This chapter explores the intricacies of transitioning from a CEO role, emphasizing the importance of recognizing when to step back and the role of boards in ensuring smooth leadership changes. It also highlights key considerations for evaluating new business opportunities, advocating for patience and a structured approach to decision-making. Personal reflections on career choices and the impact of familial support add a relatable dimension to the discussion.
Guest: Mark McLaughlin, chairman of the board at Qualcomm
When he was 24, Mark McLaughlin thought his career was over. Since childhood, he had dreamed of attending West Point and joining the Army, but a helicopter crash left him unable to serve, with a medical discharge. However, the crash also let him stay closer to his then-girlfriend Karen. They married and raised three children, and Mark found success in his new career, serving as CEO of Palo Alto Networks and now chairman of the board at Qualcomm. “In hindsight,” he says, “I would tell you the worst thing that ever happened in my life was the best thing that ever happened in my life.”
In this episode, Mark and Joubin discuss semi-retirement, Palo Alto Networks, identity crises, West Point, homeschooling, self-awareness, working on the plane, Walter Reed Hospital, Nikesh Arora, Cristiano Amon, non-founder CEOs, Paul Jacobs, Verisign, reference interviews, rising to the occasion, and fortitude.
Chapters:
- (00:57) - Mark’s reputation and family
- (09:40) - “What am I doing?”
- (14:58) - Deciding to step away
- (16:55) - Overcoming work addiction
- (22:15) - Mandatory sacrifice
- (24:25) - Carl Eschenbach
- (27:12) - The people who matter
- (32:11) - Energy vs. adrenaline
- (37:31) - The helicopter crash
- (44:02) - Leaving Palo Alto Networks
- (50:05) - Bungled CEO transitions
- (54:24) - “Detox” time off
- (57:32) - Waiting for the right pitch
- (01:04:48) - The at-home interview
- (01:08:59) - Work in perspective
- (01:12:10) - What “grit” means to Mark
Links:
Connect with Mark
Connect with Joubin
Learn more about Kleiner Perkins
This episode was edited by Eric Johnson from LightningPod.fm