Penny Herscher

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Penny Herscher is an American executive in electronic design automation industry, formerly with Cadence Design Systems.

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She was Chairman and CEO of Simplex Solutions when the company IPO’d, subsequently acquired by Cadence in 2002 [1] [2] [3]

Within Cadence she held positions of executive vice president and general manager of the design and functional verification division. [4]

Penny Herscher holds a BA Hons, MA in mathematics from Cambridge University. She began her career in 1982 as an R&D engineer with Texas Instruments and then Daisy Systems. During 1988 - 1996 she was an employee and senior executive at Synopsys. [2]

Awards and recognition

Modern Health lawsuit

Penny Herscher led a special litigation committee investigating allegations of theft, plagiarism, kickbacks and fraud in a derivative suit against Modern Health, a company she sat on the board of. Herscher testified that she had maintained an 18-year family friendship with David Berger, Modern Health’s then–defense attorney from Wilson Sonsini, and that he had introduced her to Watson and helped recruit her to the board. As a result, the judge dismissed the company's motions due to the perceived bias of Herscher and the SLC. [5] It was reported that Herscher mocked the plaintiff’s allegation that Modern Health advertised it had Javanese-speaking therapists when it in fact had no such therapists. “Javanese is not a language,” she said. “That’s what’s so bizarre about this.…Java is a computer language, and there is no such language as Javanese.” [6] Javanese is indeed a real language spoken by nearly 100 million people. [7]

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References

  1. ↑ "Fulfilling Marie Pistilli’s Dream: Dignity, Opportunity for Women in DA", by Peggy Aycinena at EDACafe.Com
  2. 1 2 "Legal resource center".
  3. ↑ "Cadence Agrees to Buy Simplex", Wall Street Journal
  4. ↑ "Cadence struggles to regain rhythm"
  5. ↑ "Tech Investor's Relationship With Company Counsel Foils Attempt to Toss Shareholder Derivative Lawsuit". The Recorder. Retrieved 2021-12-08.
  6. ↑ Min, Janice. "The Inside Story of a Scorched-Earth Breakup Between Two Founder Friends". The Information. Retrieved 2021-12-08.
  7. ↑ "From politics to pop, Javanese thrives in Indonesia despite complexities". South China Morning Post. 2019-12-02. Retrieved 2021-12-09.
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