Professor Elam

Wednesday May 14, 2014

TAMUSA students attended the annual meeting of Globalscape GSB today. GSB is a San Antonio based  pulicly owned company providing securie internet transfer of information. Which is to say they are in the cyber-security business. 

Accounting is the study of proper preparation of financial statements, among many other disciplines.This was a great opportunity to demonstrate to some students just how this information is handled. In intermediate accounting we study the accounting cycle as well as the corporate form of organization. This was vividly on display during the efficient conduct of the meeting. 

President James Bindseil was most cordial as were the other officers towards our group. Prior to the meeting we discussed the concept that cyber-security is finally perhaps experiencing  the seminal event that will bring it front and center in the corporate mindset. The Target CEO has now resigned in the wake of the recent credit card security breach at Target. Now both Target and JCP are having difficulty filling the CEO position. The meeting began promptly at  9 00 AM as planned. 

Board Chairman Tom Brown laid out the meeting agenda. President Bindsell gave a run down on recent developments as well as the strategy of how GSB was growing the business. Revenue has grown 9% per year since 2009.  The shareholders  voted on the election of new Directors as well as the selection of Grant Thornton as the external Auditor. 

We also met Matthew Goulet, VP Sales and Marketing. He had moved from Boston. Both he and our own Claude Nchanji commented on the cold NE weather. Jim Albrecht, CFO and Andrea Farmer VP Human Resources  also introduced themselves to us. There have been numerous articles quoting the President in various trade publications. 

Chairman of the Board Tom Brown poses with our group from left to right 

Claude Nchanji

CHairman Tom Brown

Professor Dennis Elam

Pauline Perry

Beatrice Therwhanger

Thanks to the GSB team for their hospitality during our visit !