Michael Capellas
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Michael Capellas
Michael David Capellas (born August 19, 1954) is an American executive in the computer and telecommunication industries. Capellas served as chairman and CEO of First Data Corporation, acting CEO of Serena Software, chairman and CEO of Compaq Computer Corporation until its merger with Hewlett-Packard where he became president of the post-merger company briefly, and president and CEO of WorldCom (later MCI) where he led its merger with Verizon. Early years Capellas claims that he inherited a gritty determination from his father, a Greek citizen who fought with the Greek Army against the Germans in Italy in World War II. After the war, the elder Capellas met and married his wife, Juliet, in Italy. The family then emigrated to Ohio where Capellas' father worked his way up from laborer to superintendent at the Republic Steel Corp. ''My dad had an unbelievable work ethic. He was intensely loyal to the company. He worked there for 30 years,'' says Capellas. As an undergraduate at Ken ...
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Compaq Computer Corporation
Compaq Computer Corporation (sometimes abbreviated to CQ prior to a 2007 rebranding) was an American information technology company founded in 1982 that developed, sold, and supported computers and related products and services. Compaq produced some of the first IBM PC compatible computers, being the second company after Columbia Data Products to legally reverse engineer the IBM Personal Computer. It rose to become the largest supplier of PC systems during the 1990s before being overtaken by Dell in 2001. Struggling to keep up in the price wars against Dell, as well as with a risky acquisition of DEC, Compaq was acquired for US$25 billion by HP in 2002. The Compaq brand remained in use by HP for lower-end systems until 2013 when it was discontinued. Since 2013, the brand is currently licensed to third parties for use on electronics in Brazil and India. The company was formed by Rod Canion, Jim Harris, and Bill Murto, all of whom were former Texas Instruments senior managers. ...
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Eckhard Pfeiffer
Eckhard Pfeiffer (born August 20, 1941, in Lauban, Germany Lublań.html"_;"title="ow_[ow_Lublań,_Poland.html"_;"title="Lublań">ow_Lublań,_Poland.html"_;"title="Lublań.html"_;"title="ow_Lublań">ow_Lublań,_Poland">Lublań.html"_;"title="ow_Lublań">ow_Lublań,_Poland">Lublań">ow_Lublań,_Poland.html"_;"title="Lublań.html"_;"title="ow_Lublań">ow_Lublań,_Poland">Lublań.html"_;"title="ow_Lublań">ow_Lublań,_Poland_is_a_businessman_of_Germans.html" "title="ublań">ow_Lublań,_Poland.html" ;"title="Lublań">ow_Lublań,_Poland.html" ;"title="Lublań.html" ;"title="ow Lublań">ow Lublań, Poland">Lublań.html" ;"title="ow Lublań">ow Lublań, Poland">Lublań">ow_Lublań,_Poland.html" ;"title="Lublań.html" ;"title="ow Lublań">ow Lublań, Poland">Lublań.html" ;"title="ow Lublań">ow Lublań, Poland is a businessman of Germans">German ancestry, who served as president and CEO of Compaq from 1991 to 1999. He was named as one of ''Time'' "Cyber Elite Top 50" for 1998. Personal li ...
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Michael Capellas
Michael David Capellas (born August 19, 1954) is an American executive in the computer and telecommunication industries. Capellas served as chairman and CEO of First Data Corporation, acting CEO of Serena Software, chairman and CEO of Compaq Computer Corporation until its merger with Hewlett-Packard where he became president of the post-merger company briefly, and president and CEO of WorldCom (later MCI) where he led its merger with Verizon. Early years Capellas claims that he inherited a gritty determination from his father, a Greek citizen who fought with the Greek Army against the Germans in Italy in World War II. After the war, the elder Capellas met and married his wife, Juliet, in Italy. The family then emigrated to Ohio where Capellas' father worked his way up from laborer to superintendent at the Republic Steel Corp. ''My dad had an unbelievable work ethic. He was intensely loyal to the company. He worked there for 30 years,'' says Capellas. As an undergraduate at Ken ...
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Chief Executive Officer
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (notably state-owned enterprises). The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of main manager of the organization and the highest-ranking offic ...
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Cisco Systems
Cisco Systems, Inc., commonly known as Cisco, is an American-based multinational corporation, multinational digital communications technology conglomerate (company), conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment and other high-technology services and products. Cisco specializes in specific tech markets, such as the Internet of Things (IoT), internet domain, domain security, videoconferencing, and energy management with List of Cisco products, leading products including Webex, OpenDNS, XMPP, Jabber, Duo Security, and Cisco Jasper, Jasper. Cisco is one of the List of largest technology companies by revenue, largest technology companies in the world ranking 74 on the Fortune 100 with over $51 billion in revenue and nearly 80,000 employees. Cisco Systems was founded in December 1984 by Leonard Bosack and Sandy Lerner, two Stanford University computer scientists who ...
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VCE (company)
VCE (abbreviation for "Virtual Computing Environment") was a division of EMC Corporation that manufactured converged infrastructure appliances for enterprise environments. Founded in 2009 under the name Acadia, it was originally a joint venture between EMC and Cisco Systems, with additional investments by Intel and EMC subsidiary VMware. EMC acquired a 90% controlling stake in VCE from Cisco in October 2014, giving it majority ownership. VCE ended in 2016 after an internal division realignment, followed by the sale of EMC to Dell. History Cisco Systems, EMC Corporation and VMware (partially owned by EMC) unveiled a joint partnership in November 2009 to develop cloud computing platforms called Vblock Infrastructure Packages. The partnership was originally called the VMware-Cisco-EMC alliance, though the name was later shortened to VCE, for the “Virtual Computing Environment coalition”. At the same EMC World trade show, Cisco and EMC introduced a joint venture named Acadia. ...
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Kohlberg Kravis Roberts
KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global investment company that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strategic partners, hedge funds. , the firm had completed more than 650 private equity investments in portfolio companies with approximately $675 billion of total enterprise value. , assets under management ("AUM") and fee paying assets under management ("FPAUM") were $471 billion and $357 billion, respectively. The firm was founded in 1976 by Jerome Kohlberg Jr., and cousins Henry Kravis and George R. Roberts, all of whom had previously worked together at Bear Stearns, where they completed some of the earliest leveraged buyout transactions. Since its founding, KKR has completed a number of transactions, including the 1989 leveraged buyout of RJR Nabisco, which was the largest buyout in history to that point, as well as the 200 ...
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Leveraged Buyout
A leveraged buyout (LBO) is one company's acquisition of another company using a significant amount of borrowed money (leverage) to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loans, along with the assets of the acquiring company. The use of debt, which normally has a lower cost of capital than equity, serves to reduce the overall cost of financing the acquisition. The cost of debt is lower because interest payments often reduce corporate income tax liability, whereas dividend payments normally do not. This reduced cost of financing allows greater gains to accrue to the equity, and, as a result, the debt serves as a lever to increase the returns to the equity. The term LBO is usually employed when a financial sponsor acquires a company. However, many corporate transactions are partially funded by bank debt, thus effectively also representing an LBO. LBOs can have many different forms such as management buyout (MBO), ...
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First Data Corp
First Data Corporation is a financial services company headquartered in Atlanta, Georgia, United States. The company's STAR Network provided nationwide domestic debit acceptance at more than 2 million retail POS, ATM, and Online outlets for nearly a third of all U.S. debit cards. First Data has six million merchants, the largest in the payments industry. The company handles 45% of all US credit and debit transactions, including handling prepaid gift card processing for many US brands such as Starbucks. It processes around 2,800 transactions per second and $2.2 trillion in card transactions annually, with an 80% market share in gas and groceries in 2014. First Data's SpendTrend Report is a key shopping metric for national news networks such as '' WSJ, USA Today'', ''ESPN'', ''The New York Times'', Vox Media, and ''Bloomberg''. In October 2015, First Data returned to public markets, selling 160 million shares in the New York Stock Exchange’s biggest IPO of that year. On Januar ...
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Silver Lake Partners
Silver Lake is an American global private equity firm focused on investments in technology, technology-enabled and related industries. Founded in 1999, the firm is one of the largest technology investors in the world. Its investment holdings have included Airbnb, Alibaba Group, Ancestry.com, Broadcom, Credit Karma, City Football Group, Dell Technologies, Endeavor, Expedia Group, Fanatics, First Advantage, Global Blue, GoDaddy, Jio, Lightbox, Motorola Solutions, New Zealand Rugby, NortonLifeLock, Red Ventures, Sabre Corporation, Skype, SoFi, GLG, Seagate Technology, SolarWinds, TEG, Twitter, Unity Technologies, Waymo, Weld North Education, WP Engine, Vacasa, the A-League football competition in Australia, and ZPG. Silver Lake is headquartered in Silicon Valley, and has offices in New York, London and Hong Kong. History Silver Lake was founded in 1999, at the height of the late 1990s technology boom to make private equity investments in mature technology companies as opposed ...
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MCI Communications
MCI Communications Corp. (originally Microwave Communications, Inc.) was a telecommunications company headquartered in Washington, D.C. that was at one point the second-largest long-distance provider in the United States. MCI was instrumental in legal and regulatory changes that led to the breakup of the Bell System and introduced competition in the telephone industry. Its MCI Mail, launched in 1983, was one of the first Email services and its MCI.net was an integral part of the Internet backbone. The company was acquired by WorldCom (later called MCI Inc.) in 1998. History Founding MCI was founded as Microwave Communications, Inc. on October 3, 1963, with John D. Goeken being named the company's first president. The initial business plan was for the company to build a series of microwave radio relay stations between Chicago, Illinois, and St. Louis, Missouri. The relay stations would then be used to interface with limited-range two-way radios used by truckers along U.S. R ...
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Carly Fiorina
Cara Carleton "Carly" Fiorina ('' née'' Sneed; born September 6, 1954) is an American businesswoman and politician, known primarily for her tenure as CEO of Hewlett-Packard (HP). As chief executive officer of HP from 1999 to 2005, Fiorina was the first woman to lead a ''Fortune'' Top-20 company. In 2002, Fiorina oversaw what was then the largest technology sector merger in history, in which HP acquired rival personal computer manufacturer, Compaq. The transaction made HP the world's largest seller of personal computers. HP subsequently laid off 30,000 U.S. employees. Nonetheless, the number of employees exceeded the pre-merger figure and grew to 150,000 during her tenure.Goldman, David"Behind Carly Fiorina's 30,000 HP layoffs" CNN (September 21, 2015): "She has also notedcorrectlythat despite bruising layoffs, she hired more people than she fired. HP and Compaq had a combined 148,100 employees just before she was hired in 1999, and 150,000 by the time she was fired in 2005." ...
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