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Breaking News : Carly Fiorina Steps Down From HP!  
User currently offlineUTA_flyinghigh From Tunisia, joined Oct 2001, 6495 posts, RR: 50
Posted (9 years 7 months 1 week 5 days 7 hours ago) and read 1696 times:

The HP Board of Directors announced this morning that Carly
Fiorina has stepped down as Chairman and CEO, effective
immediately.


Will keep you psted if more info.

UTA



Fly to live, live to fly - Air France/KLM Flying Blue Platinum, BMI Diamond Club Gold, Emirates Skywards
21 replies: All unread, jump to last
 
User currently offlineStarflyer From Germany, joined Sep 2002, 987 posts, RR: 1
Reply 1, posted (9 years 7 months 1 week 5 days 7 hours ago) and read 1690 times:

Read it on Reuters a few minutes ago - I can't wait to find out the reason behind it!


Yours truly - StarFlyer
User currently offlineCaptoveur From , joined Dec 1969, posts, RR:
Reply 2, posted (9 years 7 months 1 week 5 days 6 hours ago) and read 1677 times:

I get the impression from the article on Reuters she didn't step down, she was thrown out.


"I can't wait to find out the reason behind it!"

Probably something to do with the fact that a short bus full of retards could have done a better job than she was doing. In her short time as CEO she has taken a brand that was known for quality and destroyed it.


User currently offlineUTA_flyinghigh From Tunisia, joined Oct 2001, 6495 posts, RR: 50
Reply 3, posted (9 years 7 months 1 week 5 days 6 hours ago) and read 1672 times:

Probably something to do with the fact that a short bus full of retards could have done a better job than she was doing. In her short time as CEO she has taken a brand that was known for quality and destroyed it

So 6 years as CEO of a blue-chip IT company is a short time now  Yeah sure
In her 6-years at HP the company has been totaly revitalized and is now a leader or 2nd in most branches of IT hardware.
HP is a leader in servers, laptops, storage, you name it.
Way in front of those fools Dell and IBM, for instance HP sells as many servers as Dell and IBM combined.
Carly deserves credit for turning around a company that was falling asleep and successfully merging with one of their biggest competitors.

In her short time as CEO she has taken a brand that was known for quality and destroyed it.

I am sorry to inform you that HP is not only a brand that is well known for quality, but that indeed it has even got better under Carly. Just look at the competiotion's offerings and compare.

UTA



Fly to live, live to fly - Air France/KLM Flying Blue Platinum, BMI Diamond Club Gold, Emirates Skywards
User currently offlineStarFlyer From Germany, joined Sep 2002, 987 posts, RR: 1
Reply 4, posted (9 years 7 months 1 week 5 days 6 hours ago) and read 1670 times:

Official reason is differences about the strategy. That could well be anything and leaves a lot of room for speculation.

Oh well, I'll gladly take her job. Let's see how much time for a.net I'll have then.  Big thumbs up



Yours truly - StarFlyer
User currently offlineUTA_flyinghigh From Tunisia, joined Oct 2001, 6495 posts, RR: 50
Reply 5, posted (9 years 7 months 1 week 5 days 6 hours ago) and read 1668 times:

Oh well, I'll gladly take her job

Get in line like everybody else  Big grin

UTA



Fly to live, live to fly - Air France/KLM Flying Blue Platinum, BMI Diamond Club Gold, Emirates Skywards
User currently offlineCaptOveur From , joined Dec 1969, posts, RR:
Reply 6, posted (9 years 7 months 1 week 5 days 6 hours ago) and read 1660 times:

"I am sorry to inform you that HP is not only a brand that is well known for quality, but that indeed it has even got better under Carly."

When was the last time you dealt with an HP product? Their laser printers are still gold but their home PCs are crap, their calculators are now crap, anything they design for consumer use is crap, including their consumer grade printers. Other than a small office or larger printer I can't think of an HP product made in the last 4 or so years I would actually reccomend to someone.

When she came to power either the Hewletts or the Packards (I can't remember which) wanted out. She didn't do anything exceptional for the stock either. It will be interesting to see what the stock does, if it climbs today or if it tanks. From the people I know at HP to a couple shareholders I had yet to hear anything positive about her.

She merged HP with Compaq, a merger some people compared to watching your two best friends fall down the steps.


"So 6 years as CEO of a blue-chip IT company is a short time now "

It sure isn't a long time especially when you consider how old HP is, she is a flash in the pan.


User currently offlineUTA_flyinghigh From Tunisia, joined Oct 2001, 6495 posts, RR: 50
Reply 7, posted (9 years 7 months 1 week 5 days 6 hours ago) and read 1653 times:

When was the last time you dealt with an HP product?

Erm, now, as a matter of fact.
Say hi to my new laptop :



Times have changed and HP products now effectively trounce the competition.

UTA




Fly to live, live to fly - Air France/KLM Flying Blue Platinum, BMI Diamond Club Gold, Emirates Skywards
User currently offlineUTA_flyinghigh From Tunisia, joined Oct 2001, 6495 posts, RR: 50
Reply 8, posted (9 years 7 months 1 week 5 days 5 hours ago) and read 1642 times:

More info :

Carly Fiorina stepped down from her position as chairman and chief executive of Hewlett-Packard, the US computer and printer maker, on Wednesday pushing the shares 12 per cent higher in pre-market trading.

Ms Fiorina will be replaced by Robert Wayman, chief financial officer, on an interim basis. The company said it would begin the search for a permanent replacement immediately.

“While I regret the board and I have differences about how to execute HP’s strategy, I respect their decision. HP is a great company and I wish all the people of HP much success in the future,” Ms Fiorina said on Wednesday morning.

Recent reports had suggested the HP board was unhappy with the company’s patchy performance and was considering trimming some of the responsibilities of Ms Fiorina. But at the World Economic Forum in Davos she denied doubts about her leadership and said her relations with the HP board remained “excellent”.





Fly to live, live to fly - Air France/KLM Flying Blue Platinum, BMI Diamond Club Gold, Emirates Skywards
User currently offlineStarFlyer From Germany, joined Sep 2002, 987 posts, RR: 1
Reply 9, posted (9 years 7 months 1 week 5 days 5 hours ago) and read 1636 times:

Shares now up 12%...
Maybe she had to leave in light of the figures coming out next week? Are we in for a nasty surprise?



Yours truly - StarFlyer
User currently offlineCaptOveur From , joined Dec 1969, posts, RR:
Reply 10, posted (9 years 7 months 1 week 5 days 5 hours ago) and read 1634 times:

Shares up 12% on news of a CEO leaving sends a pretty clear message:

The shareholders thought she was a dumbass.


User currently offlineKlaus From Germany, joined Jul 2001, 21462 posts, RR: 53
Reply 11, posted (9 years 7 months 1 week 4 days 23 hours ago) and read 1591 times:

UTA_flyinghigh: Say hi to my new laptop :

My condolences.


User currently offlineL-188 From United States of America, joined Jul 1999, 29799 posts, RR: 58
Reply 12, posted (9 years 7 months 1 week 4 days 22 hours ago) and read 1578 times:

Well she was rumored as a posible 2008 Republican presidential canidate.


OBAMA-WORST PRESIDENT EVER....Even SKOORB would be better.
User currently offlineILOVEA340 From United States of America, joined Oct 1999, 2100 posts, RR: 4
Reply 13, posted (9 years 7 months 1 week 4 days 22 hours ago) and read 1570 times:

I have many links with HP including family and family friends who work for both it and its offshoot Agilent. Not a single one of them has anything positive to say about Her. I have been to employee meetings and can tell you that there was in fact quite some hostility towards her.
ALso notice that the shares of HP closed over 6% higher after this news was broken.
BTW she was kicked out... SHe didn't merely step down.
Cheers


User currently offlineEA CO AS From United States of America, joined Nov 2001, 13597 posts, RR: 61
Reply 14, posted (9 years 7 months 1 week 4 days 22 hours ago) and read 1565 times:
Support Airliners.net - become a First Class Member!

BTW she was kicked out... SHe didn't merely step down.

This was confirmed on Neil Cavuto's show today. The BOD asked for her resignation, and every analyst on TV all said the same thing - it was her Compaq/HP merger that cost a ton and went nowhere that helped the stock sag over 60% since her arrival.



"In this present crisis, government is not the solution to our problem - government IS the problem." - Ronald Reagan
User currently offlineJaysit From , joined Dec 1969, posts, RR:
Reply 15, posted (9 years 7 months 1 week 4 days 21 hours ago) and read 1556 times:

Well she was rumored as a posible 2008 Republican presidential canidate.

She was also rumored as a possible Democratic presidential candidate in 2004.

Either way, she is very sharp.

In the end, Hewlett hated her and just wanted her out. The fact that she lasted as long as she did at HP, is a testament to her toughness. She didn't want to split the company, but Hewlett and the BOD did. And the reason the stocks plummeted was not because of the cost, but because of the uncertainty. Now that the uncertainty is over, the stocks have risen.


User currently offlineZone1 From United States of America, joined Jan 2005, 1035 posts, RR: 7
Reply 16, posted (9 years 7 months 1 week 4 days 19 hours ago) and read 1529 times:

The problem with the HP/Compaq merger is that they really did not combine the companies that well. You can still get "Compaq" computers and "HP" computers. Where was the integration? This failure in integration did not allow the full potential to be gained from the merger. It could have been successful I think. The BOD and employees had it out for her since the merger was announced. They took out full page ads saying how it wasn't "the HP way."


/// U N I T E D
User currently offlineSeptember11 From United States of America, joined May 2004, 3623 posts, RR: 21
Reply 17, posted (9 years 7 months 1 week 4 days 17 hours ago) and read 1517 times:

Finally!!!! It took me like 5 minutes to figure what this is all about... I thought HP means America West... lol. (I am getting old)

Hewlett-Packard! computer company, anyway ... Poor Carly - never heard of her so good thing -- no mercy for her from me  Smile



Airliners.net of the Future
User currently offlineKilljoy From Finland, joined Dec 1999, 646 posts, RR: 0
Reply 18, posted (9 years 7 months 1 week 4 days 4 hours ago) and read 1491 times:

UTA_flyinghigh:

"In her 6-years at HP the company has been totaly revitalized and is now a leader or 2nd in most branches of IT hardware."

The same 'leader' that dropped the DEC Alpha and instead supported the Intel Itanic?

"Way in front of those fools Dell and IBM, for instance HP sells as many servers as Dell and IBM combined."

2004 Q3 Servers
IBM - $3.79G
HP - $3.29G
Dell - $1.16G
Sun - $1.13G

"Carly deserves credit for turning around a company that was falling asleep and successfully merging with one of their biggest competitors."

Yes, the new direction is much better - employees hating the company is always a sign of success.


User currently offlineFDXMECH From United States of America, joined Mar 2000, 3251 posts, RR: 34
Reply 19, posted (9 years 7 months 1 week 3 days 19 hours ago) and read 1465 times:

>>>There is no job that is America's God-given right anymore," Fiorina commented in a recent speech in Washington. Not the most sensitive comment to make in light of the number of unemployed Americans suffering these days. This Marie Antoinette-inspired remark makes me wonder if HP hasn't already offshored its public relations department.

Fiorina's group would prefer to have us believe the mindless global economy is to blame for this affront to the millions laid off in the name of improved productivity and higher corporate profits. Or that the problem is America's inability to keep up.

Whose fault is that? As Fiorina and her cohort in the campaign, Intel CEO Craig Barrett, tell it, America's education system is woefully lacking. They say schools act more to block budding math and science students than to foster them. When in doubt, blame education. Yet wasn't it that same woeful education system that trained the talent that created our tech revolution -- that made offshoring possible?

Blaming the school system is simply an attempt to deflect any real discussion of the long-term consequences of offshoring. It is offshoring that will hurt education, not the other way around.

Think about it: Why should American students study math and science when the companies they would work for might sell them out at the first opportunity? In other words, Fiorina and Barrett want workers smart enough to do the job, but dumb enough not to see the handwriting on the wall.
<<<

__________________________________________________________________
Good riddance4 to rubbish. She won't be missed.




You're only as good as your last departure.
User currently offlineUTA_flyinghigh From Tunisia, joined Oct 2001, 6495 posts, RR: 50
Reply 20, posted (9 years 7 months 1 week 3 days 12 hours ago) and read 1438 times:

Q1, Q2, Q3, etc.. figures are all very good, but the overall yearly picture is that HP is :

#1 in servers
#1 in laptops
#1 in printers
#2 in PC's
#2 in PDA's

UTA



Fly to live, live to fly - Air France/KLM Flying Blue Platinum, BMI Diamond Club Gold, Emirates Skywards
User currently offlineSpringbok747 From Australia, joined Nov 2004, 4387 posts, RR: 10
Reply 21, posted (9 years 7 months 1 week 3 days 12 hours ago) and read 1436 times:

Good..she would've screwed up HP if she had stayed any longer.


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