JD Edwards Is Born
In 1977, unsatisfied with conventional approaches to business and accounting software development and accounting software services, McVaney started JD Edwards by selling co-workers, Dan Gregory and Jack Thompson on his concept of a radically different approach to accounting software development that represented for all of them a significant cultural shift from typical sales promises to total commitment to customer goals based on an integrity-based approach to customer requirements. After discarding the name, Jack Daniels & Co., the group decided that JD Edwards sounded better. In order to get an $8,000 loan, McVaney took a salary cut from $44,000 to $36,000 and in order to live on that salary, all optional family expenses such as piano lessons, skiing and swimming lessons were pared.
Read more about this topic: C. Edward Mc Vaney
Famous quotes containing the words edwards and/or born:
“You look better in Richard’s clothes than he does. Of course, he looks better out of them.”
—Blake Edwards (b. 1922)
“There would be no sunshine in society if the born flatterers, I mean the so-called amiable people, did not bring it in with them.”
—Friedrich Nietzsche (1844–1900)