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HP Enterprise CEO Meg Whitman To Step Down (reuters.com)
Hewlett Packard Enterprise's Meg Whitman is stepping down as chief executive officer. Reuters reports: Whitman engineered the biggest breakup in corporate history during her 6 year tenure at the helm, creating HPE and PC-and-printer business HP Inc from parent Hewlett Packard Co in 2015. Whitman will be succeeded by the company's president, Antonio Neri, who takes over from Feb. 1. "Now is the right time for Antonio and a new generation of leaders to take the reins of HPE," Whitman said in a statement. Whitman, who will continue as a board member, had been steering the company towards areas such as networking, storage and technology services.
from a dying entity.
Congrats!
..and Slashdot rejoices
Has she ever had any real success in anything she was involved in. Besides dragging it into the ground and then being asked to leave.
This clears the way. No political baggage and (hopefully) no sexual harassment aligations against her makes her a viable candidate today.
All you did Meg was fire a lot of people under the pretense of splitting up a company.
And you got paid a lot of money for it while a lot of people hit the skids.
Well F**king done.
READY.
PRINT ""+-0
Dude, I rate this troll 1 out of 10. No idiot will take your bait. You could have been more subtle, so as to provide more believability. Maybe added some anecdotal details of some true incidents while ignoring contradictory evidence etc.
..riddance.
Are you sure they're just not sufficiently psychotic to lead at that level? Maybe there's a market for anti-sanity meds. http://www.businessinsider.com...
"Common sense will be the death of us all"
A[?] HATE NA[?]GGERS!
Ok, let's be honest - name a woman CEO who's ever left a company in a stronger position than it was in when she started. Carly Fiorina? Marissa Mayer? Ginny Rometty?
Feminism is cancer.
Damping absorbs vibrations. Dampening is caused by moisture.
Free Kekistan!
Damping absorbs vibrations. Dampening is caused by moisture.
And...
How's this any different from the men? Travis Kalanick? Martin Shkreli? Harvey Weinstein? THE DONALD???
Incompetence is not indicative of gender, race, religion, or political affiliation.
It's indicative of species.
(Although in the Donald's case, the jury's still out on which species he truly belongs to...)
I think most meds make you somewhat detached and unemotional. Exactly what you need to lead an amoral enterprise, and by law publicly traded corps must not care about anyone or anything but their stockholders' welfare.
Damping absorbs vibrations. Dampening is caused by moisture.
So maybe the next generation of leadership will separate networking, storage and technology services from the HPE. Lets call it the Hewlett Packard Periphery, or HPP. That leaves the integrated systems, servers and software. Break the software and servers to HPSO and HPSE incorporated, respectively. Then the integrated systems can buy all their components and services from separate corporations and the management overhead is getting maximized, as was intended. It's brilliant, isn't it?
They already have that... it's called religion...
You better lock up your Unicorns, lock up your Blue Chips, 'cause she's rapin' everything up in here!
#dankmemes
Corruption is convincing someone that the selfless ideal is the same as their selfish ideal.
Their OpenStack and cloud initiatives didn't really bring in a lot of new business.
HP hasn't been terribly innovative. People who were buying Cisco and other brand name servers are still doing it, and Amazon/Google/Microsoft are emerging as the major cloud providers.
The OpenStack philosophy essentially banks on hardware being interoperable and somewhat interchangeable, so competition is guaranteed. It replaces some proprietary software with FOS software. It's great that HP contributed, but there is no licensing revenue and no hardware lock-in. That puts some grit in the gears of corporate profiteering.
Then at the top, the huge enterprises like Google and Amazon have started using custom hardware. Others, like Facebook, are forcing commoditization of core infrastructure with Open Compute. Most of them are combining cheap x86 servers with custom hardware to some extent. Either way, the enterprise IT companies are forced to compete as components rather than drop-in "solutions" with support contracts, which is where the enormous profits have been.
I'm not sure what their strategy was. And regardless of what Whitman planned, HPE hasn't reestablished itself as the behemoth it once was.
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According to the latest ruleset, this post should be modded as Vorpal Flamebait +5.
So the long and short of it, the stock price is dropping because she was never brought in to lead, she was brought in to part it out and sell things off! And they have no confidence the new guy can convince anybody to buy the lemons they have left, if she couldn't.
This means, if you didn't get out already, you missed the boat.
HPE will now stabilize and will have to live with a stock price that has less of a speculation bonus.
She got 6 years to prove she was competent. She wasn't.
Someone's a bit salty that the Donald is going to deport him...
That's probably true, but she's a particularly bad administrator.
...damn I do hate that the real workers at HPE - as always in today's corporate America - take it in the shorts because of a series of incompetent, but super-well-paid execs screwing up horribly, then settling back in a cushy director's job where they can continue to draw great pay and perks and destroy value even more. Woo-hoo for modern capitalism!!
Who would you like to see become the new head of HP, if you got to choose from any acting corporate executive? Elon Musk? Jeff Bezos? Sergey Brin? Someone else?
Come on, guys, considering how bad HP's picks have been for the past few decades, I think that we can do better!
What's incompetent about any of them? Kalanick runs a company that sells a product that people want and keeps hitting both the news and thus bumps in the stock market. Shkreli got rid of his competition and got people to pay 1000s of dollars for medicine you can find for $10 in a pet store. Weinstein's company kept running for decades even though he's a big asshole and the Donald is the fucking president. I wouldn't call that a failure.
Custom electronics and digital signage for your business: www.evcircuits.com
Dr. Lisa Su is doing quite well.
Women just can't cut it as CEOs. Just look at Carly Fiorina, Marissa Mayer, or Elizabeth Holmes. Women just usually aren't fit to be in a leadership position like that. They get hired because of their looks, then promoted because they can't actually do the job and firing them would bring a discrimination lawsuit. That's how women work their way up the ladder.
Are you seriously claiming those 3 were hired for their looks? Have you looked at them?
I wouldn't be too surprised. Possible acquirers: IBM, Oracle, Dell, the Chinese.
+1 for Holmes tho, I like that type
But yeah she's clearly a psychopath
A majority of American citizens would.
You are welcome on my lawn.
While the doer-ship of women is not contestable, the aggressive creativity is obviously, historically, missing. The creative aggression of our species is visited mostly upon the male. It is hyper-liberalism that demands the equality in all things of men and women, not nature. We force a false equality to our detriment.
E Proelio Veritas.
and round of briefings on the same for Meg, evidently didn't go so well. Otherwise she would've stuck around to introduce it to the industry. What else does HPE have to look forward to?
She took HP from manufacturing the worst products ever designed to the exact same thing but with less money PLUS she even leaked in an interview that warranty claims were killing HP. The board scolded her for publicly acknowledging that their products were defective garbage. She is quite possibly the most incompetent major corporation CEO EVER!
Not a bad concept...but when instant profit is more important than good quality products, then consumers go away, creating a bigger loss.
When Marissa Mayer took over Yahoo (July 16, 2012), it was trading at around $15.83. She announced her resignation about five years later, on June 13, 2017. Yahoo was trading at around 54.48, or around 344% higher. She took a shitty, failing, company that was going to die, and gave its investors a 344% better deal. And if you don't think that's a stronger position, you have no fucking clue what a CEO's job is.
They should just ship them to a landfill and skip the middleman.
The round and blue "HP" is not the company Meg works for.
Meg works for HPE which has the new and very innovate green rectangle as a trademark.
Indicative of her simpleton intellect.
I'd like to be the person they paid millions to for that wonderful and new moniker.
When Fiorina took over HP in the late 90's, the stock price was in the range of $160/share.
It split once which would bring it to $80/share.
Pre split, it was under $20/share.
Some looking out for the shareholder after four CEOs.
When Fiorina took over HP in the late 90's, the stock price was in the range of $160/share.
It split once which would bring it to $80/share.
(should have been "pre company split" $20/share.)
Some looking out for the shareholder after four CEOs.
Ugh.. why can't we edit our posts, /. ?
A most insightful view of Meg Whitman.
I think it's copy-pasted from some of AmiMoJo's rambling.
Confucius say, "Find worm in apple - bad. Find half a worm - worse."
HPE is not basically EDS; DXC is basically EDS.
I'm not going to get in line with the idiots bashing women CEOs, but a large part of that valuation (maybe ALL of it, the rest of the business has been given a NEGATIVE valuation at points in the recent past!) is because of Yahoo's stake in Alibaba... which they bought into in 2005. That's neither a point for, nor against Mayer.
I honestly don't think anyone could have turned Yahoo around--male, female, or otherwise.
What part of "shall not be infringed" is so hard to understand?
Because Yahoo owned some AliBaba stock from before her time. If she'd found an unclaimed lottery ticket under her desk it'd reflect about as much on her ability.
Confucius say, "Find worm in apple - bad. Find half a worm - worse."
The rest of the world isn't too chuffed either.
Confucius say, "Find worm in apple - bad. Find half a worm - worse."
As is Mary Barra.
Elizabeth Holmes is just a scammer who happens to be woman.
Before HP's stock tanked.