Market Currents
After Mark Hurd resigned as H-P's (HPQ) CEO in 2010, Steve Jobs told Hurd and other friends he...
-
Saturday, January 12, 3:19 PM ETAfter Mark Hurd resigned as H-P's (HPQ) CEO in 2010, Steve Jobs told Hurd and other friends he feared H-P's board would now "send the company spiraling into chaos," according to BloombergBusinessweek. As Jobs' fears have arguably been realized, many inside H-P have accused Hurd of mortgaging H-P's future. But while some of those critiques may be valid, "they fail to capture why HP’s prospects got so much worse so quickly after Hurd left," the magazine notes The constant through it all has been chairman Ray Lane, accused at times of filling H-P's oft-criticized board with cronies.
Other date
TECH ETFs IN FOCUS
Latest Tech Articles
This news story has 35 comments:
CEO Meg Whitman "earns" a salary of $15M.
http://bloom.bg/XtxvYX
I only wish someone would reward my failures like so so many in the corner offices are so rewarded.
How could the HP Board, which represents the shareholders, give the OK on such a "reward" for Ms. Whitman?
Under her leadership (?), HP has become a shell of what it once was.
$15.4M for "leading" HP to a 40% decline.
Make sense to me.
Have a great weekend.
A leader is not someone who points fingers at others while the company stock loses 40%, in my opinion.
The turnaround road is a long one and I don't know if HP has enough gas in the tank to complete the journey.
That's like giving a doctor a dying cancer patient and then complaining when they are not back to robust health the following year.
It will take YEARS to turn around HPQ. The worst thing they can do now is bring in a new CEO and throw them out 3-4Q later. Someone will have to be allowed to make the short term painful cuts that wall-street may not reward until down the road.
Didn't that start with Carly?
She is the CEO. As long as she holds this spot, she carries the "magic wand" to do something to stop the downward spiral of HP. She can't keep using the President Obama excuse of: I came into this job and there were big problems. It is her job to fix them, not point fingers at those who messed things up in the past.
Not a Monday morning QB. Just someone who wonders why $15.4M is paid in salary after a year like HP had.
HP is in a world of "what have you done for me lately?" You want to give Ms. Whitman years to turn HP around, best wishes.
There are much better places to invest money. People are understanding this.
As to the comparison to Obama, she is after all a politician.
Agree, lots of other places to "invest", this is for gamblers.
B. A long term turnaround plan is now in place.
C. Best management and Board in place since Bill Hewlitt left the company.
D. Allan Mullaly was paid $17 million in 2009 at a time when the auto industry was on it's knees. Was he worth it? Retrospectively, absolutely yes.
E. Ray Lane used to be COO of Oracle. He clashed with the Samurai of Software and they still hate each other, which is probably the whole reason Hurd was even hired over there. The comments that *may* have been said by the deceased Steve Jobs about HP to a terminated former HP executive who now works for a rival firm is kinda suspect, isn't it?
The crap that gets printed on HP by Monday morning quarterbacks who never set foot on the field themselves is unbelievable.
http://bit.ly/TT3YbB
For years I used HP printers, but was always vexxed by their boated software packages that sucked up system resources and often crashed. I mean, why is a half a gig required to run a printer?
Then, HP got even more clever and started to refuse to update printer drivers for new Windows releases, preferring instead to release some "new" printer model that was compatible with the new Windows, i.e., make you buy a new printer through planned obsolescence.
It was such a clever marketing approach that I now use Canon printers, which are far superior in performance and reliability and don't come packaged with "bloatware," either.
I have used HP printers exclusively for over 30 years. I bought my last one awhile back and when I use up the remaining ink I have will look into the Canon.