IT Confidential: A Name, A Degree--What's Really Real - InformationWeek
IoT
IoT
News
Commentary
10/4/2002
04:33 PM
Commentary
Commentary
Commentary
50%
50%
RELATED EVENTS
Building Security for the IoT
Nov 09, 2017
In this webcast, experts discuss the most effective approaches to securing Internet-enabled system ...Read More>>

IT Confidential: A Name, A Degree--What's Really Real

It's a move one analyst describes as the equivalent of former Boston Red Sox star Roger Clemens pitching for the rival New York Yankees. The hiring of Bill McDermott, most recently executive VP of worldwide sales at Siebel Systems, as CEO of SAP America is a key development in SAP AG's efforts to meet co-chairman and CEO Hasso Plattner's goal of becoming the dominant customer-relationship management vendor, says Louis Columbus, a senior analyst at AMR Research. McDermott brings experience selling to corporate customers, something SAP was seeking for its U.S. operation, Columbus says. "This is a real strong shot in the arm."

Charles Levine, president of Sprint PCS, will retire and "relocate to his ranch in California," according to the company. Levine was named chief operating officer of Sprint PCS in January 2000, and became president in February of last year. He'll be replaced by Len Lauer, president of Sprint's global markets group and a veteran of IBM and Bell Atlantic. Two weeks ago, Sprint PCS offered mixed guidance for its financial future, saying it had won new business clients but has seen an unexpectedly high number of individual customers cut off for nonpayment of bills. Sprint now expects to see a modest loss in customers during the third quarter, its first-ever decline in subscribers.

Veritas Software said last week that its CFO, Ken Lonchar, resigned because he had "misstated his educational credentials, including incorrectly claiming to have received an MBA from Stanford University," according to a statement. The CFO spot at Veritas, a storage-management software vendor, will be filled in the interim by Jay Jones, senior VP and chief administrative officer. The company expects to name a new CFO by year's end. "While Ken's misstatement about his academic credentials is unfortunate, it has no bearing on the accuracy of our financial results or the quality of our financial procedures and controls," president and CEO Gary Bloom says.

The name game continues. KPMG Consulting last week changed its name to BearingPoint. The consulting firm chose the name from a list of 550 submitted by employees and brand analysts. In July, Deloitte Consulting said it had chosen a new name--Braxton--and will begin using it later this year when its separation from Deloitte Touche Tohmatsu is complete. Deloitte is touting Braxton, which it inherited when it acquired Braxton Associates in 1984, as a "real name," not something made up. "Let's face it--the world is tired of coined, invented, and whimsical corporate names," said Brian Fugere, Deloitte Consulting's chief marketing officer, in a statement. He didn't name any names.

I'm not tired of whimsical corporate names--I don't know any. Melodramatic, yes. Whimsical, no. If you know a whimsical corporate name, or an industry tip, send it to jsoat@cmp .com or phone 516-562-5326. If you want to talk about branding or resumé plumping, meet me at InformationWeek.com's Listening Post.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
2017 State of IT Report
In today's technology-driven world, "innovation" has become a basic expectation. IT leaders are tasked with making technical magic, improving customer experience, and boosting the bottom line -- yet often without any increase to the IT budget. How are organizations striking the balance between new initiatives and cost control? Download our report to learn about the biggest challenges and how savvy IT executives are overcoming them.
Video
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll