next year.Īccording to its website, Pure Storage is hiring across the country including in markets such as Boston, New York, and Dallas, looking for candidates in sales, engineering, marketing, and business development. The four-year-old company has raised about $245 million from some of the country’s top venture capital firms, including $150 million in August that the company said would be used to recruit more talent and prepare for a possible initial public stock offering. “They’ve been very aggressive in comparing themselves against EMC.” “They believe in making sure they protect their investments, and that means protecting the investments that they make in training people.”Īnd EMC is under increasing attack from upstarts such as Pure Storage, he said. “They are a tough competitor,” said Roger Cox, vice president of research for Gartner Inc., a technology research firm. The suit kept him out of the storage industry for about a year. ![]() When one of its former top executives, David Donatelli, left the company in 2009 to become head of a storage division at competitor Hewlett-Packard Co., EMC sued to block that move. It has previously sued former employees who left the company and joined rivals for violating employment contracts and noncompete clauses. EMC has a reputation for tough tactics against competitors.
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