PDA

View Full Version : Hewlett-Packard Ousts CEO Carly Fiorina


RobertoOrtiz
02-09-2005, 02:04 PM
Quote:
"Carly Fiorina, one of corporate America's highest ranking female executives, has stepped down as chairman and chief executive of Hewlett-Packard Co. in a surprise move at the company she tried to transform from a printer business to a broad-based technology giant, the company announced Wednesday. HP shares surged 11 percent. "

>>Link<< (http://story.news.yahoo.com/news?tmpl=story2&u=/ap/20050209/ap_on_bi_ge/hp_fiorina_resigns)
-R

Hazdaz
02-09-2005, 10:49 PM
GOOD! I hated that bitch. Ofcourse in today's corporate world, she got fired, but will still probably be getting a larger pension a year than most of us will ever get in a decade of hard work. She represented the typical expand-at-all-costs corporate philosophy that is so dangerous to the average consumer and citizen, yet is so prevalent today in business. She is the main cause of the destruction of not one, but two hallowed names in the PC business.

Here's a big FU to Carly Fiorina.

FloydBishop
02-09-2005, 11:34 PM
Ofcourse in today's corporate world, she got fired, but will still probably be getting a larger pension a year than most of us will ever get in a decade of hard work.

http://money.cnn.com/2005/02/09/technology/hp_fiorina/index.htm

"CEO who engineered Compaq merger leaving after fight with board; will walk away with $21 million."

I worked at Lucent Technologies Micro Electronics Group in Reading, Pennsylvania while she was breaking all the glass ceilings. It looks like she may have fallen through.

All that dough should soften her fall though.

js33
02-10-2005, 01:47 AM
GOOD! I hated that bitch. Ofcourse in today's corporate world, she got fired, but will still probably be getting a larger pension a year than most of us will ever get in a decade of hard work. She represented the typical expand-at-all-costs corporate philosophy that is so dangerous to the average consumer and citizen, yet is so prevalent today in business. She is the main cause of the destruction of not one, but two hallowed names in the PC business.

Here's a big FU to Carly Fiorina.

Oh come on. Don't hold back tell us how you really feel. :D

Hehehe but I agree with you. The only reason she pushed for the Compaq merger was because she had a $100 million bonus on the table. HP is just that much more bloated and uncompetitive as a result. I mean they now have Compaq and HP computers in the sotres so they are competing with themself. Seems silly.

Cheers,
JS

rock
02-10-2005, 03:10 AM
Be careful what you say guys, for she, with the income and bonuses in play, might just as well bought both Alias and Softimage in one transaction, and then merge them into one. http://cgtalk.com/images/smilies/smile.gif

elam
02-10-2005, 03:20 AM
I like her. She's ambitious. Nothing wrong with that.

And who is destroyed exactly?

andy_maxman
02-10-2005, 03:23 AM
in that case let it be max and maya...

opus13
02-10-2005, 07:45 PM
take max... and add mayas animation tools and extensibility?


sign me up. :drool:

Hazdaz
02-14-2005, 02:16 AM
http://www.marketwatch.com/news/yhoo/story.asp?guid=%7BE829C14A-5815-44C6-B4B3-BCE71A83BF37%7D&siteid=myyahoo&dist=myyahoo

Looks like she will be forced to eat Ramen Noodles, driving around in a junker and keep track of every penny - I just don't know how she will survive on only $21 million dollars.



Ousted Hewlett-Packard Chairman and CEO Carly Fiorina will get a severance package worth more than $21 million, according to a proxy statement filed with the U.S. Securities and Exchange Commission. Under the severance agreement, Fiorina will get $14 million in cash, which is 2.5 times her base salary and target bonus.

Hewlett-Packard (HPQ (http://www.marketwatch.com/tools/quotes/detail.asp?view=detail&symb=HPQ&siteid=myyahoo&dist=myyahoostoryquote): news (http://www.marketwatch.com/tools/quotes/news.asp?siteid=myyahoo&symb=HPQ&dist=myyahoostorynews), chart (http://www.marketwatch.com/tools/quotes/intchart.asp?siteid=myyahoo&symb=HPQ&dist=myyahoostorychart), profile (http://www.marketwatch.com/tools/quotes/profile.asp?siteid=myyahoo&symb=HPQ&dist=myyahoostoryprofile)) also will pay her $5.88 million under its 2003-2004 long-term performance cash program, and $1.5 million, which is the pro-rated amount of her awards under the 2004-2005 program

The Palo Alto, Calif.-based computer company said that her package includes the vesting of about 6.07 million in H-P stock options with an exercise price of $35.73, well above its Friday closing price of $21.30.

Fiorina also will receive $50,000 for financial counseling, legal and outplacement services and she will be permitted to keep her personal computer equipment and receive technical support for three months.

In addition to computer support, the former chief executive will get six months of administrative support and one-year of home security services at H-P's expense.

The company paid her $1 million, out of a $1.57 million bonus, in the first half of 2004, but withheld the remaining balance in the second-half of the year because it was contingent upon "pay-for-results" and H-P said in the filing that the company had failed to reach its performance targets.

However, in December, just two months before she left the company, H-P awarded her a $567,000 bonus based on H-P's fourth-quarter performance.

Shares of H-P closed down 18 cents at $21.30 in Friday's regular session, but traded 6 cents higher to $21.36 after the bell.

digita
02-14-2005, 03:50 AM
Carly may get $42 million, not $21 million as originally stated: http://money.cnn.com/2005/02/12/news/newsmakers/fiorina_severance/index.htm

Apoclypse
02-14-2005, 04:09 AM
she will be permitted to keep her personal computer equipment and receive technical support for three months.

This is the funniest thing i've read all day.

CGTalk Moderation
02-14-2006, 05:00 AM
This thread has been automatically closed as it remained inactive for 12 months. If you wish to continue the discussion, please create a new thread in the appropriate forum.