David Duffield

David Duffield
David Duffield (2005)
Born David Arthur Duffield
1941 (age 76–77)
Nationality American
Alma mater Cornell University
Occupation Chairman of Workday, Inc.
Net worth US$10.1 billion (September 2018)[1]

David Arthur Duffield (born 1941) is an American businessman in the software industry. He is the co-founder and former chairman of PeopleSoft, the co-founder and co-CEO at Workday, Inc., and has been on the Forbes World's Richest People list.

Early life

Duffield received a bachelor's degree in electrical engineering and an MBA from Cornell University, and is the benefactor behind Duffield Hall,[2] a nanoscale science (or nanotechnology) and engineering facility at Cornell. While at Cornell, Duffield was a member of Beta Theta Pi.

Career

Duffield established two mainframe application software companies. He was CEO, chairman, and chief product architect at Integral Systems, the first company to offer DB2-based human resource and accounting systems. He also co-founded Information Associates, which specialized in applications for the higher education market. He began his career at IBM as a marketing representative and systems engineer.

Peoplesoft

Duffield founded PeopleSoft in 1987 and served as the company's CEO and board chairman. PeopleSoft grew to be the world's second-largest application software company before being acquired by Oracle in January 2005.[3]

Workday

In March 2005, Duffield and former PeopleSoft vice chair and head of product strategy, Aneel Bhusri, started Workday, Inc., a company that provides financial management and human capital management software delivered in a software as a service (SaaS) model. The company is headquartered in Pleasanton, California, and employed approximately 1,000 people in 2011,[4] with Duffield and Bhusri serving as co-CEOs at Workday. Duffield is also the company's chief customer advocate.[5] Duffield relinquished the co-CEO role in May 2014, and became chairman of the board[6].

Philanthropy and Maddie's Fund

Duffield is also known for his philanthropic activities on behalf of animals. In 1994, Duffield and his wife, Cheryl, established Maddie's Fund, originally named the Duffield Family Foundation.[7] In January 1999, the Board of Directors restructured the foundation, defined its mission, and adopted the current name.[7] The organization is named after Maddie, a Miniature Schnauzer who was the Duffields' source of unconditional love and friendship for ten years, and a "lighthouse during the stormy period" of the couple's work careers.[7] Maddie died of cancer in 1997, and Duffield acted on his earlier promise to his pet, "If we ever make some money, I promise we will give it back to you and your kind so others can be as happy as we are today."[8]

The Duffields have endowed Maddie's Fund with more than $300 million, and have spent more than $153 million through fiscal year 2013-2014 to save the lives of dogs and cats.[8] The organization believes that the Duffields have given more of their personal wealth to the animal welfare cause than any other individuals.[8] "And although they don't want to make a big fuss over their unprecedented contribution, they do want to honor their cherished companion and the special bond they shared with her."[8]

In May 2016 the Duffields put their 21.48 acre estate in California on the market as they decided to move back to their home in Tahoe. The asking price for the property was $39 million, with the proceeds of the sale going towards Maddie's Fund.[9]

Awards

2013 EY Entrepreneur of the Year Award Recipient[10]

Personal life

David Duffield is married to Cheryl Duffield. Between 2005 and 2016 they lived in Alamo, California but now live near Lake Tahoe.[11]

References

  1. ↑ "David Duffield". Forbes.com. Retrieved 2 June 2018.
  2. ↑ "Duffield Hall Space and Reservation System - Cornell Engineering". Duffield.cornell.edu. Retrieved 2 June 2018.
  3. ↑ Paul R. La Monica (December 13, 2004). "Oracle finally reaches deal to buy PeopleSoft for $10.3B". Money.cnn.com. Retrieved 2 June 2018.
  4. ↑ "Workday: Steep growth curve to nearly 1,000 jobs". Bizjournals.com. Retrieved 2 June 2018.
  5. ↑ "Workday Leadership - Workday". Workday.com. Retrieved 2 June 2018.
  6. ↑ "Stocks". Bloomberg.com. Retrieved 2 June 2018.
  7. 1 2 3 "Maddie's Fund 2000-2001 annual report", p. 8.
  8. 1 2 3 4 "About Maddie", Maddie's Fund, accessed Sept. 22, 2014.
  9. ↑ Tilton, Sarah. "Dog Heaven: David Duffield's Large Bay Area Estate Seeks $39 Million". Wsj.com.
  10. ↑ Dave Duffield of PeopleSoft named entrepreneur of the year.The Free Library. 1995, Business Wire. April 10, 2015
  11. ↑ Dog Heaven: David Duffield's Large Bay Area Estate Seeks $39 Million Wsj.com, Retrieved 2016-11-21.
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