Arik Hesseldahl

Recent Posts by Arik Hesseldahl

Now That Intel’s In Control at McAfee, President Dave DeWalt Resigns

McAfee, the Intel-owned security software company, just announced the appointment of two new co-presidents: Michael DeCesare and Todd Gebhart. They will report directly to Renée James, Intel’s senior vice president and chairman of the McAfee subsidiary.

The bigger news is that Dave DeWalt, the McAfee president who saw the company through its $7.7 billion acquisition by Intel last year, is departing, though he will remain on McAfee’s board.

It’s not the first time that DeWalt has taken a company into a large acquisition. In 2003, he was the CEO of Documentum, which was acquired by storage giant EMC. He’s also chairman of the board at Polycom and recently joined the board of Jive Software, the pre-IPO social enterprise concern where former McAfee director Tony Zingale is CEO.

Last month VentureBeat reported he was going to Palo Alto Networks, a security start-up backed by Greylock Partners, Sequoia Capital, Globespan Capital Partners and JAFCO Ventures.

DeCesare joined McAfee in 2007 and had run its global operations, including manufacturing, facilities, and worldwide sales. Gebhart joined McAfee in 1999. His most recent role was running the retail and direct web sales strategies for the consumer, mobile and small business units.

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work