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Ex-Board Member: HP Committing Corporate Suicide

theodp (442580) writes | more than 2 years ago

HP 1

theodp (442580) writes "If Apple's looking for a seamless transition, advises the NYT's James B. Stewart, it definitely shouldn't look to Hewlett Packard. In the year after HP CEO Mark Hurd was told to hit-the-road-Jack, HP — led by new CEO Leo Apotheker — has embarked on a stunning shift in strategy that has left many baffled and resulted in HP's fall from Wall Street grace (its stock declined 49%). The apparent new focus on going head-to-head with SAP (Apotheker's former employer) and Oracle (Hurd's new employer) in enterprise software while ignoring the company's traditional strengths, said a software exec, is 'as if Alan Mulally left Boeing to join Ford as CEO, and announced six months later that Ford would be making airplanes.' Former HP Director Tom Perkins said, 'I didn't know there was such a thing as corporate suicide, but now we know that there is.' A year ago, Oracle CEO Larry Ellison fired off an e-mail to the NY Times calling buddy Hurd's ouster 'the worst personnel decision since the idiots on the Apple board fired Steve Jobs.' Most dismissed Ellison's rant as hyperbole at the time, writes Stewart, but now many aren't so sure."

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1 comment

Ford (1)

Deadstick (535032) | more than 2 years ago | (#37236852)

as if Alan Mulally left Boeing to join Ford as CEO, and announced six months later that Ford would be making airplanes

Ford did. To considerable profit.

rj

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