Mcafee Case Study

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McAfee Case Study
I. Current Situation
A. Current Performance
McAfee is in good financial standing.
* In 2004, paid down $347 million in convertible debt and repurchased $220 million in common stock. * Revenue has declined over past two years but net income has increased. * Ongoing operations generated over $350 million in cash, with the fiscal year ending in $1 billion in cash, cash equivalents, and investments. * Deferred revenue increased for the period by $220 million. B. Strategic Posture

1. Mission:
a. “To secure consumers and businesses from the desktop to the core of the network by delivering best-of-breed products and services that protect … global customer’s information technology systems and infrastructure.” 2. Objectives: More of a goal “become worldwide leader in intrusion prevention and risk management solutions and services.” II. Corporate Governance

C. Board of Directors
3. George Samenuk (internal)
b. Received formal education at Brown University, Political Science. c. Held various senior management positions at IBM. d. Former CEO and President of TradeOut Inc, a privately held online exchange. 4. Leslie G. Denend (internal)

e. Holds multiple Ph.D.s from Stanford University, Economics, Public Policy, and Business. f. Joined McAfee after merger with Network General Corp., whom she was CEO and President. 5. Robert Pangia (external)

g. Received formal education from Brown University and Columbia University, Business. h. Held numerous senior management positions with Paine Weber Inc. which is a wealth management service provider. i. 1997 to 2003 worked as a private merchant banker. 6. Robert B. Bucknam (external)

j. Received formal education at Georgetown University with a Juris Doctoral in Foreign Service. k. A senior vice president of Cross Match Technologies Inc., a fingerprint identification provider. l. Served in many government positions including the Federal Bureau of Investigations, Chief of Staff and the U.S. Department of Justice, Deputy Attorney General. 7. Liane Wilson (external)

m. She does not have a college degree.
n. Runs her own consulting firm after retiring from Washington Mutual as senior vice president of information technologies. 8. Robert Dutkowsky (external)
o. Received formal education from Cornell University, Industrial Engineering and Industrial Relations. p. Serves as CEO and President of Engenera Inc and previously held the same title at J.D. Edwards and Company. q. He has also held other various senior Management positions with other IT firms. 9. Denis J. O’Leary (external)

r. Received formal education from the University of Rochester, Economics and New York University, MBA. s. Worked for J.P. Morgan up until 2003, during his 25 years he held various senior management positions including Chief Information Officer. t. After leaving J.P. Morgan he became a private investor. D. Top Management

10. George Samenuk
u. Chief Executive Officer and Chairman of the Board, since 2001. v. Former CEO and President of TradeOut Inc.
11. Gene Hodges
w. President, since 2001. Joined McAfee in 1995. x. Held various executive positions within McAfee. 12. Kent H. Roberts
y. Executive Vice President, Secretary and General Counsel, since 2001. z. Held various legal positions prior to this position. 13. Kevin Weiss
{. Executive Vice President of Worldwide Sales, since 2002. |. Formerly Senior VP for Ariba Inc.
14. Eric F. Brown
}. Chief Financial Officer and Executive...
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