Carly Fiorina, the chairman and chief executive of Hewlett-Packard, has resigned the BBC is reporting. Ms. Fiorina said she was leaving after a dispute with the company’s board over future strategy.
“While I regret the board and I have differences about how to execute Hewlett-Packard’s strategy, I respect their decision,” Ms. Fiorina said.
Chief financial officer Robert Wayman has replaced Ms. Fiorina temporarily.
Related MacDailyNews articles:
Hewlett-Packard to bring Apple iPods to China’s 1.3 billion consumers – March 11, 2004
Im first!
Paves the way for her to join Apples Board.
Discuss!
This does mean some uncertainty regarding Apple’s partnership with HP. Hopefully, the board and Fiona weren’t disputing their future music strategy.
HP’s board is not smart. This will surley be the beginning of the end for anything that is noteworthy out of HP for quite some time.
Fiorina did a good job there. She had vision. Dump your stock if you have any…
Good riddance. She was a failure from the beginning.
Actually, she was trying to remake the beast that H-P had become and had problems with a board that has had a rep for being contrary from the beginning. With a more insigtful board, she might well have acomplished much more. She had the guts to move H-P away from the hegemony of Micro$oftopoly and into the LINUX market, cut the iPod deal with Apple and other moves. She would be a good person to have on the Apple Board.
MacMan:
What vision? Pay a bloated price for a failing competitor (Compaq)? …repackage another competitor’s products with no added value? …alienate Walter Hewlett at every turn?
She mismanaged every aspect of the company’s future and did nothing to gain market share or intellectual share. She was an utter failure. In fact, the only thing she was good for was getting magazine covers because she was supposedly controversial.
As to suggestions that she joins Apple’s board? NO THANKS!
This is the end of the HP iPod.
HP Invent was a lousy marketing campaign simply for the fact that they didn’t INVENT anything. They just made some decent products.
She seems to get on well with Steve Jobs, there is something going on in that M$ dominated PC-world…
80% of HP profits came from selling ink cartridges.
Carly Fiorina should be proud of that?
Considering that she inked the hPod deal, this is somewhat disturbing.
I’d like to donate a couple of million to your [insert name of favorite] charity, and perhaps, say, half a mill’ to your [insert boardmember’s esteemed alma mater] but I’m a bit disturbed at your h… [coughs in the middle of the word and looks around fearlessly] hPod strategy. She’s not a team player, you know, says the bespectacled nerd guest, rocking in his chair and putting away his apparently broken Windows portable media player.
What goes around comes around. Shades of paraanoia? Naah … magic word influence: “followed.”
With the Apple/HP iPod partnership falling apart, it will be easier for Apple to crush HP and get them out of the way in the personal computer business.
Can’t dispute HP has made some fantastic laser printers.
Either way, shows both don’t know what they are doing. When I walk into a BestBuy or Circuit City and see HP’s computers, they are sad looking to say the least.
Looks like the investors like Fiorina’s departure. H-P shares are up as much as 12% in pre-opening trading.
Big deal. HP iPod was 2nd in market share with around 3-4%. Apple will just reabsorb that share. HP’s value to iPod platform is past now. It doesn’t matter. Apple used HP to get their foot in the door and for mindshare. No longer needed. I also think Carly might be slightly retarded – the HP iPod was totally stupid for HP. Invent – my ass! Plus many other of Carly’s other moves were shaky at best. Compaq?! HP will be better off without her.
“Carly Fiorina should join Apple board?”
are you smokin’ crack?
http://www.uncoveror.com/fiorina.htm
Joe McConnell: That link you sent is so suspect. Where is Fiorina’s connection to IBM? She worked for AT&T from 1980 to 1996, then for Lucent (which she spun off), and then for H-P. Was she recruited as a mole by IBM out of college? PLEASE.
She didn’t resign, she was flat out fired! Read the quotes from her and the board.
And if you think she did any good, go read the Fortune cover story (9 pages) and you’ll she just how big a failure she was.
Wow, major news. Though I don’t really know much detail about her, I always felt sorta kindly to Carly. I guess cuz she went into the iPod deal. That was cool.
The real question is what the strategic differences were. Did she want to spin off the Printer and Imaging division or maybe the PC division like IBM have done?
Maybe the board wanted that and she disagreed?
What strategic disagreements could there be that were so serious that she would resign over them?
And the new CEO of HP is?
My guess is David W. Packard.
Carly was an extremely short-sighted CEO who managed to the stock price and demanded implementation of measures that would (hopefully) result in short-term boosts to the stock value rather than truly formulating a long-term strategy that would show steady increase. She tried for quick gains rather than steady, long term growth that may not necessarily happen overnight, and it finally came back to bite her. She mismanaged many aspects of HP and alienated the employees and killed morale. She’s a disaster, and any company would do well to steer clear of her.
HP will become a sauce company. (Whoops … it already is)
Damn, and here I thought Gateway would go under before Carly did.
Now that she’s gone, HP should do everyone a favor and close their entire consumer PC business. When a lousy product is losing money, why bother? HP’s money is in their printers and corporate accounts, and HP should focus on those.
The hPod is in an odd position. I don’t know the terms of the deal, but now it makes sense only if there’s a mutual benefit agreement (The Apple Store markets HP printers, HP markets hPod and iTunes). If the hPod did get axed it wouldn’t be the end of the word, Apple itself would just pick up the slack.
As for Carly on Apple’s board… not in a million years. With any luck MS will hire her.