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Top Ten Movers and Shakers in Telecom

Light Reading
11/18/2003
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How long has it been since we've updated our list of the industry's Top Ten Movers and Shakers? Let's put it this way: the last time we fiddled with the list, George Bush was the president and the U.S. was at war with Iraq.

And, even more painfully, just six months ago we led you to believe that we were somewhat close to finishing the list, just lacking a few suggestions from our smarter-than-average readers (see Pick Your 'Movers & Shakers').

Boy, were we wrong.

So, while we roost here with egg on our faces – and why not? It's good for the complexion – we present our newest, most updatedest list for your edification.

But first, a note of explanation:

This Top Ten Movers and Shakers list follows a familiar format at first, but then it gets kinda weird (well, okay, weirder). .

Our new list still has pictures and descriptions of each Mover and/or Shaker. We want you to know them. We want you to walk up to them at tradeshows and pat them on the back with one hand, while thrusting your resumé into their gut with the other, all the while droning on about how they're just the kind of person you've always "envisioned" yourself "working with."

Unlike our past Top Ten lists (see The Top Ten Movers and Shakers in Optical Networking ), however, our "Has Been Bin" has been upgraded with a special new feature: Really Horrible Haiku™. We've decided that in the post-bubble environment, just about every former Mover and Shaker needs to be moved into the "Has Been Bin," so it's time to find a more elegant manner of trashing them.

What about those who came close to making the list? We chose not to recognize them this time around. And it really would have been a stretch to include them. Need an example? Well, okay, we'll share one nomination:

    I pick CEO Barry Nalls of Masergy Communications.

    While AT&T, Qwest, and everyone else tout IP/VPNs, Barry started a company 3 years ago that does MPLS. No one, and I mean no one, does Native IP with MPLS.

    Barry’s Chief Scientist heads up the MPLS Forum, Mr. Nalls has raised $100 million in a non-VC funding period, and Barry is at the forefront of truly revolutionizing the industry... If you rally take a look at the Website, there is no smoke and mirrors... I say, last year, Light Reading missed Barry. This year, it’ll be hard to ignore him.


Thanks so much. While we appreciate Mr. Nalls's accomplishments, his name poses a problem. Too many jokes. Fish in a barrel really. Also, we're familiar with Masergy and the wonderful things they do with Native IP with MPLS (and native martinis with olives) – but we couldn't find anybody to corrobate the idea that Nalls has truly revolutionized the industry (without smoke and mirrors).

Okay, enough mucking about. Peruse the following lists at your leisure, ponder our choices, and then use the message boards – or this handy email link: [email protected] – to let us know how wise or silly you think our choices are.

Thanks for your kind attention. Here's the list:

Table 1: Top Ten Movers and Shakers
Position Name
1 Hossein Eslambochi
2 Hong Lu
3 Ron Martin
4 Greg Mumford
5 Ed Kennedy
6 Bobby Johnson
7 Niklas Zennstrom
8 Bill Smith
9 Brian Protiva
10 Jim Dolce


Table 2: The Has-Been Bin
Position Name
1 Carl Russo
2 Pat Nettles
3 James Wei
4 Paul Ferri and Ed Anderson
5 David Huber
6 Kevin Kalkhoven
7 Milton Chang
8 Dan Smith
9 Wu-Fu Chen




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coco channel
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coco channel,
User Rank: Light Beer
12/4/2012 | 11:09:38 PM
re: Top Ten Movers and Shakers in Telecom
Don't forge about Charlie V. Accelerated Networks, Santero, Taqwoe..."Mr. Destructo" has left more ruins in his wake than Godzilla. Besides what company wouldn't want to have Chuckie's picture on every news release.
Iago13
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Iago13,
User Rank: Light Beer
12/4/2012 | 11:10:59 PM
re: Top Ten Movers and Shakers in Telecom
should move up the list now that he's apparently running the Red Sox too...
http://story.news.yahoo.com/ne...
whyiswhy
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whyiswhy,
User Rank: Light Beer
12/4/2012 | 11:12:49 PM
re: Top Ten Movers and Shakers in Telecom
Milton and luck:

If I were to guess, I would venture that Milton was busy growing Newport before you were born.

The bubble: It's true that some were lucky to be standing in the right place at the right time. Some timed their move to the right place. Neither of those classes of people earned it.

Milton built the places (plural) others were lucky enough to be standing in. He earned it.

Full disclosure: I never was employed by Milton, nor held any of his companies stock, but have known and done business with him since 1972.

-Why
networking_legend
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networking_legend,
User Rank: Light Beer
12/4/2012 | 11:12:51 PM
re: Top Ten Movers and Shakers in Telecom
I had the pleasure of working for New Focus before the bubble and well into the bubble and some

Your views are biased because you worked under him during the boom time. Who didnt have a favourable impression of their company leader when times were good?

The reality of life is that one's true character tends to be exposed in times adversity.
amp1
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amp1,
User Rank: Light Beer
12/4/2012 | 11:12:52 PM
re: Top Ten Movers and Shakers in Telecom
Did you guys all make money in Milton's company? I've had to deal with him and he's a pompous, arrogant guy who thinks he knows everything. He got lucky duirng the bubble, that's all.
busto
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busto,
User Rank: Light Beer
12/4/2012 | 11:12:53 PM
re: Top Ten Movers and Shakers in Telecom
I will speak for myself but I am sure you will not find anyone to contradict what I am going to write here about Milton. He has amazed me time and time again that he can respond to voice mail or email from a worker bee such as myself. He has always, except for a few instances, responded within 24 hour time period and even then we are talking about a day or two despite what I know is a very busy schedule of his. I know this not to be just the case with me but I know others get the same response as well. He has always been helpful and insightful and he welcomes dialog that opens up new approaches that expand on his. He is about best practices and designs that can make a difference. I had the pleasure of working for New Focus before the bubble and well into the bubble and some. Let me say that everything that made New Focus a great place to work for in the early years was due to Milton and whom he chose to hire. I learned a lot from the people he chose to surround himself with and I am forever grateful for the vision that he instilled in me and all who cared to listen. In most cases where someone can take a negative jab at him, do not forget he is a business man as well. From what I have seen he runs a tight ship in regards to best business practices and therefore hard lessons will be learned by those whom expect the good guy Milton to not make hard line business decisions.

Anyway I will sign my name as I am proud to be able to associate my name with Milton and everyone else whom I had the pleasure to work with at New Focus in the early years.
Cheers,
Michael Bustamante
Lichtverbindung
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Lichtverbindung,
User Rank: Light Beer
12/4/2012 | 11:13:33 PM
re: Top Ten Movers and Shakers in Telecom
Having first hand experience, I can confirm that Milton is more of an entrepreneur than a VC. Hence, the proper characterization made by whyiswhy. Milton works hard, earns his money the hard way, builds companies, does not like hype and for a guy that still has that much money is pretty fair in business dealings.
He should not be listed in the "has-been bin".
whyiswhy
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whyiswhy,
User Rank: Light Beer
12/4/2012 | 11:13:36 PM
re: Top Ten Movers and Shakers in Telecom
Agree 100%. I knew Milton when we both schleped sales booths in the early 70's. He did it the honorable way; earned every penny he got.

I vote him immunity from the has-been bin. He's far above the others on the list. And don't give me any "historical" crap.

BTW, JJ Pan onto the all time pigs list.

-Why
vermillion
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vermillion,
User Rank: Light Beer
12/4/2012 | 11:13:55 PM
re: Top Ten Movers and Shakers in Telecom
...doesn't deserve to get crapped on in the same flush as a lot of the other dethroned weasels in the industry. He may have had his own motives, but the guy spent the better part of a decade talking to rooms full of geeks at university campuses and research conferences trying to encourage them to get out of the lab and start companies. Geeks like me owe him a debt of gratitude for giving us a perspective the profs never could.

-v
Krazykat
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Krazykat,
User Rank: Light Beer
12/4/2012 | 11:13:59 PM
re: Top Ten Movers and Shakers in Telecom
A special "dirty" pig award goes to Henry Schact who managed to feed at the Lucent trough twice. oink. oink.

The first feeding was at the behest of Bob Allen when Lucent was spun-out from Ma Bell. Poor Henry was a complete outsider though, he pumped up Lucent through the midpoint of the bubble, saw the the waterfall ahead and got out while the going was good with 80million in stock options!!! He handpicked Rich McGinn, who's already on this list?

So after the collapse he comes back for a second feeding and this time grooms Pat Russo, another pig on the list?

And even now, he's still feeding at the trough even though there's nothing left but scraps (he must have a sore snout) as honorary Chairman or something like that, and collecting a "nice" salary. And telling retirees that their pensions are safe even though the companies going down the tubes.

I nominate Henry for a lifetime achievement award.
CanMan
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CanMan,
User Rank: Light Beer
12/4/2012 | 11:14:01 PM
re: Top Ten Movers and Shakers in Telecom
I agree Matt Bross has cemented the #1 spot.
What about Vab Goel though in the top 10?
Former Qwest exec, turned Norwest partnter and Virtela chair.

He has openly boasted about taking stock from start-ups for equipment in the Qwest network.
Mr. Mutt
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Mr. Mutt,
User Rank: Light Beer
12/4/2012 | 11:14:01 PM
re: Top Ten Movers and Shakers in Telecom
I don't mean to perpetuate the east side/west side (I thought Tupac and Biggie finished that, but anway), but there are two sides to every coin. I have to say, having been to many of the places being argued for and against, the Bay Area has the most of anything you could want. Off the top:

- Top 5 world city (San Fran)
- 7 major league teams (2 football, 2 baseball, 2 basketball, and a hockey)
- World class ski area (Lake Tahoe)
- World class wine country (Napa)
- World class ocean town (Monterey/Pebble Beach/Carmel)
- World class surfing (Santa Cruz, Mavericks)
- World class mountain/rock climbing (Yosimite)
- More tech than anywhere in the world
- Year-round mild climate

Sure, and all these things come at a price too:
- Highest gas prices in the country
- Highest cost of living in the country
- housing costs increasing 10-30% annually
- Worst public transit system
- Worst freeway/traffic
- Worst male/female ratio in the country
- Most wacko, pinko-commie people imaginable (SF, Santa Cruz, Berkely, Stanford)

So, if you have the ability to live off the 280 coridor in Atherton, Los Altos, Menlo, or Palo Alto, there is no place better. If you're a schlep like me shacking up with 3 other guy so we can afford the relatively low $2800/mo. rent, well, I take solace in the fact I don't have to shovel my driveway in January. Tech will always be here, it will always be the strongest here, because this is where the tech money is and the tech people are. They bay is to tech what NYC is to financial insitution. If you like it, good, if you don't, well then don't live here. I plan on making my mint and getting the f- out of here. Don't we all...
whyiswhy
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whyiswhy,
User Rank: Light Beer
12/4/2012 | 11:14:04 PM
re: Top Ten Movers and Shakers in Telecom
"...Hey the guy even has a Harley Road King."

Just shows that ridin' a Hog ain't no guarantee of bein' cool. On that note, gotta say there's way too many axeholes ridin' here in the Valley.


duc993
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duc993,
User Rank: Light Beer
12/4/2012 | 11:14:05 PM
re: Top Ten Movers and Shakers in Telecom
agree with you.
we are moving towards service industries and ...simple life with jobs like repair cars ,nursing , restaurants, cotton farming.
high tech which means our technology is higher than other countries is no longer true or will be no longer true in near term.
And with that , go away our supremacy.
the feeling is like being eating slowly by the thousand pirenhas !
mantv58
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mantv58,
User Rank: Light Beer
12/4/2012 | 11:14:05 PM
re: Top Ten Movers and Shakers in Telecom
Intelligent people even exist in DC..."outside the industry". I know this may be hard to believe, particularly for that certain, special SF crowd.

Fully agree with your characterization of NE, ragnar. But it can be as provincial as SF. But somehow not quite so obnoxious...



whyiswhy
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whyiswhy,
User Rank: Light Beer
12/4/2012 | 11:14:05 PM
re: Top Ten Movers and Shakers in Telecom
Military and aerospace will still be here, and by the looks of the latest bill (this AM) coming out of congress, so will the prescription medicine industry.

They are both very high tech, much more so than televisions and palm handhelds. Hell of a lot more involved in putting a 777 together than a FPGA or a laser diode.

Downside: In US aerospace there is no such thing as significant stock options or venture money. So there is no chance for the average guy to get above average. It's really a government job without a uniform. But there is a pension.

Note: those industries are definitely not free trade, and they along with agriculture (and the people they employ) are doing just fine. Better than semiconductor or optoelectronics for sure. So much for the arguements of the free-traders as to how our country is better off for exporting jobs and importing illegal workers.

Free trade: Democracy for sale.
sevenbrooks
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sevenbrooks,
User Rank: Light Beer
12/4/2012 | 11:14:06 PM
re: Top Ten Movers and Shakers in Telecom

I think we should add Matt (give me stock in your startup) Bross to the list. He not only propped up lots of companies, he generally added to the bubble.

The entire executive management team at Lucent should get a special nomination for their $7M stay bonus while Pat Russo was being recruited.

Chris Galvin should be added for a $29M package for being fired from being CEO at Motorola. Whatever happened to 2 weeks severance.

seven
ragnar
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ragnar,
User Rank: Light Beer
12/4/2012 | 11:14:06 PM
re: Top Ten Movers and Shakers in Telecom
Gee....I guess there is no culture beyond the traffic filled commute to San Francisco.....no art /museums / music / shows anywhere else in the US.

Perhaps you have heard of the Boston Pops, or the NY Philharmonic, or Broadway.....

Oh...and water....the patch of blue called the Atlantic seems to be in close proximity to both Boston and NY/NJ....

Hmmmm what else, oh right ...forgot..hills...we have place called Vermont nearby as well.

All this and a 2500 sq ft house will cost you a boat load less than the Valley.

By the way....there are intelligent people outside the valley as well. Some of them are actually not involved in this industry and hence you can have intelligent conversation with people without ever mentioning the letters I & P.

So continue to foot the large mortgage payment and ride your bike to work, and think there is no life outside of your 1/4 acre plot..... you arrogant pompous fool.
wap545
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wap545,
User Rank: Light Beer
12/4/2012 | 11:14:06 PM
re: Top Ten Movers and Shakers in Telecom
My God! This list is really boring. SOunds more like an effort by Light Reading to make sure some of the big players (in the industry) get their officers on the list.
There are only two people listed that are at all of interest to any of us in this Telcom/Network/Service Provider world, and those are:
Niklas Zennstrom and Brian Protiva.
These guys, especially Zennstrom are really exciting and will have a major impact long term in our Space. The rest of the Shakers (??) are and will continue to focus on only what will enhance their companies or their own resume.
This is a VC recycle List.

Jim
lightreceding
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lightreceding,
User Rank: Light Sabre
12/4/2012 | 11:14:07 PM
re: Top Ten Movers and Shakers in Telecom
"Common... we need two more!"

Okay how about Kevin (the Dunce) DeNunccio. Okay so he isn't a Vinod or McGinn. But hey he blew the last $200,000,000 that Redback had after pumping the numbers at Cisco SPLOB and standing watch during the debooking scandal and the Trafficante kickback scandal. And now he is still pumping while taking Redback through a bankruptcy. This guy is a real case of an underachiever catching the wave. After flopping twice at Cisco his buddy Listwin (a bigger groper than Arnold) gets him the SPLOB VP job just before the bubble inflates and he sits back while his people take orders, and gets rich,while pumping and dumping. Does it get any better. Hey the guy even has a Harley Road King.
wilecoyote
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wilecoyote,
User Rank: Light Beer
12/4/2012 | 11:14:09 PM
re: Top Ten Movers and Shakers in Telecom
DW, you are a pretty credible poster, but I disagree with your assessment of the situation in the Valley. I think AMD, Intel, Cisco, HP, Oracle, Apple and the 100 or so other large public companies in the Bay are staying right where they are. Yeah their grumbling but that's just political jockeying to get a tax break or to scare the Governator into passing some kind of favorable legislation to help Intel cut some costs somewhere to squeeze another penny/share this quarter.

Yes, they need to stay put, and are staying put. That's because they know they can't fund risky R&D projects and though temporarily broken, the startup model is finding its footing again. The public companies need them. They need people to resign in anger, go start a company to compete against them, then buy it. Or they need the company to blossom and compete, to force it to evolve. Cisco people love Juniper for that reason. Ask them. Intel people love AMD. Oracle people love(d) Informix. The studs anyway. The people who get up every day to go out and kill something for a living. The kind of people who make the Valley run thrive on competition and you can't get it anywhere else, man!

Whatever the case, the key is concentration of talent.

Look at LA as an example. Lots of neat public companies: Broadcom, QLogic, etc. Yet even the best ones struggle mightily because they have to hire furniture salesmen to sell HBAs. The problem? Too few talented people in that geography. Broadcom had to buy a bunch of companies in the Bay and then they couldn't manage them, so they are shutting them down. The same thing will happen to others who brave a move to the outposts of the technology world.

To the lifestyle point. Grass ain't greener DW. It just ain't. In fact it's And the weather in RTP, Dallas, Houston, Austin, Boston, Jersey SUCKS. So yeah, people who are laughing at my $2m 2,500 square foot house while they're sitting in their 4,500 square foot place. But they are pissed off at the bugs, the humidity, the cold, the lack of mountains and ocean, physical beauty in their back yard. They are bummed out on a Saturday night when they can't swing up to SF for the Opera, or a play. They are starving for interesting conversation because the people around them are dummer than mules, and completely bland. I laugh at those people as I'm ripping down the switchback at Purissima Creek on my mountain bike or tearing up KT-22, or sailing on the Bay on April 1, running through the million options I have on any given Saturday night.

Still, I'm glad to hear there is happiness outside the Bay. No, really.
DarkWriting
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DarkWriting,
User Rank: Light Beer
12/4/2012 | 11:14:11 PM
re: Top Ten Movers and Shakers in Telecom
"Wile: There is a good life out of the Valley; ask anyone who has left if they ever want to return. I have yet to hear a yes."

Why,

Exactly right and this is the same reason why companies are leaving the valley. It's not because of the high worker's compensation and other so called anti-business environmental factors. The valley is a congested rat hole (as are a lot of other places). The companies leave because they know they can get qualified professionals for less money because people are interested in QoL. The rest is BS. Don't expect Ahnold to correct this situation.

DW
whyiswhy
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whyiswhy,
User Rank: Light Beer
12/4/2012 | 11:14:12 PM
re: Top Ten Movers and Shakers in Telecom
My personal pig list nomination:

Pat R: For doing nothing for LU and making a lot for herself. The opposite of Carly F, was a least appears to be turning the company around.

-Why

PS:

Wile: There is a good life out of the Valley; ask anyone who has left if they ever want to return. I have yet to hear a yes.
wilecoyote
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wilecoyote,
User Rank: Light Beer
12/4/2012 | 11:14:13 PM
re: Top Ten Movers and Shakers in Telecom
Why, you make good points. But I think it's time to stop pointing fingers. My dic_head list is as long as anyone's but it's counterproductive to do this now. What people should be thinking about is what their plan is. If the Valley is too expensive, they should leave. It's sad, I know. I have friends who have left who are very close to me, and now they are living in North Carolina and Arizona. They are taking jobs they never would have dreamed of taking.
wilecoyote
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wilecoyote,
User Rank: Light Beer
12/4/2012 | 11:14:13 PM
re: Top Ten Movers and Shakers in Telecom
Why, you make good points. But I think it's time to stop pointing fingers. My dic_head list is as long as anyone's but it's counterproductive to do this now. What people should be thinking about is what their plan is. If the Valley is too expensive, they should leave. It's sad, I know. I have friends who have left who are very close to me, and now they are living in North Carolina and Arizona. They are taking
fw23
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fw23,
User Rank: Light Beer
12/4/2012 | 11:14:14 PM
re: Top Ten Movers and Shakers in Telecom

Joseph Nacchio - Former CEO of Qwest

All the contracts the Qwest signed with
equipment sellers and then backed out of
put him on the list. So does the federal
investigation of Qwest.

Romulus Pereira - Former CEO of Riverstone

* Because the accounting at riverstone is so
messed up that they have been unable to
even manage to restate their earnings for
many months. They got de-listed from NASDAQ
and are under investigation.

* Because rather than get rid of him, they
made him chairman.

Randall Kruep - Former CEO of procket

Chainsmoker, didn't know how to lead, didn't
understand how to be successful or how to
build success. It was all about smoke rather
than success.

Scott Kriens - CEO, Juniper

Because Juniper is in debt, never made a dime
in profit and is a badly run business.



btierney
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btierney,
User Rank: Light Beer
12/4/2012 | 11:14:14 PM
re: Top Ten Movers and Shakers in Telecom
danny briere
scott bradner
frank Dzubeck
whyiswhy
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whyiswhy,
User Rank: Light Beer
12/4/2012 | 11:14:15 PM
re: Top Ten Movers and Shakers in Telecom
So after WWI, manufacturing moved from Europe to the US. Germany resisted the move by going Military. I mean, that is how Hitler got so popular: by providing jobs for the middle class. Which lead to WWII. The Fifties saw manufacturing begin to move to Japan, and so in the 60's we went Aerospace and landed on the moon. By the end of the 60's Japan made all the radios, TVs, etc. And we went Military and had Vietnam, then Star Wars, which took us through the 80's.

The 90's saw manufacturing begin to move to China and SEA, and by the 00's, it is a done deal. We went Military again, this time more or less all of the ME.

The only things likely to continue to be manufactured here are autos, airplanes, as in Military equipment, and drugs. Two reasons on autos: 1) transportation costs are high for cheap cars, but not so for expensive cars, 2) unions and companies cooperated to make laws requiring percentages of (labor) content. Military equipment is obvious to stay here. Medicines will stay here as long as the drug companies get favorable treatment from Congress, namely, rape the US consumer in price.

The rest of the US economy is oil refinement to make gasoline and petrochemicals, agriculture like corn, rice, wheat, and some raw materials like Copper, etc.

Chips and dips...gone.
duc993
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duc993,
User Rank: Light Beer
12/4/2012 | 11:14:15 PM
re: Top Ten Movers and Shakers in Telecom
tons of tech persons ( making 60k-100K salary ) are dropped out of unemployment list , in the mean time wall mart and the likes hire more people , so that maintains the unemployment rate to 7,8% to the delight of politicians that the worst is over.
no , don't delude yourself , things are not picking up . what we are producing here ( that china and india cannot produce ) that make things picking up ?
we are going through a huge repricing , that will take years before equilibrum will be achieve , in the mean time try to get a job in the film industry with the New Governor Arnold.
dodo
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dodo,
User Rank: Light Beer
12/4/2012 | 11:14:16 PM
re: Top Ten Movers and Shakers in Telecom
what about Carly Fiorina.

After all the blunders she made or that were made under her watch at Lucent, she managed to jump ship to HP (telling them that they needed someone with her achievement from Lucent).
She managed to make sales by using all types of avenues, federal lobbyists to get foreign contracts (re Saudi Arabia), twisting the arms of CTO and CIO of prospective customers to make sales etc.

Once she got to HP, she tries to use the same MO to twist the arm of Deutsche Bank to get their votes for the merger with Compaq and after a quarter of supposedly subtantial gain in sales , she came out to reveal that HP has been too aggressive about its pricing of its PCs. On the same day, Dell decided to further reduce its price levels on some items. Talk about trying to put a fight with Dell.
Forget it. Dinosaur mentality v/s insurgents
romeo-foxtrot
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romeo-foxtrot,
User Rank: Light Beer
12/4/2012 | 11:14:18 PM
re: Top Ten Movers and Shakers in Telecom
A few more, well-deserved, nominations:

Rich McGinn: an obvious candidate for the #2 slot! (#1 is permanently reserved for Matt Bross)

Mory Ejabat and Jeanette Symons: squandering $500 million in 4 years certainly qualifies them! Plus they are so "brilliant" that they list ONLY themselves in the Zhone management team on the web page. What ego!

Jack Grubman: definitely! Let's hope the SEC takes all that money back in fines (wishful thinking).

...and I'll add one more nomination in the name of Bernie Ebbers. Let's hope his hopefully future cell-mates enjoy his cow-boy look.

So the updated list is now (in order of appearence):

1 - Pat Russo
2 - Vinod Khosla
3 - Matt Bross
4 - Rich McGinn
5 - Mory Ejabat
6 - Jeanette Symons
7 - Jack Grubman
8 - Bernie Ebbers
9 -
10 -

Common... we need two more!

Please state your reason for the nomination.

whyiswhy
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whyiswhy,
User Rank: Light Beer
12/4/2012 | 11:14:18 PM
re: Top Ten Movers and Shakers in Telecom
"It appears whyiswhy got trained under the Big Man - Mr Bill, who made the headlines when he testified, " I did not have sex with that woman - Lewinski" :-)"

Wha? I ran over to left field and that one still missed me.

Actually, you misquoted the man. There was an audible pause (period) between the words "that woman" and the words "Ms Lewinski".

So technically, he told the truth. Got to admire an exceutive in trouble who listens to good legal counsel (Hilary). Saved his butt in Whitewater too.

:-)

-Why
sir-wish-pro-wide-her
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sir-wish-pro-wide-her,
User Rank: Light Beer
12/4/2012 | 11:14:18 PM
re: Top Ten Movers and Shakers in Telecom
whyiswhy writes "It's really really bad, but I will admit it doesn't look that bad.".

It appears whyiswhy got trained under the Big Man - Mr Bill, who made the headlines when he testified, " I did not have sex with that woman - Lewinski" :-)
whyiswhy
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whyiswhy,
User Rank: Light Beer
12/4/2012 | 11:14:19 PM
re: Top Ten Movers and Shakers in Telecom
"Yes the unemployment rate in the Valley is high, but every report I am seeing points to around 7 to 7.5% range, and probably going to around 6-6.5% in the forecast for 2004."

It's really really bad, but I will admit it doesn't look that bad.

The rate you quote does not count the 50 to 100K people, mostly H1B's that were here and now are gone. Back to China and India. Mostly.

And as I am sure you are aware, if you are unemployed for over 90 days they drop you into another category called discouraged (or the equivalent). Consider the reported unemployment rate a rolling rate.

With the cost of housing in The Valley being what it is, you need two incomes or an IPO (or a rich Daddy) to buy. Most of my older friends are managing on one income, savings, and credit cards.

A couple of the have maxed out their cards and are going through various forms of bankruptcy. One friends wife is still working; so they get (forced) help from a credit counselor. One is losing his home, but will get some money out of the sale to continue to live on for another year, since apartment rents have dropped (what with all the H1B's leaving) to near-free.

I am lucky to have a great job, and multiple offers, even in this market. And I agree things are picking up. I just feel for those who will have to wait another six months 'till they see light.

In the better days, I could do more for them than listen, I could get them a job. Watching pigs take a big chunk of change and then fiddle while their companies burn is frustrating.

-Why
wilecoyote
50%
50%
wilecoyote,
User Rank: Light Beer
12/4/2012 | 11:14:19 PM
re: Top Ten Movers and Shakers in Telecom
Whyiswhy, et al:

Why the doom and gloom? Man that's so last year. Just kidding. My wife says that about my clothes. Thought I'd throw it out. Sorry.

Yes the unemployment rate in the Valley is high, but every report I am seeing points to around 7 to 7.5% range, and probably going to around 6-6.5% in the forecast for 2004. Office space is affordable again and I have a hard time feeling sorry for the greedy SOBs who stuck it to the technology world in the heyday, talking about their high vacancy rates. Let them starve. They created a lot of misery for a lot of companies and a lot of people went out of business due to high rents alone. Those fuc_heads. I digress.

The traffic loads are back (that sucks but it means things are picking up doesn't it?), there are lots of new companies getting started, those who survived the last three years are looking pretty good (possibly stronger than they would have, had the lame companies hung in there and kept the noise levels in the market on full volume). I also see public companies starting to hire again and their balance sheets are still strong from great runs and big liquidity events in earlier years. Interest rates remain low and the macro economic picture in the U.S. looks decent, finally.

I think the Governator will help business too, and now our cool factor is back. Time to party!

So why worry, why?
whyiswhy
50%
50%
whyiswhy,
User Rank: Light Beer
12/4/2012 | 11:14:20 PM
re: Top Ten Movers and Shakers in Telecom
Humm, I missed that one. It got zero comments, which I can only attribute to the date being the first day back for most people.

I suggest you do it during the Christmas run-up, when the majority of the un-employed (many at the hands of these lovely people) are wondering how they are going to pay their rent and buy food let alone get the kids some presents.

The unemployment rate in Silicon Valley is worse than it was in the deepest part of the '29 to '32 Depression (anywhere in the country), worse than Detroit after Japanese autos hit, etc. There are entire square industrial blocks here with nothing but "Space Available" signs on them. Commercial rent is 0.60 per square NNN (and still dropping), with a years worth of TI thrown in (going to 18 months worth).

In the midst of that misery, to see the Fat Cats purring is really over the top...

Legs!

-Why
fiberous
50%
50%
fiberous,
User Rank: Light Beer
12/4/2012 | 11:14:21 PM
re: Top Ten Movers and Shakers in Telecom
It might be actually useful to start a list
that identifies CTOs who turn out to be bozos.
This list will help VCs and folks changing jobs
to make sure they dont see them on the company
roster.

What do the readers think of who should be on
this list?
fw23
50%
50%
fw23,
User Rank: Light Beer
12/4/2012 | 11:14:21 PM
re: Top Ten Movers and Shakers in Telecom
>If you are referring to those industry >executives with "super-sized" compensation >packages, we've actually put together lists like >this before -- only we call the "Fat Cats."

The pig list, at least as far as I'm concerned,
isn't really fat cats. The pigs are people
with a degree of wealth and/or fame, visibility
in the sector and whose name means something but
not in a way that suggests "role model".


Jack Grubman and Jeanette Symons are good
examples. Matt Bross is another great example.
Romulus Pereira (former CEO of riverstone) is
one that might qualify.





5514DD
50%
50%
5514DD,
User Rank: Light Beer
12/4/2012 | 11:14:21 PM
re: Top Ten Movers and Shakers in Telecom
Let's talk about literal hogs -- how about the ten fattest people in telecom? In this industry that would be a competitive list. Maybe Matt will be on more than one list?
go_ON
50%
50%
go_ON,
User Rank: Light Beer
12/4/2012 | 11:14:22 PM
re: Top Ten Movers and Shakers in Telecom
That seems like a fine idea. It is either "All your base" or "I am mister Optical" personaly insulting, ego-driven crap. While your at it give BobbyMax a column.
zipple
50%
50%
zipple,
User Rank: Light Beer
12/4/2012 | 11:14:22 PM
re: Top Ten Movers and Shakers in Telecom
Scott said: If you are referring to those industry executives with "super-sized" compensation packages, we've actually put together lists like this before -- only we call the "Fat Cats."

___________

Fat Cat != Pig, I think.

If the Nishan story is true, people like McGraw & the named VCs will have problems ever finding another decent team to work with:

http://www.siliconvalley.com/m...

(I would love to see an article on the whole story. I can't believe these people would throw away their reputations on a few million, when they've already made many times that. Hey LR, are you funded by LightSpeed?)
Scott Raynovich
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50%
Scott Raynovich,
User Rank: Light Sabre
12/4/2012 | 11:14:23 PM
re: Top Ten Movers and Shakers in Telecom
If you are referring to those industry executives with "super-sized" compensation packages, we've actually put together lists like this before -- only we call the "Fat Cats."

http://www.lightreading.com/do...

Yes, another list like this is in order.
whyiswhy
50%
50%
whyiswhy,
User Rank: Light Beer
12/4/2012 | 11:14:23 PM
re: Top Ten Movers and Shakers in Telecom
We all know the only place the LR top ten list gets published in on the printer outside the office of those who get listed. OK, maybe their corporate website links to it. Sorry, but you know it's true.

OTOH, looks like we got momentum of the top ten pigs idea. So why don't you guys do some value added and give it a name better than top ten optical pigs? The Nobel has the IgNobel...any ideas? The whole idea is straight up the LR punk alley (come on admit it!), and you could even make a "splash" about it in the "real" press.

My nose says it's got "legs". Go for it!

-Why
dodo
50%
50%
dodo,
User Rank: Light Beer
12/4/2012 | 11:14:25 PM
re: Top Ten Movers and Shakers in Telecom

That's why he needed an advisor last year:-(

"Marco Carugi joined Nortel Networks in September 2002 as Senior Advisor, Advanced Technology, CTO office. Marco actively participates in various standard bodies. He is currently co-chair of the IETF PPVPN (Provider Provisioned VPN) Working Group and acts as Rapporteur of Question 11 (IP-based services over MPLS networks) in ITU-T Study Group 13. "
lightreceding
50%
50%
lightreceding,
User Rank: Light Sabre
12/4/2012 | 11:14:27 PM
re: Top Ten Movers and Shakers in Telecom
Oh and I second Pat Russo, Mory Ejabat and Vinod Khosla.
lightreceding
50%
50%
lightreceding,
User Rank: Light Sabre
12/4/2012 | 11:14:27 PM
re: Top Ten Movers and Shakers in Telecom
I nominate Rich McGinn for his fraudlent management at Lucent and Carly Fiorina for claiming success at Lucent to land the CEO job at HP.
romeo-foxtrot
50%
50%
romeo-foxtrot,
User Rank: Light Beer
12/4/2012 | 11:14:28 PM
re: Top Ten Movers and Shakers in Telecom
So let's start the list.....

No. 1 nomination seems to be, from previous posters, Pat Russo, for continuing to line her pockets while not driving the cuts Lucent needs. This way we are now also inclduing a woman.

I nominate Vinod Khosla as number 2, for playing the slimey game of "stock options for contracts" with his start-up investments (ONI, Corvis) that led to the completely unethical of Matt Bross & company.

And of ocourse the list MUST include Matt Bross, for reasons well known to all (see http://www.lightreading.com/do... )

So the "Top 10 Pigs" list is now:

1 - Pat Russo
2 - Vinod Khosla
3 - Matt Bross
4 - ....

I will update as new nominations come in.....
fw23
50%
50%
fw23,
User Rank: Light Beer
12/4/2012 | 11:14:28 PM
re: Top Ten Movers and Shakers in Telecom

Randall Kruep
Jeanette Symons
Mory Ejabat
Scott Kriens
Yakov Rekhter

romeo-foxtrot
50%
50%
romeo-foxtrot,
User Rank: Light Beer
12/4/2012 | 11:14:29 PM
re: Top Ten Movers and Shakers in Telecom
Mumford is very smart. Manages all the details. Makes sure that product development is well done.

But a "mover and shaker"?

His role in making Nortel an optical power-house was primariliy to have been lucky in having the OC-192 system that was designed solely for MCI become the industry norm through clever marketing (that didn't come from him) and the start of an industry bubble.

Apart from that Greg stayed stuck for way too long in the high cost mentality that has made Nortel optical gear non competitive in today's market (unless it is sold below cost), and his role as CTO has NOT had him play the leading technology visionary role that LightReading ascribes to him, especially in VoIP and Wireless, where a lot of the "technology vision" was laid out way before he came into the role.

Greg is a great traditional telecom manager, and highly respected. As a visionary, you may want to look elsewhere.
Larry, Monkey
50%
50%
Larry, Monkey,
User Rank: Light Beer
12/4/2012 | 11:14:30 PM
re: Top Ten Movers and Shakers in Telecom
You suggest: 'Perhaps you can filter out all of the "all your base" crap while your rewriting your software.'
An excellent suggestion, but, alas, all-your-base deletion is still rather labor intensive... which means the all-your-baser (who shall here remain nameless) is perilously close to permanent banishment.
RouterOttawa
50%
50%
RouterOttawa,
User Rank: Light Beer
12/4/2012 | 11:14:31 PM
re: Top Ten Movers and Shakers in Telecom
How come the "next" link still downloads a message from somebody you are ignoring? Did you forget the special case of said author's message being the last message on the list?

Just curious.

PS: Perhaps you can filter out all of the "all your base" crap while your rewriting your software.
BobbyMax
50%
50%
BobbyMax,
User Rank: Light Beer
12/4/2012 | 11:14:33 PM
re: Top Ten Movers and Shakers in Telecom
To the best of my knowledge, nobody has mentioned or talk about these individuals. These guys may be spokesperson of theior respective, but they have nothing to do with any aspects of telecom.

In many companies, all work is done by the real employees but the guys mentioned here have taken the idea from their workers and have casted as their own idea. It happens too often that the work of junior engineers or a marketing is stolen by a senior person in the company and this guy becomes the inventor and anything else that the internal politics demands. I think, even to mention these names, is very dangerous to the morale of the people who advance ideas, but it is stolen by senior people in the company. These guys use these ideas freely as their own to advance their careers. It is really sickening.
hauteroute
50%
50%
hauteroute,
User Rank: Light Beer
12/4/2012 | 11:14:35 PM
re: Top Ten Movers and Shakers in Telecom
thanks Phil. Right on re: ENRON
hauteroute
50%
50%
hauteroute,
User Rank: Light Beer
12/4/2012 | 11:14:35 PM
re: Top Ten Movers and Shakers in Telecom
#1 on VH1 Top Models... Hey have some fun eh?
whyiswhy
50%
50%
whyiswhy,
User Rank: Light Beer
12/4/2012 | 11:14:37 PM
re: Top Ten Movers and Shakers in Telecom
Pat does not belong on this list. It's clear she has only self interest on her mind, with any trivial benefit to LU as a far second priority. In that regard, she is no different that anyone of the other LUsers on their board. They are just biding their time accumulating their excessive compensation, with no downside (to them) in sight.

So I think we need a top ten pigs list. Pigs are exceutives and their board cronies who cut themselves huge compensation packages and don't deliver. They hold the institutions that own their stock hostage by fear of change. And the analysts get cozy and fat on the deal too.

And big chunks of US industry go into the crapper.

But heck, that's JMHO

-Why
alcabash
50%
50%
alcabash,
User Rank: Light Beer
12/4/2012 | 11:14:38 PM
re: Top Ten Movers and Shakers in Telecom
I don't get your comment on Enron and Fortune. Nobody can dispute that Enron was the most innovative company in America, they thought of accounting scams that had never been invented before ;-)
DCITDave
50%
50%
DCITDave,
User Rank: Light Beer
12/4/2012 | 11:14:39 PM
re: Top Ten Movers and Shakers in Telecom
re: "Hey Phil -- aren't you from Texas?"

Yep.

re: "What's this 'cozy Brit boys club' that indica's talking about?"

Dunno. Maybe someone's been reading Orwell's "Burmese Days" and they think I'm Ellis.
sevenbrooks
50%
50%
sevenbrooks,
User Rank: Light Beer
12/4/2012 | 11:14:39 PM
re: Top Ten Movers and Shakers in Telecom

I would have nominated Pat Russo for perhaps the worst CEO in telecom. She needs to cut horrible businesses and move along. Yet, she refuses to do so at the peril of Lucent. Its still a dog, its shrinking and no obvious path to growth.

Get rid of the dead wood.

Jim
Scott Raynovich
50%
50%
Scott Raynovich,
User Rank: Light Sabre
12/4/2012 | 11:14:39 PM
re: Top Ten Movers and Shakers in Telecom
Hey Phil -- aren't you from Texas?

What's this "cozy Brit boys club" that indica's talking about?
dodo
50%
50%
dodo,
User Rank: Light Beer
12/4/2012 | 11:14:40 PM
re: Top Ten Movers and Shakers in Telecom
you may disagree but Pat's tough decisions were made(are being taken) to ensure that she together with her ilks can continue to fill their pockets whilst a lot of talent may be queuing in the food line once their severance and unemployment run out.

What innovative or groung-breaking decisions has she taken so far to sustain the business ?
Zilch !

Hence she has no place in the top ten JMHO
DCITDave
50%
50%
DCITDave,
User Rank: Light Beer
12/4/2012 | 11:14:41 PM
re: Top Ten Movers and Shakers in Telecom
You admit that Lucent isn't performing well and yet you suggest we put Pat on our list because she's a woman?

Or because Fortune called her a powerful woman?

That sounds like the wrong thing to do for all the wrong reasons.

ph

P.S. Fortune magazine called Enron "America's Most Innovative Company" for six consecutive years.
Tony Li
50%
50%
Tony Li,
User Rank: Light Beer
12/4/2012 | 11:14:41 PM
re: Top Ten Movers and Shakers in Telecom

Is it just me, or are all of the links pointing to their staging area?

Tony
Scott Raynovich
50%
50%
Scott Raynovich,
User Rank: Light Sabre
12/4/2012 | 11:14:41 PM
re: Top Ten Movers and Shakers in Telecom
no, it's not you... we screwed up.

we are fixing, but in the meantime the links on the left-hand side of the page in the black bar will get you where you need to go
indica1019
50%
50%
indica1019,
User Rank: Light Beer
12/4/2012 | 11:14:41 PM
re: Top Ten Movers and Shakers in Telecom
It's shameful that Lightreading contributes to the sexism in the telecom industry by not including a single woman on the Top Ten list.

While Fortune has put Pat Russo on it's 10 Most Powerful Women in Business again this year, she apparently doesn't make LR's cut. Lucent might not be at the top of it's game, but it's a hell of lot better off after Pat's tough decisions that none of her predecessors had the balls to make.

LR editors - when are you going to wake up from your cozy British boy's club and realize that the rest of the world has moved on? Get with it, mates.
btierney
50%
50%
btierney,
User Rank: Light Beer
12/4/2012 | 11:14:42 PM
re: Top Ten Movers and Shakers in Telecom
oops was refering to anderson and ferri
btierney
50%
50%
btierney,
User Rank: Light Beer
12/4/2012 | 11:14:42 PM
re: Top Ten Movers and Shakers in Telecom
and these guys really thought they could walk on water....
sir-wish-pro-wide-her
50%
50%
sir-wish-pro-wide-her,
User Rank: Light Beer
12/4/2012 | 11:14:43 PM
re: Top Ten Movers and Shakers in Telecom
1. You guys are seem a bit harsh on those that seem to have fallen from grace
2. Is there a typo in Really Horrible Haiku"? Is it supposed to be Hagger The Horrible?
3. I think you missed one more deserving entry in the "Has Been Bin". I would have included the lightreading staff member that had picked the previous top 10 movers and shakers :-)
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