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Don’t build a company for 60 days. Try 60 years: SAP CEO Bill McDermott

When you run a publicly-traded company with an $80 billion market cap, it’s easy to focus on the short-term. Strained by a year of declining share price, Bill McDermott, the first American CEO of German software giant SAP, says he’s far more focused on making an organization-wide shift that will better suit the company for the future.

“You can’t build a company for 60 days; build for 60 years,” he said.

I interviewed McDermott as a keynote for the IMPACT venture capital conference held by PACT in Center City Philadelphia last week. Find my coverage of our conversation here.

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