A Quote by John T. Chambers
Since I became CEO, 87 percent of the companies in the Fortune 500 are off the list. What that says is that companies that don't reinvent themselves will be left behind. I also think that's true of people. And I think it's true of countries.
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That's a good question. I think there should be many other women CEO s. It feels natural to be a CEO of WellPoint, and part of the reason may be that women may be drawn to healthcare as a profession. Women make 70 percent of all healthcare decisions. Women are currently available-ready, willing, and able-to be CEOs of major Fortune 50 or 500 companies. And I expect them to emerge as such over the days, weeks, and months ahead.
All things being equal, I think people would still prefer to do business with their hometown companies. That's true in America, that's true in China, that's true in Germany.
It is all of our jobs to make sure that women's rights are human rights, and that they do have a place at the table, and we all push toward equality. The leadership numbers for women in business really haven't changed since I began as CEO. There are only 21 female CEOs at Fortune 500 companies, there is only 17 to 19 percent of female representatives in Congress, there are only eight female governors.
We need to create brand institutions. In the fortune 500 companies, 5 Indian companies are named while 15 are from China though we have similar kind of populations.
Another thing I've observed is how critical the role of the CEO is when a technology truly is disruptive. In looking back on companies that have successfully launched independent disruptive business units, the CEO always had a foot in both camps. Never have they succeeded when they spin something off in order to get it off the CEO's agenda. The CEOs that did this had extraordinary personal self-confidence, and almost always they were the founders of the companies.
The NBA's a Fortune 500 company. That's how you look at it. And all the other Fortune 500 companies out there in the world, you don't see their CEOs and COOs going to work with white tees and baggy clothes and stuff like that. So I have to take that same approach.
The NBAs a Fortune 500 company. Thats how you look at it. And all the other Fortune 500 companies out there in the world, you dont see their CEOs and COOs going to work with white tees and baggy clothes and stuff like that. So I have to take that same approach.
I think that we can all learn from what smart companies are doing. My objective is to demonstrate what's possible, even during tough economic times. This is a period of great business dislocation, but that means it's also the time to try new things. This will be a challenge for existing companies. But the behaviors of smart companies can be learned.
At 25, I made many companies. I was thinking more like a businessman or entrepreneur than a CEO. I created many companies, small companies, medium companies. I tried to be involved in many kinds of activities, in finance, in real estate, in mining.
Last year, the journalist Malcolm Gladwell conducted a survey of chief executive officers of Fortune 500 companies for his book Blink. He discovered that while in the US population 14.5 per cent of all men are 6ft (1.83m) or taller, among CEOs of Fortune 500 companies the proportion is 58 per cent. And while 3.9 per cent of American adults are 6ft 2in or taller, almost a third of the CEOs were that tall.
I think you have to learn that there's a company behind every stock, and that there's only one real reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.
I'm against suing tobacco companies. I think abstinence is a perversion. I think Bush's lies are worse than Clinton's. I think Vegas was better when it was run by the mob. I think men are only as loyal as their options. I think stereotypes are true and rehab is for quitters.
Now the Japanese companies are more focused on that. To have two independent directors - I think it's good to have outside people look at you and think of what you could be doing better. Those are voluntary, but most of the companies told me they're going to do it. And I think it's good for them to say our returns on equity, for example, should be higher. Also, I think some could be more ambitious.
The fact is, there are Fortune 500 companies that have been founded during recessions.
I think bands will actually make more money without record companies; a much bigger share of the money will go to the bands. You won't have record shops taking 40 percent of the money. You won't have record labels taking 40 percent of the money. So they don't have to sell as many albums as they used to in the past. So it's not necessarily a bad thing if record companies disappear.
If you ask the average guy on the street to name five companies that have truly transformed themselves over the few decades, Hewlett-Packard would be on everybody's list. You'd also put on this list GE and Johnson & Johnson.
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