UPDATED: HP board cans CEO Apotheker for Meg Whitman

[Jodell88]

Nokia should now fire their CEO in my opinion. Then things will be great.

 

[lupi]

got to suck to work at hp right now.

 

[IHateMyJob2004]

8 of the 14 members of the board have only been there since 2010. http://h30261.www3.hp.com/phoenix.zhtml?c=71087&p=irol-govboard

Corporate governance in america is a fucking joke because CEOs just stuff their boards with their friends. This makes this coup all the more surprising.

Sadly, you just described 90% of US corporations.

Want to find winners? Find comapnies with reputable boards like Berkshire and Coke.

 

[drebo]

HP is going to lose server market share big time because of Cisco's UCS. It's already being gobbled up. Their blade enclosures are too old and management is a complete pain. Almost like they have different divisions for the various parts and management and nothing is integrated.

One could say the same for Cisco, too. Their ASAs are shit compared to Juniper's SRXs. And, really... "sh int ip brief" vs "sh ip int brief" to accomplish the same thing in ASA vs. IOS, respectively? What kind of fucking 'tards is Cisco employing anyway?

 

[SunnyD]

Whitman not planning on changing course for HP...

So, might I ask, what the hell was the point in removing Leo again?

HP’s Whitman Says She’ll Keep Strategies Begun by Apotheker
September 23, 2011, 10:02 AM EDT

Sept. 23 (Bloomberg) -- Hewlett-Packard Co. Chief Executive Officer Meg Whitman plans to stick by strategies set in motion by her predecessor, Leo Apotheker, betting that investors prefer steady leadership to another unsettling change of course.

Whitman, in her first interview as Hewlett-Packard’s CEO, said the company stands by plans to acquire U.K. software marker Autonomy Corp. for $10.3 billion. The company also will continue to explore whether to sell or spin off the personal-computer division, she said. Those moves were announced on Aug. 18.

“It does not signal a change in the strategy,” Whitman said yesterday of her appointment. “We are behind the actions that were taken on Aug. 18. We are firmly committed to Autonomy.”

Whitman is hewing to those plans to avoid alienating shareholders who were fed up with the about-faces that characterized Apotheker’s reign. Still, Hewlett-Packard is overpaying for Autonomy and it shouldn’t have announced a possible PC unit sale without a concrete plan in place, said Chris Whitmore, an analyst at Deutsche Bank AG.

Okay, so by keeping Leo's plans which were alienating shareholders, it's somehow magically NOT going to alienate shareholders? What form of mentally deficient logic is this?

 

[IndyColtsFan]

Whitman not planning on changing course for HP...

So, might I ask, what the hell was the point in removing Leo again?



Okay, so by keeping Leo's plans which were alienating shareholders, it's somehow magically NOT going to alienate shareholders? What form of mentally deficient logic is this?

I think they're saying that Leo's seemingly constant "about faces" were more the cause of shareholder alienation than anything else. Personally, I think they're making a mistake getting rid of their PC business as I think that announcement has caused a lot of companies to reconsider HP for anything.

 

[lxskllr]

I need to run a big company. I could damned sure do better than that. I'm with Sunny. That's anti-logic. It can spun in million different ways, but it doesn't make it any less stupid.

 

[GundamW]

Whitman not planning on changing course for HP...

So, might I ask, what the hell was the point in removing Leo again?



Okay, so by keeping Leo's plans which were alienating shareholders, it's somehow magically NOT going to alienate shareholders? What form of mentally deficient logic is this?

Crazy, isn't it? And she was running for CA governor with the "change" attitude.

 

[StrangerGuy]

Nokia should now fire their CEO in my opinion. Then things will be great.

Yup. They had so many years before the iPhone to make a phone with a goddamn 3.5mm audio jack and USB mass storage but didn't. Now they are paying the price for being such idiots with no long-term vision and execution.

 

[Narse]

Whitman not planning on changing course for HP...

So, might I ask, what the hell was the point in removing Leo again?



Okay, so by keeping Leo's plans which were alienating shareholders, it's somehow magically NOT going to alienate shareholders? What form of mentally deficient logic is this?

I agree, if she is just going to stick to his idiotic plan what was the point of removing Leo??

 

[Mr.IncrediblyBored]

Someday we'll find out the truth behind this debacle. I get the impression Apotheker was hired just to be fired. They knew full well what his intentions were. And by firing him after he essentially up-ended the company makes him the bad guy. He takes the blame and the board of directors gets everything they wanted with a new CEO that will just continue the path that Apotheker started (and the board wanted, all along).

 

[jhansman]

Oh, goodie. Now maybe she'll mount another idiotically failed campaign for Calif. governor to fulfill her real destiny.

 

[her209]

HP stock hits 6-year low after Whitman named CEO
http://online.wsj.com/article/AP56756aea195f42608f26847847708281.html

Oops!

 

[IndyColtsFan]

HP stock hits 6-year low after Whitman named CEO
http://online.wsj.com/article/AP56756aea195f42608f26847847708281.html

Oops!

I have to agree with the article -- she doesn't have experience in enterprise computing. I hope it works out for them and it would be hard to be a bigger disaster than Leo, but when she came out today and said she intended to follow through on his plans, it made me a little skeptical.

 

[zinfamous]

It seems like every time she opens her mouth, ratings plummet in some way.

 

[0roo0roo]

would be nice if for once they promoted from within,....u know..someone that knows the companies business

 

[Craig234]

would be nice if for once they promoted from within,....u know..someone that knows the companies business

I don't like Whitman, at all.

The HP Way would have been to promote.

 

[IndyColtsFan]

would be nice if for once they promoted from within,....u know..someone that knows the companies business

Yeah, there have been 2 or 3 exec VPs over there who have been rumored for the CEO position ever since Carly got it. I find it laughable that the board says no one internally is qualified but they went out and hired a dipshit like Leo without doing any due diligence. The HP board is beyond stupid. I think you can throw 13 monkeys in the board room and they'd operate the company just as well.

 

[Linflas]

Scathing, yet accurate:

http://online.wsj.com/article/SB10001424053111904787404576535211589514334.html

Only thing they left out was piss off legions of IT folks by turning what used to be simple drivers for printers into convoluted spyware delivery packages designed to market ink.

 

[her209]

Leo walks away with $13.2 million......

feelsbadman.jpg

 

[waggy]

Leo walks away with $13.2 million......

feelsbadman.jpg

far less then i thought he would get.

 

[crownjules]

far less then i thought he would get.

Far more than he deserves.

 

[Phokus]

Leo walks away with $13.2 million......

feelsbadman.jpg

corporateamerica.txt

 

[foghorn67]

corporateamerica.txt

takeitopandnyoutroll.txt

 

[0roo0roo]

far less then i thought he would get.

still rewarding failure