2020
McDermott said many companies hired heavily during Covid, often through virtual interviews, and are now trying to get leaner with AI.
“if you look at the years 2020 to th 2024, they hired a lot through Covid”
Topic
Bill McDermott
13 facts from 2 episodes, in date order. These are what speakers said on the shows, each linked to the moment it was said. They aren't independently verified.
Undated
Klein says Bill McDermott asked him to become SAP's Chief Operating Officer, a role in which four predecessors had failed.
“Bill McDermott asked me to become the Chief Operating Officer. And because, uh, four C E O's before all failed.”
Undated
Bill McDermott bought a delicatessen at age 16 for 5,500 dollars, rising to 7,000 with interest, paid through a note to the seller.
“I bought the business for 5,500 notes, 7,000 with interest. If I make the payments, I keep it.”
Undated
The deli McDermott bought was only a one-year lease on property owned by Sunmark Industries, which operated a Sunoco gas station.
“It was only a one year lease, you never owned the land or the building, so he was selling a one year lease.”
Undated
McDermott says serving about 500 customers a day at his deli built his emotional intelligence.
“the EQ that comes with dealing with 500 customers a day is worth a lot”
Undated
McDermott compares Xerox at the time he joined to Google today as the leading company of its era.
“Xerox back then was the Google of its era.”
Undated
Emerson Fullwood, the Xerox executive who hired McDermott, asked him to speak at the Rochester Institute of Technology 25 years later.
“25 years later, Emerson Fullwood asked me to give a speech at the Rochester Institute of Technology to students.”
Undated
McDermott said cybercrime would rank as the world's third-largest economy after the US and China, at roughly 1 trillion dollars a month.
“is the world's largest economy, China's number two and cybercrime is number three. It's 1 trillion dollar a month problem.”
Undated
McDermott said ServiceNow integrated its recent acquisitions in 20 days.
“we integrated these businesses in 20 days, 20 days.”
Undated
McDermott predicted about 2 billion AI agents would enter the workforce within a couple of years.
“there'll be two, 2 billion of these agents entering the workforce in the next couple of years.”
Undated
McDermott said only about eleven percent of the Brazilian companies at a meeting he attended had moved past AI experiments.
“only eleven of the companies since that was last night's meeting, have actually gotten past the experiment phase, where they're doing experiments.”
Undated
McDermott said he began one day with conversations with seventeen quota-carrying sales reps and has seventy-two such conversations scheduled in the month.
“for example, yesterday, I started my day with seventeen conversations with seventeen quota-carrying reps”
Undated
McDermott cites a Robert Kennedy quotation about dreaming of things that never were, which he put in his book.
“when the great Robert Kennedy once said, You know, some men see things as they are and say, why?”
Episodes