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Carly's Going, Going, Gone
By Mark Evans | February 9, 2005
So the Compaq merger eventually skewered Carly Fiorina, who got the boot today as HP's CEO. Despite growing calls for a big management shakeup in recent months, you wouldn't have been able to tell from what the company said on the media call today, which was strewn with “Carly was great; Carly did some good things, blah, blah, blah”.
All HP would admit is Carly's ouster is “in the best interests of the company”, although new CEO Robert Wayman said it will continue to follow the strategy created being pursued by Carly. Make of that what you wil.
The bottom line is Carly didn't do the job. HP's PC business sucks, its imaging business has lost momentum and the whole move into services never really happened. Most telling about Carly's firing is the jump in HP shares today. It's a real sad comment when the most celebrated female CEO in the U.S. gets shown the door, and investors wildly applaud.
For more on Carly's demise, check out Om Malik's posting today, which includes an open letter he wrote to Carly in 2002 that calls her to task on the Compaq deal and other strategic initiatives.
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