Quantcast
Jump to content

PreCentral: Read This: Infighting, dysfunction, and the revolving CEO door; Fortune examines HP under Léo Apotheker and Ray Lane


Recommended Posts

Read This: Infighting, dysfunction, and the revolving CEO door; Fortune examines

By now you know . Many of the major players in the tech industry - Apple, Google, Microsoft - have charismatic CEOs that act as the sole and unchallenged leaders of their companies. HP is a little more traditional in the Fortune 500 sense, with a Board of Directors tries to stay involved in company business, though it seems that having several competing ideas leads to more drama than we had imagined.

Over the past few years everybody in the tech space has seen that HP's board has suffered from no small measure of dysfunction. They've had a revolving door of CEOs - Léo Apotheker's predecessor Mark Hurd had last just five years, and Carly Fiorina before him was forced out after HP's near disastrous merger with Compaq. The board had garnered a reputation of being a leaking sieve to the press, so much so that the chairman had at one point hired private investigators to examine the phone records of other board members and reporters (that ended with a publicly embarrassing trip before a Congressional committee).

But none of that compared to the brief reign of Léo Apotheker. Brought on in November 2010 after Hurd's ouster, and had been fired from leading a German enterprise software firm with revenue a fraction that of HP's. His tenure as HP CEO included and and webOS 3.0 (a project started by Hurd with )., the , an ill-advised "exploration" of , a , and just eleven months after being brought on.

Fortune set out to find out just what happened, interviewing dozens of current and former board members, executives, and employees and examining confidential company and legal documents in the process. What they found is a broken company, struggling to repair itself, with a board full of infighting and open challenges and a chairman desperate to maintain his position while burying over the decisions he'd spearheaded.

Not for the first time, the news reached the press before the official announcement. On Sept. 22, Apotheker read that he was being fired and replaced by Whitman. He was flabbergasted. In a meeting that morning, Lane told him that he had lost the support of the board and every single member of the executive team -- including former SAP loyalists such as Homlish. Before the board, Apotheker was subdued, dignified and resigned. But he was incensed. He had fully consulted with the board on everything, he told friends. He'd trusted Lane to make the board a functioning one, but instead Lane had turned it against him.

Lane distanced himself from the disaster, blaming Apotheker. The man who'd been proud of HP's bold moves was now running as fast as he could from the word "transformation." It had, Lane said in a conference call with investors, "been stricken from our language." Asked in a CNBC interview whether the board bore responsibility for HP's chaos, Lane reacted defensively. "I'm going to give you an answer right from my heart, okay? In January, I added five board members to this board. This is not the board that was around for pretexting. This is not the board that fired Mark Hurd. It's just like open season to write about this board. It's not this board. This board did not select Léo, okay?"

It's a massively long read, but for those interested in just how bad HP got, and how far it has to go, we have to recommend that you head over to Fortune and check it out. It's a doozy.

mf.gif


a2t.imgCBM-SY8WOj4

link hidden, please login to view
Link to comment
Share on other sites

  • Replies 0
  • Created
  • Last Reply

Top Posters In This Topic

Popular Days

Top Posters In This Topic

Popular Days

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Similar Topics

    • By Joseph W Lane
      My SM8600PUA  is connected to my Denon receiver via the optical cable and set to internal speaker + optical cable. However when I play an Apple TV program I see the Dolby vision and Dolby Atmos logo in the upper right of the screen initially but my receiver is  decoding audio and setting itself to stereo instead of Atmos. Is this a known issue and is an update to the app to support all the channels present in the stream? Or am I just not setting something. Atmos is enabled on the TV.
    • By Richard Stewart
      After I complete developing lg tv app,  how other man  test  app?
    • By TimtheToolMan
      We just purchased a new LG WebOS TV OLED 65" and running the setup through the app or the TV remote says it can't load the user agreement. This is blocking us from getting to streaming apps like Nexflix or any smart functions like Voice assistant.
      TV worked fine for a few days but voice assistant stopped working and after much effort LG tech said to  Reset to Initial Settings. Now we have mentioned no smart functions. TV is on ethernet and its browser functions on web fine. Tried running off neighbor's wifi with same results.
      Tried switching to different country, unplugging/hold power button for 20 seconds/wait one minute,  resetting TV multiple times, setting up remote again, ...
      Error message: Unable to Load User Agreements  A server error has occurred while downloading  the User Agreements. You must download and agree to the terms of the User Agreements to use this feature or application. Do you want to try to download them again… Unable to Load User Agreements  Sorry, but the User Agreements  can't be downloaded at this time…Please check your internet connection and try again later.    No change when trying over five days.
      Now there is no local company available to service TV. Maybe it's time to send it back and give LG TV a one star rating. I am willing to change motherboards but doubt if LG would go along with that.
      Anyone have any ideas.
       
    • By Mohammed Ghareeb
      Can any one give me a method to search about a specific channel in LG smart tv. It is the most stupid tv app. 
    • By Alley Cat
      I am currently using this TV only to view internet content.  I am using the built-in wifi and ethernet connections.  But the TV starts up into maximally loud static every time and I haven't found a way around this.  Just about anything else would be better.  It could autodetect and mute the static.  Or it could start into the Apps screen.  Or it could start into my preferred app.  Or it could just start into a blank screen.  Whatever.  Just not loud, loud static.
      I read someone was able to set parental controls to get rid of the cable channels so it didn't start into static but that didn't work for me -- I deleted and locked all static channels but it still starts up into one of them.
      I guess more people have had success giving it an HDMI input and setting that as default -- I can't find the menu item to do that, maybe I need to actually connect an HDMI input? I don't have one readily available.  It seems silly to spend money on an extra streaming box to mostly do things that are built into my $900 TV, because it was designed to blast static on my speakers every time it starts up.
      So -- are there any other possibilities to solve this problem? 

×
×
  • Create New...