Wednesday, February 09, 2005

Good News

Carly Fiorina's mission to eviscerate one of the world's truly great technology companies while building her own private air force has ended. Hewlett-Packard employees are reported to be dancing in the aisles. The stock has gone up $7b on the announcement. That ought to tell you something.

Here's one former employees take (many more can be found on the cited link).
I worked at HP in the 80s, still hold stock in the company, and I have been horrified for years at the degradation of HP from a great place to work (and a profitable, socially responsible company) into a soulless, internally repressive corporate tyranny. Bill and Dave would be speechless with rage were they still with us.

Ms. Fiorina has presided over such low points as dumping a profitable calculator division (without even spinning it off or doing an EBO!), and a recent corporate general meeting where the proxy-voting process was blatantly abused and manipulated to ensure the board got their way regardless of what the stockholders wanted.

To say nothing of the shenanigans with trying to suppress aftermarket inkjet cartridge suppliers/refillers. Hewlett and Packard would never have condoned such slimy means of boosting profits; they preferred to make money by adding value, and believed in interoperability and good corporate citizenship (a quaint concept, I know, but I'm an old fart...)

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