Compaq Message Board - Msg: 9016660

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Technology Stocks : Compaq

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To: TigerPaw who wrote (58667)	4/19/1999 7:38:00 PM
From: rudedog	Read Replies (2) of 97611

Tiger - Rosen was one of the founders of CPQ. The first CEO, Rod Cannion, just ran out of gas when the company got into the billion-dollar range - he did not have the skill set to run a big company. He was in the saddle for nearly 10 years. EP was in the top job for 8 years. Two CEOs in 17 years is not exactly a revolving door. Both of these CEOs understood the company intimately - Cannion created the original CPQ and every product through the creation of PC servers in 1989. EP was also one of the first employees and also knew the business intimately. But so did Rosen - he was in on the day 0, he funded every aspect of the startup and has kept the board active and involved. I would think that this would be one of the attractions to a good CEO candidate - an active and informed board who knows the business, and, based on history, 8 or 9 years at the helm to look forward to. The real problem is well known - the guy who can create a startup and lead and motivate in an Entrepreneurial environment almost never has the skills to lead it into a more formal large structure - cannion did better than most at that. Likewise the guy who can take a company from #5 to #1 while increasing revenues by a factor of 20 is no slouch, but a $40B company is a different animal than a $2B one. Michael Dell and Bill gates are obvious exceptions to this rule but off the top of my head I can't think of too many others.

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