David Duffield

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David Duffield
Dave Duffield addressing Peoplesoft, 2005.jpg
David Duffield (2005)
Born
David Arthur Duffield

1941 (age 78–79)
NationalityAmerican
Alma materCornell University
OccupationChair of Workday, Inc.
Net worthUS$12.6 billion (June 2019)[1]
Spouse(s)Cheryl Duffield

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

Early life[edit]

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.[citation needed]

Career[edit]

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.[citation needed]

Peoplesoft[edit]

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[edit]

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]

Maddie's Fund[edit]

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]

In April 2020, the foundation made a $350,000 donation to the Incline Village Community Hospital Foundation to address the coronavirus pandemic.[10]

Awards[edit]

1998 Golden Plate Award of the American Academy of Achievement[11]

2013 EY Entrepreneur of the Year Award Recipient[12]

2018 Cornell Engineering Distinguished Alumni Award – its highest alumni honor[13]

Personal life[edit]

David Duffield is married to Cheryl Duffield. Between 2005 and 2016 they lived in Alamo, California but now live near Lake Tahoe.[14]

References[edit]

  1. ^ "David Duffield". Forbes. Archived from the original on June 21, 2019. Retrieved June 11, 2019.
  2. ^ "Duffield Hall Space and Reservation System – Cornell Engineering". Duffield.cornell.edu. Archived from the original on August 26, 2012. Retrieved June 2, 2018.
  3. ^ Paul R. La Monica (December 13, 2004). "Oracle finally reaches deal to buy PeopleSoft for $10.3B". CNN. Archived from the original on June 9, 2018. Retrieved June 2, 2018.
  4. ^ "Workday: Steep growth curve to nearly 1,000 jobs". The Business Journals. Archived from the original on August 5, 2016. Retrieved June 2, 2018.
  5. ^ "Workday Leadership – Workday". Workday.com. Archived from the original on July 31, 2014. Retrieved June 2, 2018.
  6. ^ "Stocks". Bloomberg L.P. Archived from the original on May 8, 2017. Retrieved June 2, 2018.
  7. ^ a b c "Maddie's Fund 2000–2001 annual report" Archived May 9, 2013, at the Wayback Machine, p. 8.
  8. ^ a b c d "About Maddie" Archived October 7, 2014, at the Wayback Machine, Maddie's Fund. Retrieved September 22, 2014.
  9. ^ Tilton, Sarah. "Dog Heaven: David Duffield's Large Bay Area Estate Seeks $39 Million". The Wall Street Journal. Archived from the original on January 8, 2017. Retrieved March 6, 2017.
  10. ^ Report, Staff. "Incline hospital receives $350k grant from Duffield Foundation". www.tahoedailytribune.com. Retrieved October 9, 2020.
  11. ^ "Golden Plate Awardees of the American Academy of Achievement". www.achievement.org. American Academy of Achievement.
  12. ^ Dave Duffield of PeopleSoft named entrepreneur of the year Archived April 13, 2015, at the Wayback Machine.The Free Library. 1995, Business Wire. April 10, 2015
  13. ^ "Duffield receives Engineering's highest alumni honor". Cornell Chronicle.
  14. ^ Dog Heaven: David Duffield's Large Bay Area Estate Seeks 9 Million Archived January 8, 2017, at the Wayback Machine The Wall Street Journal. Retrieved 21 November 2016.

External links[edit]