I feel Mark T second innings will be the best thing to happen for Citrix during this testing time. I have a hunch (and wish) that he will be the next CEO.
Thoughts?
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All of these abbreviations that I have no idea who they are and I work here.
The efforts of my team helped pay for the acquisition of Orbital Data with one Program. I think Mark T was awesome.
Why not CR as CEO?
Look at Mike Arenth. He’s been given a strategic role by Bob Calderoni. He’s been a past ceo and has a wealth of SaaS experience.
He could be the guy positioned to take over after Bobby C goes back to the links. He’s an outside person and has no ties to Citrix’s past culture.
He’s my “wild card”. Don’t under estimate him. JK? No way. Does not have the depth to talk to investors.
Any company with integrity would have cut ties with JK immediately after the solar winds debacle came to light.
CR, lol. The Brits had their 15mins when Chalfont/Cambridge were darling of Citrix few years ago. Anyone who was around then knows how it went down.
Agree, , it was around late 2000s that Mark decided Citrix needed to be more of a Marketing machine than it had ever been. . Many in engineering felt that change at the time. It worked for a while, revenue grew several years actually and lot of ppl made money. Despite the missteps, nepotism, incompetence, etc. The adverse effects would be delayed.
JK is out of race. The contest is now between CR, CR and CR.
Good question, Isnt JK also the chief technology guy that was chased out of Solarwinds after their software led to that national cybersecurity attack? Wow.
How JK keeps on failing upwards is beyond me. I wish I had his superpowers!
What about CR as the CEO?
- Technology savvy (check)
- Business savvy (check)
- Visionary (check)
- empathetic (check)
- respected (check)
- knows Citrix in and out (check)
- active on Twitter (check)
What else do you need?
People on this forum seem to forget that Mark T was part and parcel responsible for the beginning decline of Citrix. He deserves a LOT of credit for taking the technical vision of the founders and extending it very successfully for a few years.
He did some monumentally stupid stuff as well. The acquisition of XenSource for $500M that didn't pay back at all? Podio? Kaviza? Zenmobile? a whole bunch of PoS acquisitions that made their founders a fortune, but who kind of poisoned the culture and wasted a huge amount of shareholder money. Mark was a great CEO when he was and he was a disaster when he stopped being great. Nobody knows when exactly that happened, but to many it was around the time when he decided that being CEO of a company founded in Texas and headquartered in Florida was not good enough and he needed to be a silicon valley player. The very obvious "move" of headquarters to San Jose rubbed a lot of people the wrong way and Mark was blind and deaf to those concerns. He lost the relationship to the value of money when he started making a lot. Lots of long term insiders have voiced that sentiment. (M&A team was basically shut out of any financial consideration of the XenSource acquistion as that was "Mark's Baby") The earlier round of Elliott investment and his subsequent ouster were entirely in his own making. I have a lot of respect for Mark and his unique capabilities, but let's not forget that he hit his limits - and that's when Citrix started its slow and steady decline.
JoeK is a joke. If he is the solution then we are doomed. Eng here.
my guess is that JoeK is going to be the next CEO. after the current reorg he's kinda-CEO anyway. if bet there's a deal with him and Bob that if he manages to do X (some further improvement of the numbers), he get's the role next year.
Who cares? The dumped us and treated us like cr-p! I don’t wish them well.
Marks doing his own thing. Mark was a great CEO and we were lucky to have him. He could sell a vision that Citrix was going to improve your organization and close big deals.
Al Monserrat as CEO!
Mark is a sales guy at his core. A great sales guy. Back in 2000s he led ctx revenue 2x and beyond. At that time ctx was a smaller company with innovative tech that was ready for broader market penetration. Mark showed us how, The ctx situation today seems quite diff - can’t sell the same stuff forever.
I would love to have him back, but I don't think he would like to come back, he is to smart, humble and genuine to be setup for betrayal again.
- The board sold him out due to Elliot Management request
- They went against his decision and look at the shape of the business now.
as much as I would like him back, my advice would be that he does not come back.
But the biggest issue is all those greedy people that ruined the company mainly ex SAP leadership. They imposed rules, prices and plans that only a company having market monopoly would do.
They demotivated staff.
Actually, someone else stated that the current situation is their fault, and I agree. SAP had for many years monopoly, when you bring in leaders from them you better make them aware that we/you are in a highly competitive market. This is the mistake they made and that all other vendor's should be aware off, when you bring in leadership from a none competitive market you need to teach them how we do business.