Linked by Terry Shannon on Mon 7th Mar 2005 07:48 UTC
Editorial With HP's high-flying CEO Carly Fiorina departing, the company's woes are well known. But how did a firm with such a storied history and vast assets get headed down the wrong path, and what do they need to do to set their course straight?
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Just reflects Top management priorities these days
by dukeinlondon on Mon 7th Mar 2005 10:53 UTC

Whatever anyone says, Carly has achieved something huge : A mega merger and the associated personal pride. Most mega mergers or mega deals for that respect have been mega disappointment in the past for shareholders and staff alike.

But what a pride for everyone involved, ie investment bankers and their board members clients ! Industrial logic ? That's for middle management, thank you very much ! Well, as long as it doesn't interfere with empire building and other headlines generating moves, of course.

As Warren Buffet always says, it's when you start liking the money (and pride and everything else) more than what you do that your company is going to have a problems.