We all make mistakes, but give him some time. After you make your decission "wisely" at least show some faith. Ridiculous
HP Names Meg Whitman President and Chief Executive Officer
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Re: HP Names Meg Whitman President and Chief Executive Officer
#12I'm sure the HP board is full of smart people, so my question is: what's next? Over the past decade they've seemingly made so many more poor decisions relative to good decisions, I have to imagine they feel a lot of heat to do something... redeeming?
I mean, they're still a very large and very powerful company, and I think predictions of their impending doom are highly overblown, but they've certainly been dealt some serious PR damage. Do they swing for the fences with some "revolutionary" device/system/platform? Do they limp along (are they really limping in any sense other than PR?) hoping to heal as they go? Do they follow the path that's been set by the previous CEO, or do they reverse those moves?
It's going to be an interesting year, that's for sure.
Re: HP Names Meg Whitman President and Chief Executive Officer
#13Not a good move.
He started his job by doing some hard upfront decisions that he hoped will play in HP advantage in the long run.
And the board cut him off at the point when he didn't even started the transformation.
Now, who knows what will happen.
The other possible explanation is that he knew that he is going to be scraped, and had enormous compensation for receiving the blame.
Re: HP Names Meg Whitman President and Chief Executive Officer
#14at least everyone will finally get to see that she was successful with eBay because of luck and not skill
Re: HP Names Meg Whitman President and Chief Executive Officer
#15Given Whitman's scummy behavior at Goldman Sachs around IPO practices, I have to ask: does HP make planes? Because they just flew one into themselves.
Re: HP Names Meg Whitman President and Chief Executive Officer
#16Ah, been a while since we had such an entertaining high profile trainwreck in progress to watch. What the hell is the board thinking?
"A while" being days, assuming Yahoo counts.
Of course, there's the ongoing smaller trainwreck waiting to happen called RIM.
--edit-- let's not forget Netflix either.
Re: HP Names Meg Whitman President and Chief Executive Officer
#17What I find funny about such rapid changes is, can they reverse any of his decisions? For instance, will HP magically announce they're not really leaving the PC business and will be shipping new tablets?
I wonder if it's also not too late to reverse the Autonomy acquisition.
There's probably a breakup fee. A huge one.
Re: HP Names Meg Whitman President and Chief Executive Officer
#18This will certainly help her replenish her coffers after her $100+ million depletion on last year's failed gubernatorial bid.
Re: HP Names Meg Whitman President and Chief Executive Officer
#19I'm sure the HP board is full of smart people, so my question is: what's next? Over the past decade they've seemingly made so many more poor decisions relative to good decisions, I have to imagine they feel a lot of heat to do something... redeeming? I mean, they're still a very large and very powerful company, and I think predictions of their impending doom are highly overblown, but they've certainly been dealt some…
HP's board might be full of smart people who make stupid decisions. HP's board started the decline by hiring Carly Fiorina, being a part of the pre-texting scandal, hiring and then firing Hurd, and now hiring and firing Apotheker.
Perhaps it's time to clean house at the board level.
Re: HP Names Meg Whitman President and Chief Executive Officer
#20So, this board has recently brought in a software guy who doesn't seem a good fit for a company that does a lot of hardware, had him make a bunch of unpopular decisions, then quickly replaced him with somebody that's been on the board for quite some time, without reversing any of the previous "damage" that Apotheker is being blamed for. Apotheker appears to be the fall guy for some unpopular decisions that the board…
HP does a lot of hardware on the consumer side, but they've been doing quite well in the enterprise without much ballyhoo. And the margins are way better in the enterprise than on the PC side (not counting "the ink is worth more than unobtainium" side of their business).