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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!
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
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.
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.
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Dr. Lisa Su is doing quite well.
I think it's copy-pasted from some of AmiMoJo's rambling.
Confucius say, "Find worm in apple - bad. Find half a worm - worse."
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."