“I had a CEO who had offered this new engineer three-quarters of a percent of the company, but he wanted more. He was screwed over at his last startup. And the CEO didn’t know what to do. I asked, ‘What’d you give other guys at his level?’ Three-quarters. So that’s what he should tell him: ‘You’re not going to get screwed because nobody’s talking me into paying more.’ The CEO came back and said, ‘Done deal.’ The engineer didn’t want 1%. He was asking for fair. If you’ve been a CEO, you know. If not, you have to learn the hard way. We make some of the hard way the easy way.”—Ben Horowitz, Cofounder, Andreessen Horowitz, one of the hottest VC firms in the Valley—raising $2.7 billion in its first three years and helping companies such as Bump, Facebook, Foursquare, Groupon, Pinterest, Twitter, and Zynga.
“You look at companies like Motorola and Nokia—these type of guys who are big pushers of being socially responsible. Well, they are not really. Because what you’re doing is you’re just going to a factory that’s giving it to you for five cents less," he says. "But how do you think they got it to five cents less? It’s because they’re cutting corners.”—The former VP of Flextronics—a major electronics supplier—talks about the difficulties of trying to be a responsible company while also delivering on the seductive promises of China’s economy.
“I’d say that there was certainly significant resistance from some folks as we moved with more strategic purpose into the social media space. We needed to work with teams across the board to show the value of creating a Facebook page around a certain campaign, how to share information in as close to real time as possible via Twitter, whether pursuing opportunities in the mobile learning space made sense. But over the four years under Secretary Clinton, I’ve watched the naysayers diminish in huge numbers. From a sustainability perspective, it is critical that we work closely with folks to answer their questions and convince them that social media allows us to do things more effectively and to scale.”—
From Bogota to Tunisia, “bad diplomat” Suzanne Philion has spent a decade shaking up old-school notions of a career in Foreign Service. Read more->