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Whitman Expected to Get HP CEO Nod After Markets Close

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Re: Whitman Expected to Get HP CEO Nod After Markets Close

#11
post #3

So wait, is Apotheker out yet or not? Either way, what a waste of time his entire tenure has been.

  what a waste of time his entire tenure has been
The stock has gone down 47%, and he will walk away with approximately thirty million dollars. “Waste of time” doesn’t quite capture my thoughts about his tenure.

http://allthingsd.com/20110921/what-will-leo-apotheker-walk-...

Re: Whitman Expected to Get HP CEO Nod After Markets Close

#12

I have much respect for Meg Whitman, but she is not an ideal pick for HP. Her experience is with consumer companies -- eBay, P&G, Disney...Especially if HP spins off its PC business, that leaves the company as essentially a pure enterprise hardware/software play. Don't do it HP.

is the Autonomy acquisition finalized yet? it seems like maybe this is a signal that HP will attempt to refocus on its consumer products?

Re: Whitman Expected to Get HP CEO Nod After Markets Close

#13
This strikes me as a hire very much in the same vein as Bartz at Yahoo. Successful with on particular type of tech company doesn't mean success with another. (Apotheker being a similar example).

Whitman could be very competent and turn things around, she sends likely a good message to wall street. But if I were the king of HP I'd be looking for someone who's got way more domain experience.

Re: Whitman Expected to Get HP CEO Nod After Markets Close

#15
post #6

There was an article I read about this yesterday on one of the big tech websites, I'm not sure which one. HP basically hired a guy that was good at something, and operated in a certain way, and now that he's doing it, they're firing him. Granted, not everything has been well-executed, but come on, its like buying a motorcycle and then returning it because it isn't air-conditioned.

Really have to ponder why Whitman would take this job given the probability of being fired next year no matter what happens...

Leo is making $35mm+...

Re: Whitman Expected to Get HP CEO Nod After Markets Close

#16

During Whitman's gubernatorial campaign there was a great quote on SFGate, something like: "Meg Whitman is the only force in the universe that could compel me to vote for Jerry Brown." I felt the same way, pretty much. I don't know much about her work at eBay, but the distant, autocratic way she ran her campaign -- she didn't get out and talk to people, she just stayed in her castle and put out ads -- strikes me as t…

I once got a chance to talk to Meg when I worked at eBay. After the, very brief, interaction I dubbed her "Queen Margaret" as the look on her face suggested that rabble like me shouldn't be seen, at least by the aristocracy.

Also, across the street from the eBay HQ in Campbell there was a restaurant that had failed and Hooters wanted to open a location in it's place. Meg fought Hooters for nearly two years.

Good luck HP, you're going to need it.

Re: Whitman Expected to Get HP CEO Nod After Markets Close

#18
post #6

There was an article I read about this yesterday on one of the big tech websites, I'm not sure which one. HP basically hired a guy that was good at something, and operated in a certain way, and now that he's doing it, they're firing him. Granted, not everything has been well-executed, but come on, its like buying a motorcycle and then returning it because it isn't air-conditioned.

Really have to ponder why Whitman would take this job given the probability of being fired next year no matter what happens...

Are you a football fan? The CEO job at HP right now is pretty much like the head coach job with the Oakland Raiders. It's a completely dysfunctional organization. If you succeed you're the genius that was able to turn it around. If you don't then Al Davis takes the blame and you get a free pass. You get paid either way. And you have to remember there are only 32 head coaching jobs available so it's great work if you can't get the same job with another team.

Being CEO of one of the world's largest companies is a similarly exclusive club. Who wouldn't take that job?

Re: Whitman Expected to Get HP CEO Nod After Markets Close

#19
The really disgusting part is that these CEO's have absolutely nothing to lose. If Meg Whitman gets this job she is basically guaranteed 10's of millions of dollars - whether or not she ruins the company. Carly Fiorina, Mark Hurd, Leo Apotheker and the ex-Compaq CEO (Capellas?) all walked away with 20+ million dollars. And for what?

Bill Hewlett and Dave Packard - not to mention Steve Jobs, Gates, Zuckerberg etc. - earned their billions with brilliant and gutsy decision making, while these parasites earned their money by being better schmoozers than their business school classmates.

Re: Whitman Expected to Get HP CEO Nod After Markets Close

#20

There was an article I read about this yesterday on one of the big tech websites, I'm not sure which one. HP basically hired a guy that was good at something, and operated in a certain way, and now that he's doing it, they're firing him. Granted, not everything has been well-executed, but come on, its like buying a motorcycle and then returning it because it isn't air-conditioned.

Exactly. But we should wait and see how this plays out. Maybe they realized that strategy was a mistake to begin with and are trying to correct it. He hasn't necessarily been turned into a scapegoat yet.
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