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.
re: Top Ten Movers and Shakers in TelecomWhy, 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.
re: Top Ten Movers and Shakers in TelecomWhy, 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
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.
re: Top Ten Movers and Shakers in TelecomDW, 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.
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.
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.
re: Top Ten Movers and Shakers in TelecomGee....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.
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.