Patrick Pichette and Art of Corporate Finance in IT Industry
I was reading through Patrick Pichette's interview with Mckinsey Quarterly last week, and it was perhaps one of the few interview reports that made me sit back, read, read, and read through again. Its quite an old interview, but worth looking given its relevance in today's fast changing IT landscape. The report certainly made me to think about many aspects of corporate finance and strategy. Patrick's ideas are certainly commendable and thought provoking - From managing Short Term metrics to Start-Up culture. Here are some excerpts and my thoughts... 'Managing Short Term/Tactical metrics' Managing short term metrics is part of corporate life once an organization goes public. There is a general expectation from investing community to meet/beat analyst estimates and that puts a lot of pressure on C-Level executives. Nevertheless, it is required of C-Level executives to meet short-term goals as well as long-term vision. In the report, Patrick suggests that short...