Dvorak: Meg Whitman will get nowhere as HP CEO; she will be gone within 24 months

“If Hewlett-Packard Co. ever hopes to match International Business Machines Corp. in the service and servers game, it needs to learn how to pick a chief executive and leave that person in as CEO,” John C. Dvorak writes for MarketWatch. “As we all know now, the company has ditched former SAP AG Léo Apotheker for ex-eBay Inc. boss Meg Whitman.”

“Whitman will get nowhere, and I predict that she will be gone within 24 months. This isn’t based on anything she may or may not do; this is based on the track record of what is turning out to be a weird board of directors at H-P,” Dvorak writes. “It’s made up of a few telecom folks, a coder, insurance-company people, straight-up investors. Not sure what any of them brings to the table, except for perhaps Executive Chairman Ray Lane and Executive VP Ann Livermore.”

Dvorak writes, “Whitman may be the perfect chief executive for H-P, since she was involved in auctions and the company could be sold off in pieces. After all, the book value is around $19, which seems to be about where the stock price is headed. Perfect time to auction off everything! Perhaps she’ll sell the whole company to Apple Inc. or Oracle Corp. or even to IBM. And to heck with a premium, sell it at a good, low eBay price! Click and buy.”

Read more in the full article here.

Related articles:
Meg Whitman = Ronald Reagan? – September 23, 2011
HP CEO Whitman: HP still considering spinning off PCs, ending webOS hardware – September 22, 2011
HP names Meg Whitman President and Chief Executive Officer – September 22, 2011

37 Comments

      1. facts are facts- she’s a one trick pony soccer mom who was lucky enough to be the one to bring yard sales to the internet.

        and she is a fat bitch to boot. A true MILTWAF.

        A mom I’d like to walk away from. and quickly!

            1. I remember when BLN first hit the scene, eveyone initially gave him shit but then soon learned his comments were typically intelligent and insightful.

              Lately however, it’s like someone has jacked his handle and a completely different person is commenting.

  1. Amazing how inept visionless management can hobble a company that once held great expectations. Around 2002-ish, HP was considered one of the few companies that could achieve “convergence” in lifestyle devices. They made PCs, printer/scan/fax machines, cameras, PDAs, mice, keyboards, servers, etc. All they needed was an OS of their own to tie it all together in order to compete with Apple. They even made noise about potentially dropping Windows to use an in-house build of Linux to do just that … then MicroSoft postured, HP backed down, and it’s been a race downhill ever since.

  2. Meg Whitman, is santorum. HP had a chance to compete when they bought webos. They should have developed that and made quality products to support it. She will fail just like her politics. She will drain the company and still lose. Apple should be dancing. The only threat that had a chance…..poof gone! I hope they churn out another batch of 99$ pads though.

  3. — Whitman is part of the Board!
    some say after her failure to get elected governor, she wiggled to get Apo fired and hired herself.
    Eric (the Mole) Schmidt must admire her at least.

  4. Interesting comment about the board – explains a lot. Whitman hardly set the world on fire at eBay – she is a terrible choice for HP, and that reflects badly on the board. This reminds me of the CEO choices Apple made in the 90s – they nearly killed the company.

    It’s always worth watching Dvorak’s scattergun rantings – every so often he comes out with a gem.

  5. She’ll be gone, but with another truckload of undeserved cash. The system of executive compensation in American corporations is criminally incompetent. The shareholders could sue if they had half a brain between them, which they obviously don’t or they would never stand for these ridiculous charades.

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