Consumer >> CEO Interviews >> October 19, 1998

S. Leslie Flegel – Source Information Management Inc (sorc)

S. LESLIE FLEGEL is Chairman and CEO of The Source Information Management Company (The Source), a comprehensive category management organization, specializing in 'check-out' design and management. The firm is also a leading exclusive provider of magazine sales information and related marketing services to the operations of hundreds of retail chains in the grocery, convenience, mass merchandiser and pharmacy industries. Their integrated proprietary software systems is designed to efficiently and accurately monitor sales of high volume consumers' products primarily to optimize sales incentive payments offered by manufacturers. The Company tracks sales of thousands of items resulting in sales in billions of dollars and will collect incentive payments on behalf of their retailer clients in excess of $250 million annually. Prior to his position at The Source, Mr. Flegel was owner of CEO of Display Information Systems Co. (DISC) for 14 years, which merged with PMM to form The Source. From 1976 to 1981, he was senior vice president of marketing for ARA Services, a $4 billion diversified service company with over 100,000 employees. While at ARA, Mr. Flegel set up distribution of periodicals to all of the United States Naval bases throughout the world and to all ships at sea. He personally negotiated this project with Admiral Moore Chairman of the Joint Chiefs of Staff and Admiral Ryan, the Director of Navy Exchange business worldwide. Mr. Flegel served in the United States Army from 1961 to 1962 and was honor graduate at the Ft. Leonard Wood Training Center in 1961. A graduate of the University of Missouri-Columbia, Mr. Flegel earned his B.A. degree in 1959. He and his wife Elynor has since established the Elynor and Leslie Flegel for minority students majoring in journalism at the University of Missouri-Columbia, the Clara Fishman Fund for Single Parent Families and the Keyser/Flegel Scholarship Fund for children from single parent families. He is a member of the Jefferson Club and The Davenport Society at the University of Missouri-Columbia. He has been a frequent lecturer at the Business School of Washington University and was invited back to his Alma Mater as Executive in Residence at the School of Business and Administration. Mr. Flegel has won many business and has served on numerous community boards. Profile
TWST: Can we start out by your giving us a brief overview of the company

your history, your products and services and your customers?

Mr. Flegel: I don't know if I can do that briefly, but I