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and so they think a PepsiCo chief can run a tech company, but that never seems to pan out very well

For IBM, the decision to hire a non-technical and experienced CEO turned out OK. IBM turned around. But I'd agree that this is probably an exception to the rule.

I think the key here is fresh thinking and ability to get the political/operational/strategic stars aligned inside the organization to /cough/ execute. An experienced person may bring this to the table, and a lesser experienced person may bring this to the table. The key is whether it's brought to the table.



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