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http://www.usatoday.com/money/industries/technology/maney/2004-01-07-maney_x.htm
Posted 1/6/2004 10:00 PM
Work hard, harder, hardest — tech industry titans find it hard to let go
There is a
crisis brewing in 2004. An entire generation of technology industry leaders
might soon spontaneously combust. One minute they'll be sitting in their
conference rooms and — foom! — nothing left but ashes.
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This is the conclusion after asking more than a dozen tech
CEOs and venture capitalists what they did over the holidays. The responses
were so far off the kinetic end of the activity scale, it makes the rest of us
seem ergophobic.
"When the economy is recovering and you are in the
groove, you work!" says Alan Warms, CEO of Internet company
Participate.com. Warms not only worked the whole holiday season, but also
interrupted his Christmas Eve dinner to go downstairs, receive a faxed contract
and fax it back. "Vacations are for recessions," he says.
After getting such hyper-responses, I turned to an author
of management psychology books to ask if tech leaders are going to be OK
— or if, as a society, we need to do an intervention.
"What worries me is that (the tech leaders) seem a
little showy about their vacation accomplishments," says Katherine
Goldman, author of Working Mothers 101 and other books. "People
love to list how much they do, as if it's a competition. And the line between
complaining and preening is pretty fine."
Take Mark Housley, CEO of
Glimmerglass, a
He closed a financing deal. He reorganized the company and
hired a chief operating officer "to focus the company on being able to
grow somewhere between 2X to 5X in 2004," as he puts it. He met with
customers and with Glimmerglass engineers who were also supposed to be on
vacation but who were in the office working on new products.
Then Housley adds:
"Fortunately, between phone calls and faxes and e-mails, one can go
sailing, cook an amazing carbonnade from a Christmas
cookbook, see all the movies I'd been waiting to see,
explore
For the record, a carbonnade is
kind of a fancy beef stew. I had to look it up. Thought it might be a drink,
like lemonade but flavored with carbon.
But for heaven's sake, the guy works like a dog, goes
sailing and makes his own vinegar from leftover wine. Now don't you feel really
inadequate?
"There's no such thing as a
real day off," he says. "That's why I made sure our home is only five
blocks from the office."
Trip Hawkins, founder of Electronic Arts and CEO of his
new start-up, Digital Chocolate, took his family to ski at Whistler in
There were exceptions. Women responded a little
differently than men. Vani Kola, CEO of software
company
Notice the distinction: Kola put work things aside to do
special interpersonal things; the men tended to put interpersonal things aside
to do special work things.
Another woman, venture capitalist Magdalena Yesil, told me: "I took seven days off and cleaned
closets. It felt great. Went to
The other exceptions to the hypervacations
were tech leaders who were not Americans.
In the
Louis Woo, of Hong Kong-based Vision Century, went to a
resort in
Apparently, if there is going to be any spontaneous
combusting going on, it will mainly be American male tech CEOs. Women,
Europeans and Asians seem to maintain a bit of sanity.
Can the men be saved? "My advice (for them) is to
focus on the outcomes," author Goldman says. "What are your real
goals for these vacations and trips and projects? Is it about you?" Like,
can you impress others by going on a luxury trip, or can you win admiration by
making a tasty carbonnade?
"Or is it about how you're going to make other people
feel?" Goldman continues. "All of this is very tied up with how you
run your company. How do you make your employees feel — happy about their
own accomplishments or amazed by yours?"
Of course, we don't want to criticize too much. The
Kevin Maney has covered
technology for