Executives Club topics to include outsourcing
October 25, 2004
BY MICHAEL KRAUSS
Outsourcing and growth.
Those are two topics on the docket at tomorrow's Executives Club
of Chicago event at the Chicago Hilton and Towers. With just over
a week before the election, it's a relevant agenda. The speakers
are all tech-industry types.
the program is Verizon CEO Ivan Seidenberg, who heads the nation's
12th largest company. He'll speak on growth. Seidenberg controls
an annual capital budget of $12.5 billion, and he's wiring a million
homes for broadband this year and 2 million next year.
will stump for more regulatory relief. He'll call for an end to
20th century regulation for 21st century companies. He'll talk
about policies to create jobs regardless of the election outcome.
Can you think
of a Chicago-based CEO who's talking about paths to growth and
the nation's economic future? Our local CEOs seem hunkered down.
They leave the statesmen stuff to the New Yorkers.
Seidenberg are six outsourcing experts: Gerald Kelly, CIO Sears;
Bruce Weiner, managing director strategic sourcing, United Airlines;
Jean Holley, CIO Tellabs; William Frech, vice president, CapGemini;
Joe Hogan, vice president managed services, Hewlett-Packard, and
Michael Gorriaran, general manager Midwest district for Microsoft.
has a perspective that's on the rise.
think the answer is to move jobs helter-skelter offshore,"
Hogan says. "You plan the strategy to have a flexible infrastructure
to support your changing business requirements."
about outsourcing on-site, near-shore and offshore. He talks about
leveraging support from facilities in Detroit, Colorado Springs,
Atlanta or Toronto. Now, I'm not naive. I know the cost differential
for tech workers in Chicago versus Bangalore. Still, Hogan's remarks
Jamie Dimon, the new president and COO of JPMorgan Chase said
about outsourcing to a local civic group. Dimon canceled a $5-billion
outsourcing contract with IBM. Why? Dimon sees information technology
as a core competence. He wants to keep it internal.
to be [a core competency] or you won't succeed," Dimon warns.
"If marketing, systems and operations don't sit down together,
you won't get innovation."
mad dash to move offshore is ending. Maybe judgment is returning
to the executive suite. It's not simply about cost cutting. Maybe
it's too soon to tell.
Receives Bio Award
is on the dais Tuesday morning at Navy Pier to receive the Maitland
Award for his contributions to the growth of the Chicago area's
biotech community. IBio President David Miller presents the award
at the iBIOMarketplace Conference that starts today.
Daley with attracting the "Olympics of biotech to Chicago."
Miller's referring to the BIO 2006 show, which arrives here in
April of that year. "He saw the value before anyone else,"
an initial commitment to the show, other states tried to steal
it, Miller reports. Georgia put a blank check in front of the
organizers, but Daley intervened to solidify the deal. The show
should attract 25,000 visitors, and could become a mainstay for
Daley's application of tax increment financing and industrial
revenue bond programs to help the biotech industry, and he praises
Daley for his regional perspective.
been supportive of the entire Midwest," Miller says. "That's
a sophisticated and correct view."
I agree. Daley
also launched the quarterly Chicago Technology Forums which showcases
our local biotech prowess.
the opening of a bricks-and-mortar retail financial services center
today. E*Trade CEO Mitchell Caplan and President Jarrett
Lilien will be on hand. The center at 125 S. Wacker will be
E*Trade's Midwest flagship.
golf score 58 has never been achieved in a PGA event," says
Sam Mele, founder of Firm58. He picked that name to inspire.
Mele aims to be a technology utility for financial services firms.
stage software development company could be the next big thing
in town. Keep an eye on this Oracle and Ariba veteran.
Executives Club also looks at outsourcing this week. City of Chicago
CIO Christopher O'Brien, General Electric CTO Andrew
London and Allstate CFO of IS Mike Scardina are on
Krauss is a Chicago-based tech writer and consultant.