Ousted from HP, Carly’s payout may top $42 million – Feb. 12, 2005 — Maybe we can pin a medal on her too.
NEW YORK (CNN/Money) – Ex-Hewlett-Packard CEO Carly Fiorina will get a severance package worth about $21.4 million, but stands to reap another $21 million after she was forced out by the computer maker’s board last week, a newspaper reported Saturday.
The additional amount reflects the estimated value of her Hewlett stock and options as well as her pension, which were not included in her severance package, the New York Times reported.
HIT or MISS\TRIAL by ERROR
The HP/Compaq merger created a new dinosaur. It is more good news for Dell. I think HP may get busted apart. They seem to have a humpty dumpty strategy. When the executives start getting these kind of giveaway packages, the shareholders get nervous. I think the smart money will start dumping HPQ. The stock price will tell the rest of the story.
Tell it to Mr. Hewlett
“We strongly disagree with the ISS decision. We believe ISS has missed the point–we believe that the HP-Compaq merger will destroy stockholder value,” Hewlett said in a statement. Perhaps that was an understatement. It was true. That was a big miss!
There is an ISS story here John. Barclays Global Advisors, is another story all together. I think you’ll see shareholder suits. Carly and the girls may be headed for court next. Do you swear to tell the truth, the whole truth and nothing but the truth so help you God?
HP claimed the merger would add $5 to $9 per share in value by cutting $2.5 billion in costs. Mere speculation. You have butterfly effect and that sort of thing. HP spent billions to save billions more and now it could cost billions more than than first thought. It could cost everybody everything. Give Carly $40 million and call it even. Look at all the savings. What a deal!
Broken English Version
Carly Fiorina Will be obtained the cost of packet severance against $21.4 millions, but they stand, that reaps other $21 million after it it were forced outside by the board of the creator of computer. I think hp it deserves to break and to sgoret’. Confluence Compaq was dull and Carly obtains parting gift, large one. I know, it earned this! Hp real busy of privinchivayushch from the matter and the available money. You will look forward to more than disorder in proportion to shareholders revolt.
Hasn’t anyone looked at the stock chart for HP over the last 5 years?
All the decline is attributable to the dot.com bust.
The stock was at a relative low when the Compaq merger was announced, and is currently 6-10% higher than it was then.
Not a booming success, but not a total disaster, either.
I seem to recall lots of praise for the way the merger was handled quickly and efficiently. Compared to Daimler/Chrysler, ATT/NCR, or so many other industry mergers, it was actually well done.
From a stretegic point of view it was not a success, but you could probably say it was a bold and well executed gambit during one of the most tumultuous times in the computer industry. What else was there to do but fight a war of attrition with Sun and IBM in Unix workstations, and with Dell in PCs? Combining hardware, software, and services into a one-stop shop wasn’t only a Wall Street fad, but a business practices fad, too. She was following her customers’ lead.
I say she went out swinging. Her stubbornness at not devolving power did her in, but she could see the writing on the wall. Why stay and execute a new strategy that isn’t hers, when the Street will just see a weakened CEO, and not reward the company for changing direction.
With that $21 million in stock, her net worth has risen on the announcement of her ouster. And with someone else at the helm, the market may actually respond to a new strategy with a rising stock price.
Get richer by falling on your sword!
BTW, I never did like her for most of her tenure. I thought she was all glitz and marketing, and didn’t deserve all the praise and kudos she got simply for being a woman. But all this criticism is an unobjective slander against her record of performance.
About what T.C. wrote here.
Yea, keep telling yourselves that HP is going to keep getting bigger and faster. They should just dump the PC business. Stick with printers, paper, ink, scanners, cameras & that sort of stuff. Even IBM dumped the PC business. What slander? They dumped the CEO for daydreaming. Talk about the grand illusion. HP has a solid printer business. Dell will kill their PC unit. All the customers were clamoring for HP to buy Compaq? The merger was customer driven. It was well done. What a laugh. I read that HP might go after Gateway next. Another laugh. HP is going to spend the next few years decarlying the corporation. She may get millions more out of her get lost package. What is good for Carly isn’t good for HP. Maybe it never was. What is good for HP is good for the consumer and the shareholder. It’s about security in the end.