They say for every door that opens another closes, and the executive shuffle at VMware is certainly proving that old chestnut true. Four months after Pat Gelsinger stepped down as CEO to return to run Intel, the virtual machine pioneer announced yesterday that long-time exec Raghu Raghuram was taking over that role.
That set in motion another change when COO Sanjay Poonen, whom some had speculated might get the CEO job, announced yesterday afternoon on Twitter that he was leaving the company after seven years. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories.
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With Snyk, more enterprises worldwide can confidently reap the financial and cultural rewards of digital transformation. All articles. Application Security. But I definitely agree that the growth rate surpasses what you would see if it were just people turning things on and forgetting to turn them off all the time. Sanjay: Yeah, and I think that phenomenon is a shift in spending where certainly last year we saw more spending in the cloud than on-premise. I think the on-premise vendors have a tremendous opportunity in front of them, which is to optimize every last dollar that is going to be spent in the data centers, private cloud.
I mean, listen, what is the retailer concerned about? Fraud, and some of those other things, and empowering a quick self-service experience for a consumer who comes in and wants to check out of a Safeway or Walmart really quickly. I think this phenomenon, Corey, is going to happen in a number of different [unintelligible ], and is a tremendous opportunity.
Certainly, the public cloud vendors are trying to do that with Outposts and Azure Stack, but I think it does favor the on-premise vendors also having a very strong proposition for the edge cloud. Corey: I assumed that the whole discussion with FedEx started by someone dramatically misunderstanding what it meant to ship code to production. Sanjay: [laugh]. I mean, listen, at the end of the day, all of these folks who are in traditional industries are trying to hire world-class developers—like software companies—because all of them are becoming software companies.
And same thing with UPS. So, I think increasingly, every company is becoming a software company at their core. Everyone thinks other people are doing it way better than they are.
We are very much early days in all of this phenomenon. I would agree. And when you look at the customers and their persona—when I ask a CIO what percentage of—of an established company, not one of the modern ones who are built all cloud-native—but what percentage of your workloads are in a public cloud versus private cloud, the vast majority is still in a data center or private cloud.
Now, listen, I think every company as it grows that is more modern. I mean the Zooms of the world, the Modernas, the Airbnbs, as they get bigger and bigger, they represent a completely new phenomenon of how they are building applications that are all cloud-native. And I was so excited for these frameworks. But VMware is also active in this space, too. Is that aligned?
Is that just sort of a different business unit? How does that, I guess, resonate between the various things that you folks do? You can think of us in two buckets: everything in the first bucket is all that we talked about. In fact, when I came to VMware, it was the first business I was running in terms of all the products and end-user computing.
In many cases, people complain about the number of agents they have on their laptops, or the way in which they secure firewalls is too expensive and too many. We felt we could radically—VMware gets involved in problems where we can radically simplify thing with some disruptive innovation. And the idea was, first in the digital workspace was to radically reduce cost with software that was built for the cloud. And Workspace ONE and all of those things radically reduce the need for disparate technologies for virtual desktops, identity management, and endpoint management.
Corey: Would that we all had such problems, on some level. Where do the next generation engineers come from? I think I saw one of your YouTube videos somewhat recently about your leadership values. Talk to me a little bit about that. I love technology. But I think the soft stuff is often the hard stuff. And the hard stuff is often the soft stuff. And what I mean by that is, when all this peels away, what your lasting legacy to the company are the people you invest in, the character you build.
And we all need to cultivate more and more aspects of that growth mindset where we move from being know-it-alls to learn-it-alls. And our job as leaders is to invert that pyramid.
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