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A feeling of elation surged through the building as soon as the news broke: Carly's gone! "I'm $600 richer than when I woke up this morning!", a colleague exclaimed joyously, after checking the stock market situation following the news of Ms. Fiorina's resignation, effective immediately.

I had heard the rumours all through the week, and in yesterday's site management meeting, received confirmation that they were true: this time, not only the hp Board of Directors, but the shareholders as well, had withdrawn their support from their CEO...the CEO they'd insisted on appointing 6 years ago, knowing full well what a mess she left behind her at AT&T Lucent Technologies.

For 5 years, they supported her every decision, letting her dismantle the company and destroy The HP Way which had stood it in good stead for over half a century; backing her against Hewlett Jr. who lost the chance to send her packing and turn things around by the narrowest of margins...but now, when the figures and projected targets of the merger with Compaq have failed to materialise and an influential magazine is contemplating publishing a negative review of the whole adventure, the shareholders suddenly find it expedient to ditch her...I'd almost feel sorry for her but I'm sure she'll be alright; hell, she's got the millions and the Gulfstream Jet that's hers to keep, and I'm sure she'll find something to occupy her soon enough. It's a well-known fact that her ambition is to get elected to the Senate; and I really shouldn't wonder if one day she makes it to vice-president of the USA. And if she does, kudos to her!

I only met her once, briefly, a few years ago, when she was in Holland to tell us all about the wonderful new direction she was going to take the company in, and how we were all going to benefit from it. Since then, most of my former colleagues have lost their jobs, so I don't think they'll be particularly distressed to hear that now she herself has been sacked, even if the press statement worded it differently. Ah well.

And now Bob Wayman's succeeding her in the interim...the fact that they've promoted a Finance Manager to CEO speaks volumes. But: a Finance manager with 36 years experience working for hp. Maybe he can give us our company back.

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Comments

( 8 Speak Like A Child — Shout To The Top )
juno
Feb. 9th, 2005 11:33 pm (UTC)
Hey - I'm with HP here in the states.

General feeling is - Good. But what if someone from Compaq gets the top job? Or a new person that will take years to figure out the Compaq way is not the way forward?
gamiila
Feb. 10th, 2005 08:09 am (UTC)
General feeling is - Good

Poor Carly. Was she as much reviled in the States as she was over here? It seems we all held her personally responsible for the changing climate within the company, but of course, it wasn't just her. The shareholders backed her all the way for a long time, and they never cared two figs for the company anyway, just their dividends.

But what if someone from Compaq gets the top job?

Omigod, it doesn't bear thinking about, does it? Can't we get Lew Platt to come back?

Don't get me wrong, there are individual pm-Compaqers I work with and like, but the upper eschelon: they're so stuffy! And they don't know how to hold to The HP Way.

Speaking of which, I'd better take that damn Standards of Business Conducts II test my Outlook keeps prompting me about...
juno
Feb. 11th, 2005 05:33 am (UTC)
I don't think that she was blamed as much as the Compaq management. I think that the merger was a major shift in the important values of hp. There were some aspects of her management that were not well received - the orginal big layoff was really really poorly handled. People in that layoff were branded as low performers (in the press release!) which made it impossible to get a new job in this area.

I am definitely saying a prayer that the top job goes to someone who is fair. I really am worried about this.

There were more layoffs in N.E. US on monday. Mostly field people...I don't think that they got a Gulf Stream though.
gamiila
Feb. 11th, 2005 08:30 am (UTC)
There were more layoffs in N.E. US on monday. Mostly field people...

Well, we know there's going to be another WFR over here, too...We don't know which departments will be hardest hit this time (last go-round, it was EMEA Marketing losing 1400 people at a stroke), which means people are jittery all over the place. Too bad Carly's leaving won't do anything to stop this process.

And there's been no mention of GulfStream Jets as part of the general severance package in any of the negotiations that I'm aware of...Just as well, really -- where woul dyou park the damn thing?
desdemonaspace
Feb. 10th, 2005 12:01 am (UTC)
(off topic) Ooh! Your new layout is scintillating! The colors just POP!

(/off topic) My company hired someone to a top spot who had run Northwest Airlines into the ground. Sometimes I think it's connections: "it's not who you know, it's who you blow," etc. Grrrr for us, but glad for you! That is very good news.
gamiila
Feb. 10th, 2005 08:18 am (UTC)
Your new layout is scintillating!

Really? You like? I'm afraid I went a bit overboard with the colour coding, but I'm leaving it as is for now, until bogwitch is ready to show me the background she's making me. So far, all I know is that she's using red, too! ;-)

(OT): I always liked that signature icon of yours, of you in the hat, just as it was. Yes, I know: I also still need to take that 'Adjusting to and Sustaining Change'-CPB that my manager keeps going on at me about...
desdemonaspace
Feb. 10th, 2005 12:05 pm (UTC)
Well, I always like your "drowning in footgear" background. (No criticism of bogwitch's considerable talent with graphics.) It combined your twin motifs of love of Spike and love of shoes. Very witty.
gamiila
Feb. 10th, 2005 12:49 pm (UTC)
(No criticism of bogwitch's considerable talent with graphics.)

I should hope not, seeing as how she was responsible for that little in-joke, too!

I still have that background, of course; and I'll never part with it, but I do feel it's time for something new right now. And knowing The witch, I'm sure she'll come up with something equally good and tongue-in-cheek this time.
(Deleted comment)
gamiila
Feb. 10th, 2005 08:20 am (UTC)
Fingers crossed!

It really is funny to see how much the general workforce is buoyed by the news of Carly's leaving...esp. since very few of them were actually in a position where they would need to work with her.
( 8 Speak Like A Child — Shout To The Top )

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