C. Edward Mc Vaney - McVaney Meets The Men With Whom He Would Form JD Edwards

McVaney Meets The Men With Whom He Would Form JD Edwards

While at Grant Thornton, McVaney met Jack Thompson who was working on an IBM 1130 in Billings, Montana, and he was making $630 a month. Thompson was lured to Grant Thorton for $750 a month which brought him from Billings to Denver. McVaney had worked closely with Thompson going back to the time they had spent as consultants at the Great Western Life Insurance Company. At that time McVaney also met Dan Gregory, a college MBA student from Denver University. McVaney hired him out of the MBA program at Denver University. McVaney describes that time as a period in which he was developing his personal concept of integrity from a "high school level" to a much more mature business-related notion of absolute reliability. At the same time he was coming to the realization that, in his words, "the culture of a public accounting firm is the antithesis of developing software. The idea of spending time on something that you’re not getting paid for - software development," indicating that accounting clients at that time just did not understand what was required for software development at that time. After what McVaney described as a consulting "failure" at a client, Haviland Whitcon Company, in San Jose, California, McVaney came to the conclusion that he had to start his own firm to implement his own approach to accounting business software development. McVaney had been discussing starting his own firm with both his wife as well as Thompson and Gregory. Now it was time to make the move, telling her, "I think it’s time for me to start my own company. Look, I don’t really fit in here. The culture isn’t right. I want to get done some things that can’t be done as context. I’d like to start my own company." Soon he would have his chance.

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