User:MountainCat/sandbox
George Shaheen | |
|---|---|
| Born | 1971 |
| Nationality | American |
| Alma mater | Bradley University |
| Occupation | Businessman |
| Years active | 1970s-present |
George T. Shaheen (born July 11, 1944) is an American businessman. He became chief executive at management consulting firm Andersen Consulting in 1989,[1] and in 1999 became CEO of Webvan.[2] In 2005-2006, Shaheen was CEO of Siebel Systems.[3]
Early life and education[edit]
George Shaheen was born in 1944.[4] He grew up with his twin Gerald in Elmwood, Illinois.[5] Shaheen is an American of Lebanese descent.[2] At age 13[5] he worked at the family grocery shop in town.[6] He holds a master's degree in finance from Bradley University, graduating in 1967 and going to work at Arthur Andersen.[5]
Career[edit]
Anderson[edit]
He was sent by Arthur Anderson in 1977 in South Bend, Indiana and moved in 1986 to Silicon Valley.[5] He became the chief at Andersen's consulting arm in 1989, and "oversaw the move to set up Andersen Consulting as a free-standing unit."[5] He was chief executive at management consulting firm Andersen Consulting from 1989.[1] At Andersen, as CEO "its revenue increased from $1.1 billion to $8.3 billion."[1] He was CEO until 1999, before moving on to online grocer Webvan.[2] The move "shocked colleagues" at Andersen Consulting.[7] When he left, he had been with Andersen Consulting for 32 years, and "was within a year of qualifying for a lucrative retirement package."[6] After he left Anderson Consulting, it was renamed Accenture,[2] and Shaheen missed out on the windfall of the Accenture initial public offering.[8]
Webvan[edit]
He joined Webvan while it was "one of the largest start-ups during the Dot-com Bubble," with plans to deliver online grocery orders within 30 minutes.[9] His Webvan employment agreement, signed September 19, 1999 was filed with the SEC.[10] Under Shaheen, the company underwent an IPO in November 1999, raising $375 million with stocks soaring, and the company valued at $8.45 billion.[1] Shares afterwards dropped sharply[11] with the dotcom bubble.[1] He resigned as CEO of WebVan in April 2001.[11][4] His retirement pack included collecting $375,000 each year for the rest of his life from WebVan.[1] Webvan declared Chapter 11 bankruptcy in 2001.[9] In 2010, Business Insider named him one of the 15 Worst CEOs in American History, citing his involvement with Webvan.[9]
Siebel Systems[edit]
Appointed on April 13, 2005,[12] in 2005-2006, Shaheen was CEO of Siebel Systems, Inc.[3] and served as CEO when it merged with Oracle[13] in 2005, five months after his appointment as CEO.[14] He had joined the Siebel Systems board in 1995, and he remained a director after becoming CEO.[12] He did not stay on with Oracle after the merger.
In 2013, he was on the board of [24]7.[15]
Cultural references[edit]
George Shaheen was the target of parody cartoon Bigtime Consulting, which parodied Andersen Consulting and had a very similar CEO character named George Unseen.[16]
Personal life[edit]
In 1999, he lived in Silicon Valley.[5]
References[edit]
- ^ a b c d e f Greg Sandoval (January 2, 2002). "Ex-Webvan CEO to collect $375,000 yearly". CNET. Retrieved January 16, 2019.
- ^ a b c d Prominent Lebanese Americans - AMALID.COM Archived 2007-06-09 at the Wayback Machine Cite error: The named reference "L" was defined multiple times with different content (see the help page).
- ^ a b George Shaheen Named To Board Of Directors At Closedloop Solutions Corporate NewsWire Press Release BizWiz Company News BizWizWire Archived 2007-09-27 at the Wayback Machine
- ^ a b Grainger David (May 14, 2001). "George Shaheen". Fortune. Retrieved January 16, 2019.
- ^ a b c d e f Robert Lenzner (March 8, 1999). "The messiahs of the network". Forbes. Retrieved January 16, 2019.
- ^ a b Mary Dejevsky (November 10, 1999). "Totally bananas". The Independent. Retrieved January 16, 2019.
- ^ Roger O Crockett (October 3, 1999). "George Shaheen: Webvan Nets A Ceo". Bloomberg.
- ^ "Archived copy". Archived from the original on 2007-08-14. Retrieved 2007-07-27.
{{cite web}}: CS1 maint: archived copy as title (link) - ^ a b c "The 15 Worst CEOs In American History". Business Insider. May 4, 2010. Retrieved January 16, 2018.
- ^ "Archived copy". Archived from the original on 2007-06-17. Retrieved 2007-07-27.
{{cite web}}: CS1 maint: archived copy as title (link) - ^ a b Nick Wingfield (April 16, 2001). "George Shaheen quits as Webvan CEO". ZDnet. Retrieved January 16, 2019.
- ^ a b "Siebel Systems Names George T. Shaheen as CEO". PAC Online. April 13, 2005. Retrieved January 16, 2019.
- ^ "Archived copy". Forbes. Archived from the original on 2012-06-18. Retrieved 2017-08-28.
{{cite web}}: CS1 maint: archived copy as title (link) - ^ Joann S. Lublin (February 3, 2009). "A CEO Gets Rare Second Act". The Wall Street Journal. Retrieved January 16, 2019.
- ^ Cromwell Schubarth (May 15, 2013). "Predictive CRM startup [24]7 buys Shopalize". Silicon Valley Business Journal. Retrieved January 16, 2019.
- ^ "BigTime Consulting". Retrieved January 16, 2019.
Category:American technology chief executives
Category:Bradley University alumni
Category:American people of Lebanese descent
Category:1944 births
Category:Living people
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