It would be tempting to blame Carly Fiorina and she exemplifies the cult of CEO, short term thinking, no solutions beyond wall street focused cost cutting, financial engineering and layoffs, no accountability and exiting with golden parachutes with no damage to their finances or reputation. This while the company loses long term viability, sheds talent, focus, and burns,
Robert Nardelli, former Homedepot CEO is also a similar instance of CEOs making bad decisions with little push back and accountability and exiting with reputation and big bucks. Neoliberalism and a fawning media and 'economists' propping up whatever narratives vested interests push has to shoulder the blame.
No company can survive short termism and a string of wall street focused CEOs. HPs decline hastened under her 'reign'. They folded from hardware, were content to sit on printer revenues and DRM and focus on 'services'. None of these have scope for innovation.