Thursday, February 10, 2005

Carly Fiorina's Reign Ends


Carly Fiorina Quits HP

It finally happened. The rumor mill was working overtime about her alleged differences with the HP board, so her sudden departure should not come as a total surprise to industry watchers, though they might consider it a trifle abrupt.
Always a controversial figure, she was never the darling of the investors. Her decision to acquire Compaq was faced with much resistance both inside and outside the company. The fatalists had billed it as the death blow to the company. It did not prove to be so bad although the then biggest merger in the IT industry was not exactly HP's greatest success story. Her decision to diversify into the consulting & services arena was another unpopular move not to mention the corporate jet she went shopping for during the dark era of en-mass layoffs.
But like the HP management said, she had the right vision for the company, it was the execution they did not agree with it. Which makes sense to me, after all Carly was one of the very few women at the very top. You got to have some substance to lead a Fortune 20 giant.

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