Carly Fiorina, the high profile CEO of HP, who was responsible for the merger of HP and Compaq (by a fierce proxy battle) has finally been kicked out of HP! And the stock market supposedly liked it!
Quote:
|
Originally Posted by Money.com Shares of HP jumped 6.9 percent in heavy trading on the New York Stock Exchange Wednesday on the news. But at one point, the stock was up as much as 10.5 percent. |
Source
Well, this did not come as a shock to me in any way! I was expecting this to happen a long time ago! Way toooo many wrong decisions by her. What point did she achieve by merging the two failing entities (HP and Compaq)?
She did need to be taught a very basic lesson - Merger of Two Failing Businesses is NOT = Profitable Business
And, if Fortune is to be believed , then it is her track record to leave things half finished. And that's what has happened at HP now!
02-09-2005, 10:11 PM
Linear Mode
