Matsco---No Confirmation/Denial from Shieman, But Rumors Continue

 

May 9th, Friday, the Matsco Companies President Matt Shieman said he would send Leasing News a statement on changes at Matsco on Monday.

 

 

http://www.leasingnews.org/pictures_past/past_9-19-02.htm

 

“What I can say is that the rumor statement is far from being accurate

and that the financial performance of the Company this year has never been

better in its 20 year history.

“Hope all is well with you and I will send response on Monday.

“Matt”

 

The information does not pertain to the performance of Matsco or Greater Bay

Bank, but a major change and direction of the company; specifically, another

company that is cutting off lease brokers. It appears more companies are

relying on their in house sales staff, captive vendors, and niche market places.

At one time, the great majority welcomed “broker business,” but that

does not appear to be the growing trend today.

 

In the meantime, we continue to receive e-mails from many readers, such as:

 

“They are definitely out of the commercial and broker business and

they have let some people go. They took everyone off site last week and let

the survivors know about the changes.”

 

http://two.leasingnews.org/cartoons/TURNING-matsco.jpg

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