Business Intelligence Network Business Intelligence Resources

Blog: Claudia Imhoff

« We need Mis-Chief Officers in Corporate America | Main | So You Think You Are Alone. Think Again »

Siebel's Ex-CEO Talks

Apparently you don't want to disagree with Tom Siebel. It'll cost you your job -- so says Michael Lawrie in a recent Business Week article. Michael was the CEO for Sieble for less than one year and says he was shocked when he was fired.

According to the article, Lawrie's main problem was that he just couldn't "connect" with Tom Sieble. While they met frequently, it appears that Tom just didn't like the fact that his new CEO was actually changing the direction of his company. But isn't that why you bring in a new person?

But then again, Tom Sieble has been pretty quick to fire his top executives when the company's performance did not live up to expectations. Unfortunately that kind of behavior has not improved the company's faltering sales -- Siebel, the company, has seen its revenues decline for the past 2 years with no end in sight.

Looking back, Lawrie says that maybe he should have focused more on expenses rather than trying to improve the growth of the company. Sounds like a good idea for a company whose revenues are slipping badly. Maybe the next CEO will take his advice and have better luck. And just maybe Tom will relinquish a little of the $2.2 billion the company has in cash to its shareholders. It might just make them a bit happier.

  Posted by Claudia Imhoff on May 12, 2005 12:24 PM |

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)