83 - Ex-CEOs: Intel, Ford, Qualcomm, WPP – Revisiting Bosses Now Gone
Fortt Knox9 Jul 2018

83 - Ex-CEOs: Intel, Ford, Qualcomm, WPP – Revisiting Bosses Now Gone

Nothing is forever. Especially when it comes to running a multi-billion-dollar public company. This week, in a Fortt Knox podcast special, we're going to do a little retrospective … interviews with CEOs who, for now at least, are no longer CEOs.

I've been doing this podcast for more than a year and a half, so I've sat down with dozens and dozens of top executives, founders and entrepreneurs. Inevitably, change happens. Sometimes the company's board of directors wants a new strategic direction. Sometimes power struggles erupt. Sometimes personal failings come to light.

This time, the lessons from the highest achievers come with an asterisk. Just because you reach the top of an organization doesn't mean you'll stay there. I would add another: Just because these execs are no longer in their old jobs, don't assume they're done. When Steve Jobs was shoved out of Apple in the '80s, he went on to found NeXT, build Pixar, and return to Apple. Mark Hurd was ushered out of HP and landed what turned out to be a better gig at Oracle.

We start with Brian Krzanich, who was CEO at Intel until three weeks ago. That's when Intel's board of directors learned he'd had a relationship with an Intel employee that violated company policy. I got to know Krzanich when he took over the CEO job from Paul Otellini. Brian likes to be called BK, and I quickly learned that he's most comfortable holding onto his identity as an engineer rather than thinking of himself as a corporate executive. The most memorable part of my conversation with him in January 2017: When he revealed a different kind of mistake earlier in his career that almost cost him his job at Intel.

Mark Fields is another executive who'd spent a long time at his company and climbed to the top before his exit. The bottom line on his departure: The stock wasn't doing well, and some within the company lost patience. Fields was in the CEO seat about three years, and my CNBC colleague Jim Cramer thinks he wasn't given enough time to really make his mark. When Mark and I talked in April of last year about his path to the top of Ford, he said he developed a reputation for volunteering to tackle big problems:

Speaking of boardroom drama, Qualcomm right now has one of the most dizzying situations in techland. The company's locked in a legal battle with Apple over patent payments, it just fended off a hostile takeover attempt from rival Broadcom with an assist from the U.S. federal government, and former CEO and chairman Paul Jacobs – the son of founder Irwin Jacobs – left the board and is trying to raise money to take the company private. Paul Jacobs sat down with me in June of last year and talked about his commitment to Qualcomm. If you think he might give up his fight where the company's concerned, just listen to this:

Sir Martin Sorrell built WPP by putting together various ad firms and PR businesses into an empire the likes of which the industry had never seen. He resigned from the company in April with allegations swirling about personal misconduct and misuse of company resources. He has denied those allegations, and is in the process of relaunching his career with a new venture called S4 Capital.


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Episoder(147)

35 - Danielle Weisberg & Carly Zakin, The Skimm cofounders: Millennial Mavericks

35 - Danielle Weisberg & Carly Zakin, The Skimm cofounders: Millennial Mavericks

This week on the podcast: Danielle Weisberg and Carly Zakin, co-founders and co-CEOs of the Skimm. Their core product? The Daily Skimm, a newsletter targeting millennial women that keeps you up to date on what's happening in the world. They didn't invent the daily newsletter by a long shot, but Weisberg and Zakin are working the kind of magic with it that should make every media executive in the world sit up and take notice. Here's a little context: The New York Times announced recently that it has 13 million subscriptions to its 50 newsletters. Weisberg and Zakin have 5 million subscribers who open their one newsletter multiple times per week. I caught up with Carly and Danielle at The Skimm's headquarters on 23rd Street in Manhattan, to talk about their journey as business partners and friends, the roots of their entrepreneurial drive, and today's unique challenges for women in the startup game. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

10 Jul 201752min

34 - Mike Tuchen, Talend CEO: A Teen Adrift Becomes A CEO

34 - Mike Tuchen, Talend CEO: A Teen Adrift Becomes A CEO

Mike Tuchen is the CEO of Talend, a company with a billion-dollar market value. It helps customers take advantage of their data and apply it effectively. But before kicking off a career that's included an executive stint at Microsoft and a turn as CEO of Rapid7, he was nearly kicked out of boarding school and had to figure out how to make a contribution as the runt of his Brown University rowing team. Tuchen joined the Fortt Knox podcast to share a story that's not your typical wunderkind-makes-good tale. His story shows that when the pressure is on, believing in your unique talent can be the key to tilting the odds in your favor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

2 Jul 201727min

33 - Paul Jacobs, Qualcomm chairman: Building a Powerhouse for the Smartphone Era

33 - Paul Jacobs, Qualcomm chairman: Building a Powerhouse for the Smartphone Era

It's been about 10 years since the debut of the modern smartphone, when Apple's iPhone first went on sale. One of the companies that has most defined this decade? Qualcomm. Leading the charge at Qualcomm for most of that time has been executive chairman Paul Jacobs. His father Irwin co-founded the company, and Paul helped build it into a power broker in mobile computing. Qualcomm designs the chips that serve as the brains for most premium Android phones, and its patented technology is in pretty much every smartphone on the market. That has earned the company a stock market value that's now over $160 billion. I sat down with Paul Jacobs at CNBC headquarters for a conversation about some of his defining moments, and what's next. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

25 Jun 201743min

32 - Uber's Wake-Up Call for Leaders: Deirdre Bosa, Mike Isaac, Vivek Wadhwa

32 - Uber's Wake-Up Call for Leaders: Deirdre Bosa, Mike Isaac, Vivek Wadhwa

It's a story of ambition, innovation, management gone wrong: Uber. It's been a ride-hailing game changer, but also a cautionary tale, so this week on Fortt Knox Live, I brought together an expert panel to discuss the latest news and what it means for Silicon Valley. Mike Issac of the New York Times, Vivek Wadhwa of Carnegie Mellon, and my colleague Deirdre Bosa of CNBC joined me in San Francisco this week to break down the big changes coming for Uber's management, and what the rest of us can learn. Here's our conversation: Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

18 Jun 201732min

31 - Steve Ballmer, L.A. Clippers owner: Living Large After Microsoft

31 - Steve Ballmer, L.A. Clippers owner: Living Large After Microsoft

There's a story about former Microsoft CEO Steve Ballmer throwing a chair across his office and hitting a table with it. This story has become a piece of Silicon Valley lore. Now, Microsoft is not in Silicon Valley. It's in Washington State, near Seattle. But the story is a piece of Silicon Valley lore because of the reason Steve Ballmer allegedly threw the infamous chair. He wasn't aiming at a person. He didn't hate his table. He was fired up, because one of his engineers was leaving to take a job at Google. Google! And Google IS in Silicon Valley. The guy is passionate. One project he's spending time on in retirement: USAFacts. It's a trove of information about where our federal tax dollars really go – you can find it at USAFacts.org, and play with the numbers yourself. Ballmer started digging after his wife asked him to get more involved in the family foundation's charitable work. Ballmer is passionate about making sure kids have the opportunity to do better than their parents did financially. I asked him if that passion is what motivated him to do a massive data project. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

10 Jun 201720min

30 - Tom Siebel, CEO of C3 IoT: Billionaire vs. Elephant

30 - Tom Siebel, CEO of C3 IoT: Billionaire vs. Elephant

To say Tom Siebel has had an interesting life would be putting it mildly. He’s a billionaire, a tech visionary, and the survivor of an elephant goring eight years ago that, by the odds, should have killed him. Several doctors told Siebel he would never walk again, much less sail competitively. But he does. So what do you learn about life when you’ve stared down death in the form of a five-ton elephant, been crushed by that elephant, and lived to tell the tale? What do you learn when you’ve invented one of the first killer workplace apps of the PC era, then sold it for about $6 billion dollars? After you’ve made all that, survived all that, why, at 64 years old, are you still inventing? Tom Siebel, now the CEO of C3 IoT, sat down with me for the at the Nasdaq Marketsite in Times Square to share some insight into what’s made him tick – and what’s helped him succeed. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

3 Jun 201740min

29 - Nicole Eagan, Darktrace CEO: Riding Out the Boom/Bust Cycles

29 - Nicole Eagan, Darktrace CEO: Riding Out the Boom/Bust Cycles

Today she sits at the helm of a promising cybersecurity company. But first Nicole Eagan had to survive the dotcom bust. Eagan is CEO of Darktrace, a startup that battles hackers using software that gets smarter over time. Invented by mathematicians and former British intelligence operatives, the technology, much like a human immune system, looks for signs of odd behavior in a client's network. Eagan and Darktrace are on the cutting edge not only in security, but also in a gender-balanced tech workforce. Eagan says half of her employees are women. She knows how unusual that is, having operated in Silicon Valley through booms and busts … as an enterprise tech worker, a venture capitalist, and now as an executive. Nicole Eagan sat down with Fortt Knox to share lessons from efforts that worked, and efforts that didn't. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

29 Mai 201745min

28 - Kevin Busque, TaskRabbit co-founder & Guideline CEO: Married to the Game

28 - Kevin Busque, TaskRabbit co-founder & Guideline CEO: Married to the Game

You've probably heard of TaskRabbit – the online service lets you pay a contractor to run an errand, clean an apartment, put together an Ikea bookshelf – any number of odd jobs. Before there was Uber or Airbnb, TaskRabbit birthed the so-called "gig economy." You might not know that Kevin Busque co-founded TaskRabbit with his wife, Leah, who he is quick to admit was the brains behind the operation all along. In an unusual twist on the typical Silicon Valley story, Kevin and Leah were high school sweethearts, married right after college. They worked at the same company more than once, bootstrapped a business together, and eventually moved across the country to realize the Silicon Valley dream. Leah served as CEO of TaskRabbit for years, and is now executive chairman. Kevin recently launched a new venture, Guideline, a 401(k) platform. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

21 Mai 201742min

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