Mr. Hock is a native of North Ogden, Utah, where he began
his business career in the financial services industry in
1950. During the next sixteen years, he held a succession
of management positions with major financial institutions.
In 1968, he developed the concept of a global system for
the electronic exchange of value and a unique, new form
of organization for that purpose: a decentralized, non-stock,
for-profit membership institution to be owned by financial
institutions throughout the world. In 1970, the first portion
of that organization, VISA U.S.A., was founded, followed
by VISA International in 1974. It is now a $1.75 trillion
enterprise jointly owned by more than 20,000 financial institutions
in more than 220 countries and territories.
In 1984, Mr. Hock left the VISA organization to pursue
his lifelong interest in the evolution of organizations
and management practices, and the nature and extent of change
they will encounter in the twenty-first century. In 1997,
with the support of major foundations, he founded, a not-for-profit
institution, Terra Civitas, to link individuals and organizations
throughout the world in a concerted effort to develop, disseminate
and implement more effective and equitable concepts of commercial,
political and social organization.
In 1991, he became one of thirty living Laureates of the
Business Hall of Fame. In 1992, he was recognized as one
of eight individuals who most changed the way people live
in the past quarter century. In addition to his work to
foster organizational change, Mr. Hock is a writer, public
speaker, and author of Birth of the Chaordic Age, published
in November, 1999, by Berrett-Koehler, San Francisco, California.