The New York Times exposed the reasons for HP's CEO to step down: the company lost its competitive edge difficult to find a new CEO
The New York Times exposed the reasons for HP's CEO to step down: the company lost its competitive edge difficult to find a new CEO
"The New York Times" columnist Joe @ Nocera (JOE NOCERA) Saturday the author pointed out Dell Inspiron 9300 Battery that HP's board earlier this month (August 6) that the dismissal of Mark @ Hart (Mark Hurd) the CEO position of any reason not set up Hurd's resignation caused the real reason is: Hurd managed to incur a large number of staff dissatisfaction, compression R & D expenditure to Hewlett-Packard lost market competitiveness.
Amazing performance
Hewlett-Packard on August 6 announced that CEO Hurd has resigned. It is learned that Hurd on suspicion of sexual harassment and forced to leave, he also become the Carly @ Fiorina (Carly Fiorina) after the departure of non-normal because of another Hewlett-Packard CEO. In early 2005, Fiorina was HP's board ousted CEO position, followed by the appointment of company CEO Hurd and Board of Directors. Prior to joining HP, Hurd served as NCR software company CEO.
Hart led the actress to step down last Sunday has appeared, this has the HP contract workers (Note: the temporary workers) in the female party named Judy @ Fisher (Jodie Fisher). She is 50 years old, as single mothers. Fisher said in a statement last Sunday that she had been the same He Deda into a settlement agreement and agreed not to institute legal proceedings HP. She also said that this led to Hart to step down was not his intention.
Hurd as HP's CEO on Wall Street analysts see HP's unique development: market performance improved steadily. In 2009, HP revenue amounted to 115 billion U.S. dollars, far higher than when Hurd took 800 billion dollars. Revenues amount to the standard, four years ago, Hewlett-Packard more than IBM, then the world's largest technology companies. Taking into account the relatively large size of HP's business, its 18% average annual profit rate can be described as astonishing. Hurd as HP's CEO in the period, the stock rose 1 percent.
Before leaving in Hart, Hart industry on a lot of praise. Such as "Fortune" magazine, wrote dell insprion 9400 Battery last year, Hurd expenditure compression mode, has become a U.S. technology companies to improve operational efficiency benchmark. 4 months ago, "Forbes" published a cover article about Hart, said the growth of HP's market performance, first of all be attributed to the compression Hart spending measures, and on this basis established corporate culture.
In addition, as interim CEO of HP, HP Chief Financial Officer Kathy @ Laisijiake (Cathie Lesjak) Hart left a message in the announcement, also said in the past few years, the implementation of HP's management capabilities, "no doubt." Fiorina stepped down at the time, HP's board of directors is impossible to make such statements.
Cause
However, on August 6 this year, Hurd been dismissed HP's board of directors, dismissal of the reason is that Hart involved in sexual harassment scandal. But HP's board in a press release that the actress had claimed that despite the incidents of sexual harassment by Hurd, HP's internal investigation showed that Hart did not have any personal relationships with Fisher. HP's board went on to say, contrary to Hart, "HP Standards of Business Conduct."
HP board of directors claims that Hart had submitted the part of the false expense reports. Hurd, however, will be driven out, while Hewlett-Packard, also said that he issued valued at 40 million U.S. dollars to 50 million U.S. dollars in severance payments. Such a high compensation, and not committed itself says Ming Hede significant errors.
HP also said that HP's board of directors in handling the incident in the decisive Hart commendable attitude. However, Nocera believes that this statement is "late", but the actions of HP board members should be referred to as "cowardly acts", because that is not the board of directors announced the real reason for dismissal of Hart, but there is no substance to allegations of sexual harassment and small claims negligence as an excuse, and then driven out Hurd.
Hewlett-Packard CEO if the board does have distrust, or at least should show a reasonable basis. But the HP board has not done so, it is no wonder that Wall Street analysts on the HP board of directors questioned the attitude of HP pavilion ze1000 Battery concealment.
The real reason
Hart left, may be called Hewlett-Packard board of directors following the "listen gate" incident is another major error committed. Hurd as HP CEO, the board continued to meet with HP to find out HP's board discussed the external leak behind the figures, part of the HP board members and journalists phone records were stolen, which is later revealed to the HP "monitor gate "event. After the scandal was first launched in the former HP chairman Patricia survey @ Dunn (Patricia Dunn) resigned.
"Business Week" former journalist Anthony @ Bianco (Anthony Bianco) recently published a book about HP "monitor the door" books. In his book critical of the Hart. Bianco believes that HP's "listen gate" of the actual truth is much more complex than outsiders imagine, Hurd in the case, played an important role, but he has used various means to evade its own responsibility.
Anke said in his book, Hart and former HP board member Perkins conspired to allow Dunn to serve as "listening" incident of the scapegoat. Bianco, said this: "Since the events of monitoring the door, between Hart and the HP board of directors is seemingly harmonious relationship, which has fully demonstrated the Hart character parts that are not perfect, so he is not fit for CEO . "
Staff dissatisfaction
Most people in Silicon Valley, said Hurd as HP's CEO since its management has not only caused a great deal of general staff of full, but encountered resistance from many HP executives. Stanford University research project manager in industries Chuck @ House (Chuck House) recently in a blog post, said Hurd in the high-handedness in their daily work, and the elimination of HP for many years to implement employee profit sharing system, and then deducted from the interests of employees transferred to himself and his five cronies head.
House said that in real life, Heder, "vulgar, rude, arbitrary, intimidation and belittling others, and a tendency to retaliate." House said the HP board of directors on August 6 announced that Hart left the news, then released a large number of HP employees Bowen, as Hart was inspired to step down.
House also noted that HP's "Voice of the workplace" (The Voice of the Workplace), which Acer Aspire 4310 battery projects the company's employee satisfaction survey in April this year, statistics showed that over two-thirds of HP employees said that if given the opportunity to other companies engaged in similar work with their current (not promotion), will be leaving soon to choose from HP. Number of other Silicon Valley companies that had received a large number of HP employees sent your resume.
U.S. market research firm Enderle Group principal analyst Rob Enderle @ (Rob Enderle) which said: "Hart did not have the support by the staff. Heard some of the management, so that he had alienated the crowd to support him. "Heard was fired after an anonymous HP employee data available online, said:" Heard on one thing only: their own will earn money. "
Reduction in R & D funds
Heard in the process of taking measures to reduce operating costs, also cut off a large group of HP Labs research and development projects, would lead to new products, HP's slow down, thus missing a lot of new business opportunities. It is reported that before the Hurd as HP's CEO, the company has been to 9% of revenue for new product development, but Hart took office, the ratio has been reduced to 2%. House, said: "This is not on the Apple iPad HP Tablet PCs to quickly respond to reason."
Hurd also prohibits other companies as Hewlett-Packard executive board members, this also caused strong resentment among many HP executives. In addition, Hart has also cut off part of HP's previous funding charitable projects and community projects, to the detriment of HP's public image. House that, Another point, Hart prefer to use "threat" of management, although the intention is to maintain the employee's work pressure, but the actual Jieguoqueshi Bushaohuipu Yuangonggandao their own future and no hope.
The reason for the dismissal Hurd, HP's director of vague, saying only that a violation of HP's business conduct. This is not HP's board fired the real reason for Hart.
Difficult to find a new CEO
Hewlett-Packard board member, Netscape (Netscape) founder Mark @ Anderson (Marc Andreessen) is currently responsible for HP's new CEO to seek work. He said that the next HP CEO and chairman duties both at the same time by one person may serve as, respectively, may also be served by the two.
In 2002, when he was CEO of HP, Fiorina decided to 25 billion U.S. dollars acquisition of PC maker Compaq (Compaq). Hurd took office, also Hewlett-Packard conducted a series of major acquisitions, acquisition targets, including Mercury Interactive, EDS (Electronic Data Systems), Opsware, 3Com and Palm, etc.. Through these acquisitions, HP's business is no longer confined to the printer and computer, and further extension to the IT services business.
Nocera believe that Fiorina's strengths lies in strategic direction for HP, but weakness dell Vostro 1500 battery is the lack of good implementation capacity. The Hart's strengths is enforcement. If I take a look, in fact, many of Hart's market performance, in fact, laid the foundation should be attributed to Fiorina.
Nocera believes that HP's next CEO the best with Fiorina's strategic vision, Hurd's ability to execute and Lu @ Pratt (Lew Platt, Hewlett-Packard before Fiorina CEO) of wisdom. But to find such a superb quality of all aspects of the new CEO, is almost a "mission impossible."