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Business
Carley Fiorina arrived at Hewlett Packard in 1999 after having a successful career at Lucent and AT&T. Even before she moved into the CEO's office, she had several obstacles that she had to overcome. Fiorina took over HP at the height of the tech boom. Making money in technology industry had become a lot harder than it used to be and Fiorina knew that HP had to make some serious changes in order to successful. She had a vision and she wasn't afraid to share it with others. She spearheaded the initiative to acquire Compaq Computer, despite the objections of the son of company co-founder William Hewlett and many other stockholders (Vries, 2005).
From the beginning she had to figure out how to strike a delicate balance between propelling HP's turgid culture out of its declining ways and into the high-speed Net Age while not losing the elements that had made the company an American icon. The goal was to preserve its deep engineering roots and its good, old-fashioned dependability (Burrows, 1999).
There has been a lot of talk surrounding...
The old HP was very friendly with open offices, open collars and open lines of communications between management and employees. When the Compaq merger was being debated and shortly after it was approved by just a slight majority of stockholders, Fiorina was seen by many as a disruptive force (Vries, 2005).
There were many members of management that were against the merger. They felt that it would be bad for employees, bad for retailers, bad for consumers and, ultimately, bad for stockholders. Despite these criticisms HP had some pretty good quarters after the merger causing lots of other one-time critics to quiet down a bit. But there was still plenty to criticize about Fiorina's term at HP. In the end the changes that Fiorina made didn't turn out so well for the thousands of Hewlett Packard and Compaq employees that were laid off and the millions of HP stockholders who lost money after her takeover (Vries, 2005).
When you look back at Fiorina's tenure are HP it almost appears as if she was…
References
Burrows, Peter. (1999). HP's Carly Fiorina: The Boss. Retrieved June 21, 2009, from Business
Week Web site: http://www.businessweek.com/1999/99_31/b3640001.htm
Vries, Lloyd de. (2005). The Rise & Fall Of Carly Fiorina. Retrieved June 21, 2009, from CBS
News Web site:
http://www.cbsnews.com/stories/2005/02/09/scitech/pcanswer/main672809.shtml
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