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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HP repeated Compaq's mistake
by Paul Gralitt on Mon 7th Mar 2005 14:39 UTC

Compaq made the exact same mistake when they acquired DEC, and Capellas was smart enough to realize that it's only a mistake if you're on the acquiring side. HE did right for his shareholders by selling to HP.

The lesson here is that if you're going to hire a charismatic outsider who is not a techologist (by Carly's own admission), the board has to take an active role in reviewing major decisions.