Scott David Cook (born 1952) is a co-founder of Intuit, a director since March 1983 and chairman of the executive committee. Cook is a director of eBay and Procter & Gamble.
Early life
Cook holds a bachelor’s degree in Economics and Mathematics from the University of Southern California, and an MBA from Harvard Business School, where he serves on the dean’s advisory board.
Career
Cook started his career at Procter & Gamble in Cincinnati, Ohio, where he learned about product development, market research, and marketing. He then took a job in strategic consulting at Bain and Company in Menlo Park, California. Cook soon began using the insights he was learning there to look for an idea for a company of his own. That idea came to him one day when his wife was complaining about paying the bills. With personal computers just coming out at the time, Scott thought there might be a market for basic software that would help people pay their bills. He launched Intuit in 1983, which today offers software and online products to help individuals and small companies manage their finances.
He was Intuit’s chairman from February 1993 to July 1998. From April 1983 to April 1994, he served as president and CEO of Intuit.
In 2002, Cook and his wife, Signe Ostby, established the Center for Brand and Product Management at the University of Wisconsin–Madison School of Business, the nation’s first university-based center focused exclusively on training MBAs in brand and product management. Cook and Ostby both started their careers in brand management.
In 2005, Cook was #320 on the Forbes 400, with a net worth of $1.1 billion. Since the 1990s, he has “more than doubled his donations to Republicans and Democrats, giving the maximum [in 2007] to mainstream politicians such as Mitt Romney and Harry Reid.”
| Scott Cook | |
|---|---|
| Born | 1952 |
| Residence | Woodside, California |
| Occupation | Chairman of Intuit, director of eBay and Procter & Gamble |
| Known for | Co-founder of Intuit |
| Net worth | US$2 billion (2016) |
| Spouse(s) | Signe Ostby |
Scott Cook Net Worth: Scott Cook is an American entrepreneur who has a net worth of $1.97 billion. Scott Cook made his way to a billion-worth fortune as a cofounder of financial software giant Intuit. Inspired by his wife’s constant complains about paying the bills, Cook teamed up with Tom, a programmer, to set the basis of Intuit in 1983. Evolving through the years, the site now offers a great variety of software solutions and online products that help individuals and small enterprises manage their finances. A year after the two had their company listed on the American stock exchange in 1993; Cook resigned as CEO but still remains its largest single investor. In their attempt to heal the world, Cook and his wife, Signe Ostby, formed the Scott Cook & Signe Ostby Foundation, which gave 10.3-million to accelerate drug development in 2003. The pair also donated $14 million to her alma mater, the Wisconsin School of Business at the University of Wisconsin, to start the first university center in the country that will be focused on brand and product management.
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