✨ AI-enhanced transcript with speaker attribution
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Ursula Burns0:01
It's got to be a focus on growth. 60 million? How many people? 600? That's a lot. I think that's what it's about and this is a huge opportunity for us. Four times nine, 36.
The best thing about my relationship with Anne is that it started way before Anne was in [the role]. Our relationship started purely from the fact that I had kids and she had kids and we would just talk about stuff. How do you actually spend your time with your family? Like, how do you fit it all in? You know, how you're doing. And she said, 'You got to keep an eye on this thing. You got to keep an eye on this, you know, how you approach this part of your life because it could quickly get out of control.'
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Anne Mulcahy0:47
How do you go from totally confident to totally not confident taking the job? I'm sure you … It's like I know, just you gotta relax. I'm Anne Mulcahy. I am one of five women CEOs in the Fortune 500. And I have found some great mentoring from colleagues, from people who've worked for me, who've been helpful in shaping and providing feedback and really being a part of what I think has had a really positive impact on my career.
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Interviewer1:14
We wanted to set up just half an hour just to get your best ideas on this.
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Anne Mulcahy1:17
Okay, not only when I was young, when I was old I wasn't aiming this high. And certainly I don't think I would have ever characterized my ambitions when I was young of leading a big business or being CEO of a company.
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Ursula Burns1:35
Your mailbox is more than 90% full. I was calling just to say congratulations to you. I just heard last week that you got a big promotion and you're now president of just about everything over there. My name is Ursula Burns and I am currently the president of the Document Solutions and Systems Group.
I was born and raised in the Lower East Side of Manhattan. My mother was an amazing woman. We were four people kind of in this little world of our own in a big world that was not necessarily safe or good or positive. And so her approach to everything was, 'You know where you are is not who you are.' And kind of, where you are is like a circumstance of that moment in time and that you can actually change that. Who you are is more important than where you are.
Okay, my upbringing is one of the very fortunate aspects of my life. I lived in a house where equality was so much a part of the way I was raised, it came somewhat as a shock to me that it wasn't [everywhere]. Things were not quite as equal outside the house as they were inside the house. But also I was very fortunate to have four brothers who turned out to be not just as kids but as adults great supporters. I ran into an excellent set of circumstances in high school, an all-girl high school. One teacher in particular realized that I was talented and hard-headed enough in a certain number of areas and told me, 'You can actually be just about anything you wanted at that point. Anything you want.' From the schools that I went to, [the options] were either a nurse, a nun, or teacher. The thing that even to this day that I actually bring different than most people to a situation is that I came from a different place, and that different place is positive not negative. That different place gives me a different way to look at things, a different way to attack a problem.
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Interviewer3:32
I'd now like to present to you your new president and chief operating officer, Anne Mulcahy.
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Anne Mulcahy3:39
And over the last 18 months or so, I've had the benefit of working for someone who's one of his major desires was to make me the best prepared candidate to be CEO of this company as possible. And that was a gift, I can tell you that. After 24 years at Xerox, I'm honored to have this position.
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Ursula Burns4:02
I think back on it and I remember being a chief staff officer for the company, and for the first time I was part of the most senior team of the company and the only woman and much younger than anybody else on the team. And this was a very tenured, capable, and certainly a lot of egos and personality that dominated conversations. I remember going to the first two or three sets of meetings and they were focused on company strategy and certainly new space for me. And I sat back and didn't contribute very much, and just kind of felt, you know, I was building this feeling of 'big mistake, I'm out of my league, I shouldn't be here.' And I was at the point where I needed to let Paul know that he had made a mistake. I said, 'Best intentions, you know how much I appreciate your support, and it's not working out.' And he kind of looked at me and said—and I'm pissed about it—he said, 'You've got everything you know to offer, to make a contribution in those sessions. And the only thing that's standing in your way is you. And you need to step back and realize that you're there because of your perspective and your experiences, and they're not the same as everybody else's in the room. And that's the value.' It was a turning point for me because I did just that. I stepped back and thought about it, and figured out that I was entitled to make that contribution and I was up for it.
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Anne Mulcahy5:42
And she was a great person to talk to. She showed me that she had insecurities as well, and dealing with those insecurities is part of being a leader.
I think back to the times when I was having my children and going through all the decisions about, you know, should I come back now, should I wait, how do I work through some of the issues and problems. And those are the times where it really helped me to pick up the phone and call a woman colleague and discuss it and help, or just to share some of the sheer frustrations and concerns and issues about trying to be a good wife, a good mother, and a business contributor when there clearly just wasn't enough time in the day to do them all terribly well. So I have found the network of women that I've been associated with certainly in the company and outside the company to be a great source of support.