Technology, Business and the

Market
Lecture 3
Joseph Schumpeter (1883-1950)
Peter Drucker (1909-2005)
Henry Kressel - ,formerly of
RCA Labs – Managing
Director responsible for
Technology, Media and
Telecommunications at
Warburg Pincus a private
equity firm.
Ray Croc (1902-1984)
‘Fred’ L Turner (1933-2013)
‘the man who made
McDonald’s’
Don Thompson, trained as an electrical engineer and worked for Northrop
Grumman before joining McDonald’s in 1990. Rose through the corporation to
become CEO in 2012 but stood down in March 2015 after presiding over a
4.1% decline in ‘customer traffic’.
Failure of product left McDonald’s with 10 million pounds weight
of unsold wings and prompted the ‘retirement’ of CEO Thompson.
Fred De Luca (died
2015) joint founder of
Subway – on some
measures the world’s
biggest restaurant
chain.
'Moore’s Law’ claims that ‘the number of transistors on a chip will
double approximately every two years’.
William Shockley (1910-1989) established Shockley
Semiconductors in Palo Alto in 1956 and linked-up
with Frederick Terman (1900-82) the then provost of
Stanford University. Between them they laid the
foundations of Silicon Valley.
Don Hoefler (1922-1986)
journalist and publicist for
Fairchild Semiconductor –
credited with coining the term
‘Silicon Valley’.
George Doriot (1899-1987)