HP Keeping Their PC Business
First time accepted submitter yourlord writes "Hewlett-Packard Co. has decided to keep its PC division. So says its newly appointed CEO Meg Whitman. Whitman, the former eBay chieftain, categorically rejected a plan offered up by her predecessor, former CEO Leo Apotheker, to either sell or spin-off this division. HP announced the decision after the close of financial markets today."
During the auction, no one met the reserve price.
Well.. maybe. Or Maybe not. But Definitely not sort of.
First they have to revive Meg Whitman.
You are welcome on my lawn.
You've heard the joke, right?
A new CEO meets with his outgoing predecessor on the last day before he takes over. The old CEO takes him aside and gives him three envelopes, labeled "1", "2", and "3." "These are only to be opened when you hit a crisis," the old CEO explains. "The first one is to be opened when you hit your first crisis, the second one on your second crisis, and the third one on your third. They contain hard-won wisdom that will help you weather each crisis."
The new CEO takes over and for a while things go great. Then, suddenly, the company lurches into crisis. The new CEO remembers his predecessor's words and opens the first envelope. Inside is a letter that starts "Blame everything on me. Fire a bunch of people that I hired. Announce you're heading in a radically different direction." The new CEO takes the advice and survives the crisis without breaking a sweat.
More months pass, and then the company hits another rough patch. The new CEO remembers how well the advice in the first envelope worked, and eagerly opens the second. Inside is a letter that starts "Blame market conditions. Reorganize the company." The new CEO takes the advice, and again makes it through the crisis. He begins to respect his departed predecessor's wisdom.
Several more months pass, and then another crisis hits, this one the worst so far. Out of ideas, the new CEO remembers his predecessor's third envelope, and rips it open.
Inside is a letter that starts "Prepare three envelopes."
Read my blog.