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Executive power starts with personal integrity. Who has it? That's one question I posed to a group of venture capitalists and executive recruiters recently when I asked them to help me build an ultimate network industry "Dream Team."
I required this executive power team to include a CEO along with leaders for an imaginary start-up's financial, marketing and technology departments. No holds barred, I told them - yank 'em out of retirement, steal 'em from competitors, rob other companies of their business acumen, market savvy, technical expertise - who would they want on the executive management rosters?
Cisco CEO John Chambers, as you'd expect, popped up without fail as an exemplary CEO candidate. Although well beyond taking a start-up's helm, he possesses the characteristic trio of intelligence, motivation and maturity that must mark today's CEO, says Len Doherty, principal at L.J. Doherty & Associates, an executive search firm in Sudbury, Mass.
True, says Stuart Phillips, general partner with U.S. Venture Partners (USVP) and onetime Chambers' employee. Chambers embodies what a CEO should be: "intellectually honest, very smart and someone who is adaptable," he says.
Chambers surely does a good job of passing those fundamentals on to his underlings - half of our source's A-list CEO candidates for the executive Dream Team have worked or currently work for him. Don Listwin, now CEO at Openwave Systems; Carl Russo, now CEO at Calix ; and Mike Volpi, senior vice president in charge of Cisco's Routing Technology Group; are among those our sources consider fantastic CEO candidates for the start-up or, in the case of those who already have CEO experience, a young public company.
Outside the Cisco camp, network veterans who came to the fore as Dream Team CEOs are Desh Deshpande (Cascade Communications, Sycamore Networks, now retired). Mory Ejabat (Ascend Communications, Lucent, now CEO of Zhone Technologies); Dominic Orr (Alteon WebSystems, Nortel, now retired); and Surya Panditi (Avici Systems, US Robotics, now CEO of Polaris Networks ). With their leadership prowess, these executives are easy choices to take over just about any corporate helm, our sources say.
When it comes to the top finance role, you need someone who can be comfortable being a business partner to a CEO, who has the strength of character and trust relationship with the CEO to talk straight on tough issues, USVP's Phillips says. You want people who have shown they can think strategically about the financial viability and growth opportunities of a company, adds Ryan Floyd, general partner at Storm Ventures. Larry Carter (Cisco), Mike Johnson (Ascend, Amber Networks) and Jack Pacheco (Solectron, now vice president of finance at Ignis Optics ) bubbled up with attributes suitable for the top finance spot.
Jeannette Symons (Ascend, now CTO and vice president of engineering at Zhone) popped up as a good candidate for the vice president of engineering slot, as did Shirish Sathaye (Fore Systems, Alteon, now general partner with venture capital firm Matrix Partners). "You want someone who is smart, highly pragmatic, who has great leadership skills, is high energy and hard working, with a demonstrated history of ability to deliver products. You need someone who knows the limits and who, from an integrity standpoint, is not afraid to speak the truth," says Susan Moore, a general partner with Onset Ventures.
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