A
Arthur Entlich
HP's Fling with Fiorina ends in Firing
The rocky six year romance HP had with the woman at the top in the
several thousand dollar suits ended today, leaving a company with many
less employees and most HP stockholders with many less dollars.
For the last several years, the board waited patiently for Fiorina to
turn the business around, as most divisions, other than the printing and
ink division, had lackluster gains, if not losses.
An indicator of the sentiment of investors was clearly indicated in that
the common stock rose 7% on news of her departure.
Even in her leaving, however, she'll still be adding to her bankroll, as
she will probably walk away with over $21 million. Of course, for
Fiorina, that's almost small change.
Personally, I see her leaving as the lifting of a very large a black
cloud that has blocked out the light from HP for years. I wrote her
over two years ago, suggesting she would do everyone a favor by
quitting. It's a pity it took this long.
I wish the company and its employees the best of luck under new
stewardship. Maybe now the company can get back to inventing, making
products that can proudly show the HP logo, and in time, once again
offer reliable customer service.
Art
"Oh, I'm sure I've made my share of (mistakes). I don't think I've made
more than my fair share of them, although I think more has been made of
the ones that I've made." Carly Fiorina - From an October 2001 interview
with The Associated Press.
The rocky six year romance HP had with the woman at the top in the
several thousand dollar suits ended today, leaving a company with many
less employees and most HP stockholders with many less dollars.
For the last several years, the board waited patiently for Fiorina to
turn the business around, as most divisions, other than the printing and
ink division, had lackluster gains, if not losses.
An indicator of the sentiment of investors was clearly indicated in that
the common stock rose 7% on news of her departure.
Even in her leaving, however, she'll still be adding to her bankroll, as
she will probably walk away with over $21 million. Of course, for
Fiorina, that's almost small change.
Personally, I see her leaving as the lifting of a very large a black
cloud that has blocked out the light from HP for years. I wrote her
over two years ago, suggesting she would do everyone a favor by
quitting. It's a pity it took this long.
I wish the company and its employees the best of luck under new
stewardship. Maybe now the company can get back to inventing, making
products that can proudly show the HP logo, and in time, once again
offer reliable customer service.
Art
"Oh, I'm sure I've made my share of (mistakes). I don't think I've made
more than my fair share of them, although I think more has been made of
the ones that I've made." Carly Fiorina - From an October 2001 interview
with The Associated Press.