Salesforce.com’s CEO Marc Benioff To Steve Ballmer: Yes, You’re ‘An Emblem Of An Old Era’ And It’s Time To Leave Microsoft

Marc Benioff To Steve Ballmer: Yes, You’re ‘An Emblem Of An Old Era’ And It’s Time To Leave Microsoft

JULIE BORT NOV. 18, 2013, 8:53 PM 6,286 5

Salesforce.com’s CEO Marc Benioff has something to say about Steve Ballmer’s decision to leave Microsoft: You’re right, Steve. Time to go. Benioff was commenting on an article that appeared in the Wall Street Journal on Sunday, where Ballmer, Microsoft’s CEO, described his decision to retire:“Maybe I’m an emblem of an old era, and I have to move on,” the 57-year-old Mr. Ballmer says, pausing as his eyes well up. “As much as I love everything about what I’m doing,” he says, “the best way for Microsoft to enter a new era is a new leader who will accelerate change.”

Benioff agrees and says the problem isn’t just with Microsoft.

“The world has changed. The companies that are struggling in the market today have not gone cloud. They have not gone social. They have not gone mobile. They are still trying to sell the same old stuff,” Benioff said to analysts during a quarterly conference call.

Benioff didn’t name names but said there’s a whole bunch of CEOs, particularly in enterprise, who have been in the corner office for eons.

We can think of a few: Oracle’s Larry Ellison (36 years), Cisco’s John Chambers (nearly 19 years) and EMC’s Joe Tucci (almost 14 years). To some extent, the list could even include IBM’s Ginni Rometty, who has been at IBM since 1981, although she’s only been CEO for about two years.

Ballmer admitted he’s “too representative of the past,” Benioff says.  “For a lot of these companies, that quote could be about them.”

Interestingly, Benioff isn’t against aging CEOs per se, just against CEOs that don’t adopt new technology with the times. He’d like to see Bill Gates come back as Microsoft’s CEO, something Gates has said he’s not going to do.

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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