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
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