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How Adobe's Board Bet on the Cloud
In 2013, Adobe's board approved a radical shift: abandon the lucrative perpetual software license model and move everything to subscription cloud. At the time, it was a massive gamble that risked billions in revenue. This episode explores how the board led by independent directors backed CEO Shantanu Narayen's vision, weathered customer backlash and wall street skepticism, and ultimately transformed Adobe into a subscription powerhouse worth over $200 billion. We unpack the board's decision-making process, the pivot to recurring revenue, and why this case is now studied as a…
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