HP boss Carly Fiorina resigns
p2pnet.net News:- Major differences between Hewlett-Packard boss Carly Fiorina and the HP board about how to execute HP’s strategy have led to her resignation, effective immediately.
Now she’s left the building over the row, Robert P. Wayman, HP’s chief financial officer, has been named ceo “on an interim basis and appointed to the board of directors,” says HP in a statement.
“Patricia C. Dunn, an HP director since 1998, has been named non-executive chairman of the board, also effective immediately.”
The board will begin a search for a new ceo – also immediately, it says.
Wayman, a 36-year veteran of the company, will retain his cfo responsibilities, says HP, adding. “The company does not expect to make any additional structural changes or executive leadership changes at this time.”
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UPDATE: It seems Fiorina didn’t quit.
She was canned.
“Hewlett-Packard fires boss Fiorina,” says This is London, going on:
“The departure of the controversial business leader, paid $3.3m (£1.7m) in 2003, was widely welcomed by HP followers, who have increasingly feared that she was pursuing the wrong strategy for the group.”
The report says no pay-off details have yet been given.
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See:-
effective immediately – HP Chairman and CEO Carly Fiorina Steps Down, Hewlett-Packard, February 9, 2005
February 9th, 2005 at 8:09 pm
She was a loon anyways, what the people in the US should worry about now is that she is being given some political appointment and will be advising on domestic policy…woohoo should be great.
Plus, apparently the entire workforce at HP is displeased with the way the place is being run currently anyways….
TT
February 9th, 2005 at 8:22 pm
While I am just an emplyees wife, I would just like to say that there are thousands of employees elateyed today at Charletons firing ,er resignation. The media has truley loved showing this camera friendly republifraud but has failed miserably ( In my humble opinion )regaurding the heart and soul of hp. It’s people! They haven’t been given a cost of liiving raise in three years, their bonuses were all but completly stripped, and to top it off, they live in a constanst state of concern as to whether they are going to be laid off in the near future! I can only pray that the new leadership will not forget their most valuable asset. It;s People! Just a person; Corvallis OR
February 9th, 2005 at 8:27 pm
This sounds like a story for Ayn Rand…Highly paid CEO screws up and gets paid 21 million to leave HP alone….while thousands of very competent hard workers were laid off years ago (some,after contributing 30 years)
with less than $50,000 compensation. Way to go Carly. 21 million for messing up a company.
February 9th, 2005 at 11:04 pm
I can remember when HP was appreciated for their high quality instruments. I couldn’t believe HP would let a person like Carly turn this company into a PC maker using off-shore companies while practically “flipping the bird” at americans who were out of jobs.
February 10th, 2005 at 2:21 am
Poor Carly. We loved her so much when she was at Loocent.
Hmm. Maybe she’s one of the reasons it collapsed?
Nah. Couldn’t be. Too bad everyone I knew (including myself) lost our jobs. Hope you like Chinese!
February 10th, 2005 at 2:04 pm
Since C.E.O.’s like to brag on how they make stockholders more money by replacing American workers with Communist slaves, I would like to help them out by suggesting a new way of saving money. Out source the C.E.O. I’m sure there are quite a few foreigners that could provide the same quality of leadership at less then half the salary and perks that current C.E.O.’s get. I would love to see the C.E.O. of Sykes Enterprises and SBC communications replaced by a cheaper foreign equivilent.
February 11th, 2005 at 12:26 am
Two things that will keep from buying HP PCs are affinity for the idea of DRM bios and their terrible webpage support (worse than IBM). I’m not buying HP ever again.
August 9th, 2005 at 8:40 pm
It’s a great idea! We can even centralize teams of ceo’s somewhere on the coast of Mexico. They can all relax in tropical setting and play golf when they are off the clock. The cost of living down there is dramatically less, and by grouping them into the same community, resources such as the teleconferencing center they will need, can be leveraged for maximum cost savings. Without all of the arduous travel and stress of meeting with their lackey senior managers sucking up to them, they should be happy with say……250k per year. Add on the expense of running the facility and we’re probably at 500k per yr total. That will save millions and millions.
April 6th, 2006 at 2:29 am
Even Japanese CEOs are cheaper than US CEOs and the cost of living in Japan is just as high if not higher than the US.