Linked by Howard Fosdick on Fri 23rd Nov 2012 14:03 UTC
In the News Hard to believe, but articles are popping up at business websites claiming that venerable Hewlett-Packard may fail. In their most recent fiasco, HP wrote off a loss of $8.8 of their $11.1 US billion acquisition of Autonomy and have alleged fraud in the deal. Revenue is down 7% from a year ago and the stock has hit a 10-year low. The company is laying off 27K employees but that may not be enough. Some speculate HP might be broken up into parts with buy-outs involved. This article from last May offers a good in-depth analysis of how all these problems came to pass.
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RE[2]: Comment by kaiwai
by kwan_e on Fri 23rd Nov 2012 15:10 UTC in reply to "RE: Comment by kaiwai"
kwan_e
Member since:
2007-02-18

gather skills to build a few great products.


It raises the question of why these CEOs never think about hiring the right people or promoting the right people instead of laying off people, a group which will no doubt have included the right people.

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