load01 08/21/2011

• HP's Carly Fiorina era is finally over...good riddance | Business Tech - CNET News

  commentary Walter Hewlett was right.
  Walter Hewlett, you may remember, was the low-key, cello-playing scion of the Hewlett family who fought HP's then-CEO, Carly Fiorina, over her planned $25 billion merger with Compaq, which was announced 10 years ago next month.
  Hewlett's point was simple: Just maybe it's a really bad idea to double down on a low-margin business like PCs.
  Of course, we all know what happened. Hewlett's opposition was no match for the publicity-savvy Fiorina and her team of brass-knuckled marketers, who seemed a better fit for politics than the high-tech industry. (Which explains Carly's second career as the Republican loser in the race for one of California's seats in the U.S. Senate.) Hewlett folded his cards, went back to his quiet life, and Fiorina got fired three years after the merger because she was better at selling an idea than running a really, really big company.

  tags: misc

Posted from Diigo. The rest of my favorite links are here.