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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Re: Spin off the printer division
by Tim on Mon 7th Mar 2005 17:07 UTC

Spin off the most profitable part of your business? That just doesn't seem sensible.

I would recommend reading 'Who Says Elephants Can't Dance' by Lou Gerstner. It's his account [as new CEO] of the turnaround of IBM in the early-mid nineties. Analysts and IT press people were telling him that IBM should spin-off this and that. He paid no attention to that. If I remember correctly he said that the only people that ever benefit from spin-offs and mergers are the investment bankers and analysts. So why would he listen to them.

He helped IBM; maybe he could do it for HP.